Contribute States of India in Growing GDP
GDP contributing states of India – Once upon a time when India was known as the Golden Bird of the world because this country is the wealthiest in the world and its name was Hindustan then Britishers came to this country to do business but after some time they ruled on the name of British India Company and after ruling for more than 200 years and after so many revolutions they gave the Independence to Indians on 15 august 1947 but at the meantime, they took everything which was a collateral loot or even stolen from India.
If we calculate that amount then it was around 45 trillion dollars in today time which affects the all over economy of India. In today’s time after around 77 years of development and hard work by the people of this country, their GDP has grown which is estimated at around 3.57 trillion dollars and the most contributing states who helped in increasing the GDP of India are:
Five Most Contribute States of India in Growing GDP:
- Maharashtra
- Tamil Nadu
- Gujarat
- Uttar Pradesh
- West Bengal
1) MAHARASHTRA:
This State contributes most to increasing the Gross Domestic Product (GDP). As per the records of 2022-2023, Maharashtra’s alone contribution to India’s GDP is 12.92% of total GDP. This State Economy is diverse with many sectors Such as Agriculture, Industry, and services, etc. The State is also a leader in many sectors including:
- Manufacturing:- This sector contributes around 13.8% of India’s industrial output.
- Exports:- This sector has the highest value of exports accounting for 17.3% of India’s exports.
- IT:- This sector is a leader in IT Software and Data Centers.
- Leather and Footwear:- Due to this sector, Maharashtra is the leading state for footwear and leather products, production, and exports.
- Toys:- This sector of Maharashtra is a leader with 45% of overall output and 33% of overall exports of India.
2)Tamil Nadu:
This state contributes 8.8% of India’s total GDP. This amount of contribution makes it the second largest contributor state in India’s GDP. In 2023 the Gross State Domestic Product of this state was estimated to be $294 billion. This State Economy comes from the sectors such as Services, Manufacturing, Agriculture, etc.
- Services:- This sector of Tamil Nadu contributes around 53% to the gross state domestic product.
- Manufacturing:- Its Contribution is estimated to be 33% of the Gross State Domestic Product.
- Agriculture:- Its Contribution is estimated to be 13% of the Gross State Domestic Product.
Other sectors such as Mining, Textiles, Automobile Manufacturing, Electronics parts, and equipment also contribute to the Gross State Domestic Product. But above mentioned sectors are the major contributors to GSDP.
3) Gujarat:-
This state contributes 8.6% to India’s gross domestic product (GDP). Which makes it the third largest GDP contributor state of India. Gujarat is contributing largely to GDP due to its manufacturing sector which accounts for 36.7% of the total gross state domestic product. This state also has strong micro, small, and medium enterprises (MSME). This state has also set a future target of $500 billion by 2026-2027. Gujarat is also a hub for the textiles, automobile sector, pharmaceuticals, gems, and jewelry.
4) Uttar Pradesh:-
Utter Pradesh is the state with the highest population in India. This State is also one of the largest contributors to India’s GDP which is more than 8%. Due to this contribution, this state has gained fourth place among the largest contributor states in India. Uttar Pradesh is also known as the country’s food basket. Because it is a major contributor to India’s grain market, this state has also many sectors that help to increase our country’s Economy but there are some highly contributing sectors of this state such as:
- Agriculture:- This state has a large size and high acreage because of that this sector is the primary and major source of income of this state.
- Manufacturing:- This is a top manufacturing destination and also contributes more than 8% of India’s manufacturing output.
- Services:- This sector of the state includes trade, transport, communication, hotels, and many more related services which help us grow the GDP of the country.
So, These are the major sectors that help to contribute highly to the Gross State Domestic Product.
5) West Bengal:-
As per the 2022-2023 record of GSDP (Gross State Domestic Product), this state accounted for over 6% of the national GDP. Due to this account, we can say that it is our country’s 5 largest contributor to India’s GDP. This state economy is based on agriculture, small and medium-sized enterprises, and industries such as jute, tea, biotechnology, automobiles, textiles, and fisheries.
Conclusion:
These states drive a most important portion of India’s economic growth, each state contributes through various sectors including industry, services, and agriculture. Their diverse economic activities and strategic advantages collectively enhance India’s overall GDP.