Top 10 Most Developed States In India in 2023: Well as we know the development of a state can not be defined using a single parameter but two of the most effective criteria are the per capita income of a state and the Human Development Index (HDI).
As we listed earlier the top 10 richest states of India, In this article, we will discuss the top 10 most developed states in India in 2023.
The list will be based on the Net state domestic product (NSDP) per capita of individual states which is calculated by the gross domestic product minus depreciation on a country’s capital goods.
1. Goa
NSDP Per Capita: $5,821
According to the Economic Survey of India 2021-22, Goa has a per capita GDP of US$5,821 and human development index of 0.806 which is quite good for an Indian state, which makes it one of the most developed states in India in 2023.
Tourism is Goa’s biggest industry and it gets around 12% of foreign tourist arrivals in India. Goa is a significantly smaller and less populated state in India.
While mining is the second largest industry of Goa with major deposits of Iron, bauxite, manganese, clays, limestone, and silica.
2. Sikkim
NSDP Per Capita: $5,570
Sikkim is a northeastern state of India. The state shares its border with Tibet, Nepal, and Butan, making it one of the crucial geographical regions of India.
It has a per capita income of $5,570 which is then double the national average income of $2,466. Sikkim’s primary income is based on agriculture which is based on the terraced farming of rice and the cultivation of other important crops such as maize, millet, wheat, barley, cardamom, oranges, and tea.
Tourism and mining also plays important role in Sikkim’s economy. It is one of the fastest-growing economies as well as one of the most developed states in India in 2023.
3. Karnataka
NSDP Per Capita: $3,191
Karnataka is a southeastern state in India and it is one of the richest states in India. It has a GDP per capita of $3,191 and human development index (HDI) of 0.706, making it one of the most developed states in India in 2023.
Its economy depends on sectors like agriculture, manufacturing, and service sector. Karnataka’s capita Bangalore is known as the Silicon Valley of India.
Karnataka is the manufacturing epicenter for several PSU companies like Hindustan Aeronautics Limited (HAL), National Aerospace Laboratories, Bharat Heavy Electricals Limited (BHEL), Bharat Earth Movers Limited (BEML), and HMT.
4. Haryana
NSDP Per Capita: $3,181
Haryana is an Indian state present in the northern part of the country. It is one of the most developed states of India with an HDI of 0.708 and a per capita income of $3,181.
Haryana’s economy depends upon the service sector, agriculture, manufacturing, and others. Various companies like Hindustan National Glass, Maruti Udyog Limited, Escorts Group, Hero MotoCorp, Alcatel, Sony, Whirlpool India, Liberty Shoes, etc have their manufacturing plants in the state.
Gurgaon a planned city present in the state of Haryana is the second-largest information technology hub and third-largest financial and banking hub in India.
5. Telangana
NSDP Per Capita: $3,119
Telangana is the newest state of India formed on 2 June 2014. It has a per capita income of $3,119 and an HDI of 0.705 which is quite good.
The state’s economy is primarily driven by farming while Sevice, Manufacturing, and Tourism are other important industries that make it one of the most developed states in India.
The manufacturing sector in Telangana includes Automobiles and auto components, spices, mines and minerals, textiles and apparel, pharmaceuticals, and more.
Telangana is India’s one of biggest IT hubs with the majority of companies sticking around Hyderabad which is also its capital city. It houses the biggest campus of tech giants like Google, Facebook, Microsoft, Amazon, and Apple.
6. Gujarat
NSDP Per Capita: $2,872
Gujarat is an Indian state situated on the western coast of the country. It is one of the most developed states in India with an HDI of 0.672 and a per capita income of $2,872.
The state’s economy primarily depends upon agricultural production as well as industrial production. Agricultural products like cotton, groundnuts (peanuts), dates, sugar cane, etc are the most grown.
Gujarat is India’s one of the most industrialized states, with industries like pharma, chemicals, refining and petrochemicals, ceramics, textiles, automobiles, etc.
7. Tamil Nadu
NSDP Per Capita: $2,863
Tamil Nadu is an Indian state present in the southern part of the country. The state has a per capita income of $2,863 and an HDI of 0.709, making it one of the most developed states in India in 2023.
Tamilnadu’s economy is the second largest in the country, while the agriculture, service, and manufacturing sector contributes most to the economy.
The state hosts various MNCs in the automobile, electronics, and software industries having their headquarters and manufacturing plants.
8. Kerala
GDP Per Capita: $2,767
Kerala is another southern state in India formed in 1956. according to the census, it is the lowest positive population growth state in the country.
It has also the highest literacy rate among the states in India. Kerala has an HDI of 0.782 and a per capita income of $2,767, making it one of the most developed states in India in 2023.
The state’s service sector accounts contribute around 63% of its total revenue. The primary industries are the Hospitality industry, Tourism, Ayurveda & Medical Services, Pilgrimage, Information technology, Transportation, the Financial sector, Education, and more.
9. Maharashtra
GDP Per Capita: $2,606
Present in the western region of India Maharastra is the richest state of India. Mumbai is its biggest city as well as its capital city. Mumbai is the financial hub of Maharastra.
Maharashtra has a human development index (HDI) of 0.750 and a per capita income of $2,606, making it one of the most developed states in India in 2023.
The state’s economy primarily depends upon manufacturing, international trade, film and TV, aerospace, technology, petroleum, fashion, apparel, and tourism.
10. Arunachal Pradesh
GDP Per Capita: $2,596
Arunachal Pradesh is a northeastern state in India. It shares its border with Bhutan and Myanmar. It is one of the most geographically crucial regions for the country.
It has an HDI of 0.661 and a per capita income of $2,596, which is higher than the national average, making it one of the most developed states in India in 2023.
Arunachal Pradesh is an agrarian economy and the biggest industries are rice mills, fruit preservation and processing units, and handloom handicraft.
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