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Home >>State Economies in India
State Economies in India
State Economies in India depends on agricultural, industrial, IT, handicrafts, textile, tourism, and fishing products sectors. The Economy of the states in India depends most on the agricultural sector as this sector employs around 60% of the population of the country. The country ranks 2nd in the output of farm in the world. The agricultural sector accounted for GDP at around 18.6% in 2005. The total production of agricultural produce has been increasing in the Indian states due to the advancements made in the irrigation, modern practices of agriculture, and technology. Thus the agricultural sector has given a major boost to the Economy of the states in India. The Indian states where the agricultural sector has contributed the most to the economy are Madhya Pradesh, Goa, Mainpur, Nagaland, and Uttarakhand.
The Economy of the various states in India gets its revenue from the industrial sector. India ranks 14th in the factory output across the world. The industrial sector in India provides employment to around 17% of the workforce and accounts for around 27.6% in terms of GDP. The major industries in the Indian states are of steel, chemicals, automobiles, pharmaceuticals, sanitary, and food processing. The industrial sector has contributed a great deal to the growth of the Economy of States of India. The states in India where the industrial sector has contributed the most to the economy are Rajasthan, Madhya Pradesh, Nagaland, and Arunanchal Pradesh.
The Economy of the states of India also depends for its revenue on the IT sector. With the country emerging as the leader in this sector, the economy of the states are getting a major boost from this sector. The Economy of States of India gets its revenue from the tourism sector. The states in India whose economy gets the most revenue from this sector are Goa, Rajasthan, Andaman Nicobar Islands, and Jammu & Kashmir. Various other sectors such as handicrafts, textile, and fishing products has also contributed to the growth of the Economy of the Indian states.
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