Telangana, the youngest state of India, emerged as the wealthiest state in India in terms of per capita income. According to the Economic Advisory Council’s latest report submitted to the Prime Minister, here are the top five wealthiest states in the country.
1. Telangana:
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Telangana stood on top with a per capita income of 176.8%. The economy of the state has been rapidly growing since its inception in 2014. Agriculture, Information Technology, and Pharmaceuticals are the major contributors of the state’s economy.
2. Haryana:
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Haryana, with a per capita income of 176.8%, stood in the joint first position with Telangana. The sector of industries contributed significantly to the state’s per capita income, along with agriculture, information technology, automobiles, and manufacturing.
3. Delhi:
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The country’s capital, Delhi, is in the third position with a per capita income of 167.5%. Sectors like technology, finance and hospitality helped in Delhi’s per capita income growth.
4. Maharashtra:
The largest GDP contributor in the country, Maharashtra, is the fourth wealthiest country with a per capita income of 150.7%. Entertainment, manufacturing, and finance industries are the major contributors to its economy.
5. Uttarakhand:
Uttarakhand is in the fifth position on the list. Tourism and Agriculture prominently contribute to this state’s economy. Uttarakhand is an adobe with a few beautiful Himalayan landscapes and religious shrines.
The report has been made by dividing the total income of the area by its population. It will help in calculating the standard of living and economic health.
