Karnataka emerged as the top state in terms of per capita Net State Domestic Product (NSDP) for 2024–25, with an impressive ₹3.81 lakh per person. Telangana followed closely at ₹3.80 lakh.
Published Apr 07, 2025 | 2:11 PM ⚊ Updated Apr 07, 2025 | 2:11 PM
Financial growth. Representative image. (iStock.)
Synopsis: The Union Ministry of Statistics and Programme Implementation released the state-wise data on GSDP, NSDP, and per capita NSDP. Southern states have fared well in all areas.
According to the data released by the Union Ministry of Statistics and Programme Implementation, Maharashtra retained its position as India’s top state in terms of Gross State Domestic Product (GSDP), with an estimated GSDP of ₹45.31 lakh crore for 2024–25, up from ₹40.56 lakh crore in 2023–24. Tamil Nadu followed, with ₹31.03 lakh crore, showing a sharp rise from ₹27.21 lakh crore last fiscal.
The report, based on the data available till 17 March, indicated that Karnataka remained in third place with ₹28.83 lakh crore, while West Bengal and Rajasthan rounded out the top five, posting ₹18.15 lakh crore and ₹17.04 lakh crore respectively.
Among South Indian states, Telangana overtook Andhra Pradesh with an estimated GSDP of ₹16.12 lakh crore, compared to Andhra’s ₹15.93 lakh crore. Kerala’s latest GSDP figures for 2024–25 were unavailable, but it recorded ₹10.22 lakh crore in 2023–24.
In terms of GSDP growth rate (inflation-adjusted), Tamil Nadu led the nation with a robust 9.69 percent, followed by Andhra Pradesh at 8.21 percent, and Assam at 7.94 percent. Rajasthan (7.82%) and Haryana (7.55%) also featured among the top five.
Among the southern states, Karnataka registered a growth of 7.37 percent, Telangana 6.79 percent and Kerala 6.61 percent for 2023–24. Kerala’s 2024–25 growth data has yet to be released.
Maharashtra is also the top contributor to the country’s economy in terms of Net State Domestic Product (NSDP) for 2024–25, with a robust ₹39.57 lakh crore, rising from ₹35.38 lakh crore in 2023–24. Tamil Nadu retained its second position with ₹27.65 lakh crore, followed by Karnataka at ₹26.03 lakh crore.
West Bengal and Rajasthan completed the top five list, clocking ₹16.32 lakh crore and ₹15.24 lakh crore respectively.
Among southern states outside the top five, Telangana posted ₹14.57 lakh crore, edging out Andhra Pradesh at ₹14.23 lakh crore. Kerala’s NSDP for 2024–25 is not yet available, but the state recorded ₹9.01 lakh crore in 2023–24.
In terms of NSDP growth rate, Tamil Nadu led with 9.55 percent, followed by Andhra Pradesh (8.41%), Odisha (8.24%), Rajasthan (8.03%), and Assam (7.83%). Chhattisgarh and the Union Territory of Jammu and Kashmir also made it to the top tier with a growth rate of 7.45 percent each.
Among other South Indian performers, Karnataka grew by 7.25 percent and Telangana by 6.67 percent. The 2023-24 data of Kerala showed a 7.16 percent growth.
The figures indicate that southern states continue to show solid economic fundamentals, with Tamil Nadu and Andhra Pradesh driving momentum both in terms of output and growth.
Meanwhile, Karnataka emerged as the top state in terms of per capita Net State Domestic Product (NSDP) for 2024–25, with an impressive ₹3.81 lakh per person. Telangana followed closely at ₹3.80 lakh, placing both states ahead of traditionally dominant economies like Maharashtra and Haryana.
Tamil Nadu stood third with ₹3.58 lakh, while Haryana and Maharashtra reported ₹3.53 lakh and ₹3.09 lakh respectively. Uttarakhand rounded off the top performers with ₹2.74 lakh.
Southern states clearly dominated the rankings, with three of them among the top seven.
Among the other southern states, Andhra Pradesh recorded ₹2.66 lakh per capita NSDP, while Kerala’s latest figure is unavailable.
However, Kerala registered ₹2.80 lakh per capita NSDP in 2023–24, indicating its continued presence among the better-performing states in terms of individual income.
