Telangana, Tamil Nadu Lead in GSDP Growth

Context:

Telangana, Tamil Nadu, and Rajasthanhave reported the highest growth in realGross State Domestic Product (GSDP) for FY24among the ten largest states based on their GSDP, according to recent data from the Ministry of Statistics and Programme Implementation (MoSPI).

The services sector, which contributes significantly to theGross Value Added (GVA)of large states, has played a crucial role in this economic expansion.

Per Capita Income Trends

Recent data reveals an upward trend in per capita income across various states.

For FY23, Telangana’s per capita Net State Domestic Product (NSDP) at current prices was ₹3,08,732 reflecting significant economic progress.

Tamil Nadu’s per capita NSDP was ₹2,73,288, highlighting its robust economic performance as well.

State-wise Per Capita NSDP Data

The per capita NSDP data for FY23 shows a diverse economic landscape across states:

Andhra Pradesh: ₹2,19,518

Haryana: ₹2,96,685

Karnataka: ₹3,01,673

Kerala: ₹2,28,767

Maharashtra: ₹2,42,247

Rajasthan: ₹1,56,149

Tamil Nadu: ₹2,73,288

Telangana: ₹3,08,732