India, with a GDP of 8.80 trillion, stands at the Number 3 position in the list of World’s Richest Countries.
Gross Domestic Product (GDP) is a traditional tool used by the analysts to measure the richest countries in the world. But New World Wealth says the traditional method is fallible and not accurate as a high GDP does not necessarily translate to high wealth.
As per the 2016 ranking by worldsrichestcountries.com, India, with a GDP of 8.80 trillion, stands at the Number 3 position in the list of World’s Richest Countries.
Forbes reported that though the number of millionaires in India went up by over 400 percent during the 2000 to 2015 period, a lot of people in the country are still living well below the poverty line. During the same period, the total wealth in the country went up by 211 percent.
Here, we present you a list of top 10 states and union territories that make India rich:
|Ranking||State/UT||GDP in 2014-15|
|1||Maharashtra||Rs 16.8 lakh crore|
|2||Tamil Nadu||Rs 9.76 lakh crore|
|3||Uttar Pradesh||Rs 9.76 lakh crore|
|4||West Bengal||RS 8.00 lakh crore|
|5||Gujarat||Rs 7.66 lakh crore|
|6||Karnataka||Rs 7.02 lakh crore|
|7||Rajasthan||Rs 5.7 lakh crore|
|8||Andhra Pradesh||Rs 5.20 lakh crore|
|9||Madhya Pradesh||Rs 5.08 lakh crore|
|10||Delhi||Rs 4.51 lakh crore|