Mohan Ramalingam’s Post

🚀 India’s Economic Powerhouses: Projected GDP for Top 10 States (FY 2024-25) 🌍 The Indian economy continues to thrive, and here are the projected GDP figures for the top 10 states, showcasing their contributions to the nation's growth story in FY 2024-25. 📊 From Maharashtra leading the pack with ₹ 42.67 lakh crore (13.3% of the national GDP) to Madhya Pradesh rounding out the top 10, these states represent the engines driving India’s prosperity. 🔍 Top 3 States: 1️⃣ Maharashtra - ₹ 42.67 lakh crore 2️⃣ Tamil Nadu - ₹ 31.55 lakh crore 3️⃣ Karnataka - ₹ 28.09 lakh crore For full details and insights, check out the chart below! 👇 Source: Forbes & PRS Legislative Research, Budget Estimates 2024-25 #IndiaEconomy #GDP #EconomicGrowth #IndianStates #DataDriven CA. Sanjeev Singh Thakur

📈 Visualizing India's Economic Landscape: State-wise GDP Trends (2021-2022) 📉 This map illustrates the Gross Domestic Product (GDP) trends across Indian states from 2021 to 2022. The color gradient represents the magnitude of GDP change, with darker shades indicating larger increases. There are significant variations in GDP growth across the country. Some states, particularly in the western and southern regions, have experienced substantial economic growth. In contrast, certain states in the eastern and central regions have seen relatively lower growth. Major metropolitan areas and industrial hubs, such as Maharashtra, Gujarat, and Tamil Nadu, generally exhibit higher GDP figures. This suggests a concentration of economic activity in these regions. Some states, traditionally considered less developed, are showing signs of economic progress. This could be attributed to various factors such as policy changes, infrastructure development, and industrial growth. Guide: Dr Aravinth R #Indianeconomy #EconomicGrowth #DataVisualization #RegionalDevelopment #mapchallenge

**India’s State-Wise GDP Contribution in 2024: Regional Insights** India’s economic landscape in 2024 shows significant regional disparities. Maharashtra leads with a **13.3%** contribution to the national GDP, followed by Tamil Nadu at **8.9%** and Uttar Pradesh at **8.4%**. These states drive growth through robust industrial, financial, and service sectors. A report from the **Economic Advisory Council (September 2024)** highlights that western and southern regions, including Maharashtra and Tamil Nadu, outperform the rest of the country. In contrast, the **eastern region**, especially **West Bengal**, faces economic challenges, with the state experiencing a steady decline in its relative economic performance over the years. This imbalance calls for targeted strategies to promote growth in underperforming regions, ensuring more equitable development across the country. #IndiaGDP2024 #MaharashtraEconomy #TamilNaduGrowth #UttarPradeshEconomy #WestBengalDecline #RegionalDisparities #IndianEconomy #EconomicGrowth #EasternIndia #SouthernIndia #WesternIndia #GDPContributions #EconomicDevelopment

India's economic growth rate and developmental growth rate are closely matched, with the real GDP growth rate estimated to be 8.2% in FY24, compared to the growth rate of 7.0% in FY23 ¹. The real GDP in the fourth quarter of 2023-24 is estimated to grow by 7.8%, indicating the sustenance of growth momentum in the financial year ¹. The nation has shifted to a modern economy, demonstrating increased global integration, and exporting a fifth of its output, a significant rise from one-sixteenth at independence ¹. The demographic transition, marked by a lower infant mortality rate and a consistent growth in literacy rates, further enhances India's advantageous position ¹. With improved income distribution, heightened employment rates, and globally competitive social amenity provisions, there is potential for India's per capita GDP to expand in the next 25 years, mirroring the growth seen in the preceding 75 years ¹.

India's economic continues to evolve, with states vying for growth, development, and a bigger slice of the national Gross Domestic Product pie. The latest data, as of September 2024, sheds light on the contribution of individual states to the country’s GDP, revealing significant regional disparities. This breakdown highlights not only the powerhouses driving India’s economy but also areas of concern where economic performance lags.

India needs to grow at a sustained pace of 7-10% for 20-30 years to escape the middle-income trap and become a developed nation with a per capita income of $18,000 per annum and the size of a $30 trillion economy by 2047 when the country celebrates its centenary anniversary of independence, the NITI Aayog (National Institution for Transforming India) said in an approach paper summarising its vision for 'Viksit Bharat'. "The GDP would have to grow 9 times from today’s $3.36 trillion and the per capita income would need to rise 8 times from today’s $2,392 per annum," the government's think tank said after its 9th Governing Council meeting attended by chief ministers and lieutenant governors. PM Modi, while addressing to the governing council of NITI Aayog, said, "India is a youthful country. It is a huge attraction for the entire world because of its workforce. We should aim to make our youth a skilled and employable workforce. Emphasis on skill, research, innovation and job-based knowledge is necessary for making 'Viksit Bharat'." #income #money #economy #gdp #growth #success #indianstartupnews

12 of the 766 districts in India contributes 50% of India’s GDP. 😳 While we are all fascinated with the headlines of 5 Trillion economy, 3rd Largest economy by 2027 etc. Rural India is reeling under pressure! Income and prosperity has continously gotten skewed towards the top of the pyramid since demonetisation in 2016 which further got aggravated by Covid. Fascinating to see the below data: Income tax returns > 1cr. has doubled in last 5 years Rural wage growth has been almost stagnant for last decade While Government’s Infra push and avoiding ‘freebies’ is the right direction, this disparity has played out in the poll results of 2024 lok sabha elections. Growth of 8-10% in MEDIAN per capita should be a key barometer for the government. Focus should be more on making the MEDIAN per capita @ 5K USD rather than just the headline (which anyways would be a consequent achievement). #ruralindia #india #GDP #financialmarkets #socioeconomic development

No Indian will want anything less than the best for the country or anything that will not make it a developed one. In fact we all want that very badly. And in a hurry, though that’s not bad in any way. But merely wishing or imagining won’t help us. And that’s a very ambitious target, (30 Tn). And not unattainable either. But, it’s a big BUT, it needs a lot of change to be brought in. Business as usual will not work. Almost everything will have to change. Our mentalities have to change. We have to unlearn a lot of things, white wash, maybe brainwash too, our minds, throw out the garbage that has come to be our psyche. support each other, stop pulling each other down. Shed the deep rooted feelings of jealousy they if I do this they will be the beneficiaries and not me, so why should I lend my support. In order to chuck out such mentalities we need to infuse new thoughts, may even need to replace people lock stock and barrel, put fresh minds in charge, minds that are almost robotic as to not tire of doing good continuously. Mere pumping up of emotions, charging up people’s emotions with lofty rhetoric will not help. Remember the official sloganeering and the forceful claims of the 70s that we ARE the best in the world and will be leading the country within a few years? Well they remained just that. We need to call for new ideas, open up areas where we’ve never set foot upon. We have to transform out tourism, combine all the best practices of the world. We have to open up newer modes of transport. New ways of entertaining ourselves and the world. Our manufacturing must open up to everything. Our aims must be extremely bold, targets sky high, efforts unrelenting, actions unwavering. There is much too much that we need to do and can’t be covered in a post like this or on this portal. But let us sow ideas, encourage bold steps, pledge support, motivate, participate, and cause things to happen. We need to see us moving in a new direction within the next year if we are to realize our targets by 2047.

Massive investments for innovations in emerging technologies & massive investment into infrastructure are the main two ways to escape middle income trap.

Annual Real GDP Growth estimates over 10 years India's stands at Top of the list.. #GDP #India Ray Dalio of Bridgewater Associates ( his LinkedIn profile given in first comment) has assessed various countries' future economic growth using 81 indicators, including labor, productivity, education and debt obligations. Please see the following chart. Ray Dalio has projected India's Annual Real GDP growth at 6.3% over next ten years which is highest. This is really a good news for India but crux of the matter lies in per capita GDP. Since India has already become most populous country in the world with current population at 144 crore which is projected to grow to 151 crore by 2034, the per capita GDP of India will still be much lower than several countries. All in all, India needs Annual Real GDP Growth rate of at least 8.5% and at the same time control on population explosion to become a developed country in real sense..