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Which is the strongest economy among South Indian states?


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https://www.businesstoday.in/latest/economy/story/which-is-the-strongest-economy-among-south-indian-states-heres-how-karnataka-tn-ap-kerala-and-telangana-stack-up-380158-2023-05-05

 

Which South Indian state in India has strongest economy?

According to the data by the Reserve Bank of India (RBI), and economic surveys of these states, the five southern Indian states have over 30 per cent share of India’s GDP.

 

Representative image Representative image

Karnataka, Tamil Nadu, Andhra, Kerala, and Telangana have topped the list of states in contributing to the nation’s economic growth.

According to the data by the Reserve Bank of India (RBI), and economic surveys of these states, the five southern Indian states have over 30 per cent share of India’s GDP, reported Business Today.

As per details, Tamil Nadu, with a GSDP of  24.8 lakh crore at current prices, is the biggest economy in south India. Its is followed by Karnataka at  22.4 lakh crore, Telangana at  13.3 lakh crore, Andhra Pradesh at  13.2 lakh crore and Kerala with 10 lakh crore GSDP.

Here are other factors on which these states exceed:

1) Per capita Income: on this parameter, in FY 2022, Telangana recorded the highest per capita income of  2,75,443. It was followed by Karnataka with 2,65,623, Tamil Nadu with  2,41,131, Kerala with  2,30,601, and lastly Andhra Pradesh with  2,07,771 among five major south Indian states. Combining the five states, they have higher per capita income than the national average of  1,50,007.

2) Lower debt-to-GDP ratio: Telangana has the lowest debt to GSDP ratio of 25.3%, followed by Karnataka (27.5%), Tamil Nadu (27.7%), Andhra Pradesh (32.8%), and Kerala (37.2%).

3) State Tax Revenues: On this parameter, Tamil Nadu tops with the highest tax revenues of  1,26,644 crore, followed by Karnataka ( 1,11,494 crore), Telangana ( 92,910 crore), Andhra Pradesh ( 85,265 crore), and Kerala ( 71,833 crore).

4) Gross Fiscal Deficit (GFD): In relation with fiscal discipline, Karnataka has the lowest fiscal deficit (2.8%), and followed by Andhra Pradesh (3.2%), Tamil Nadu (3.8%), Telangana (3.9%) and . Kerala (4.2%).

5) Interest Payments to Revenue Receipts ratio: Among the south Indian states, Telangana (11.3%) has the lowest interest payments ratio, followed by Karnataka (14.3%), Andhra Pradesh (14.3%), Kerala (18.8%) and Tamil Nadu (21%).

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34 minutes ago, MiryalgudaMaruthiRao said:

fake

 

Figures might have been somewhat manipulated but the core message is clear. South India dominates in every aspect. The stats and figures of UP, Bigar, Waste Bengal, Orissa and Assam skew up the national data completely 

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