Maharashtra is India’s richest state. Mumbai, the state capital, is also known as the country’s economic hub. Maharashtra’s total GDP is 27.96 lakh crores. It is the country’s third most urbanized state, with 45 percent of the people living in cities. Maharashtra ranks first among India’s wealthiest states.
In 2020, which state will have the greatest GDP?
California’s gross domestic product (GDP) was around 3.09 trillion dollars in 2020, making it the state that contributed the most to the country’s GDP that year. Vermont, on the other hand, had the lowest GDP in the country, with 32.8 billion dollars.
Which Indian state is the poorest?
Nov. 26th, New Delhi: According to the NITI Aayog’s Multidimensional Poverty Index, Bihar, Jharkhand, and Uttar Pradesh are the poorest states in India (MPI). According to the MPI, 51.91 percent of Bihar’s population is poor, making it the poorest state in the country.
Which Indian state is the tenth richest?
Many of the states on this list are located on the coast or on the borders of neighboring countries, making them ideal for trade and transit. Madhya Pradesh, on the other hand, is located in central India and is one of the country’s fastest-growing states. The abundance of natural resources, such as agricultural products, fuel, and minerals, is one of the reasons why this portion of India’s economy is so robust. Honey production is also a major industry in the state. Madhya Pradesh is India’s second-largest state in terms of land area and fifth-largest in terms of population.
Which Indian city has the most billionaires?
New Delhi: According to the Hurun Global Rich List 2022, Mumbai has the most number of billionaires in the country, with 72 billionaires. The Hurun Global Rich List for 2022 included 3,381 billionaires from 2,557 businesses in 69 countries. Around 2,071 billionaires saw their fortunes rise, with 490 of them being newcomers. Meanwhile, 942 billionaires saw their fortunes decline, with 129 drop-offs and 35 billionaires dying. Around 368 billionaires saw their fortunes remain unchanged.
Which state has the most prosperous economy?
Utah’s economy has been a powerhouse in recent decades, which is why it is ranked first. Utah’s GDP increased by 19.1% in the last five years, the second-highest growth rate among the 50 states during that time period. From roughly $123.47 billion in 2010 to a yearly average of $168.62 billion in 2020 (with 2020 including the pandemic’s most severe impact), Utah’s real GDP increased by more than a third (36.6 percent). Utah’s economy has grown by 82 percent in the last 20 years, from $92.62 billion in annual real GDP in 2000 to over $169 billion in 2020.
Which state has the most prosperous economy?
In the third quarter of 2020, real GDP increased in all 50 states and the District of Columbia. According to the Bureau of Economic Analysis, the United States’ overall real GDP expanded at a rate of 33.4 percent each year. The annual growth rate of real GDP in each state ranged from 19.2 percent in D.C. to 52.2 percent in Nevada. In the second quarter of 2020, real GDP decreased significantly in all 50 states and D.C., ranging from -20.4 percent in D.C. to -42.2 percent in Hawaii and Nevada.
The considerable increases in GDP from Q2 to Q3 indicate ongoing attempts to reopen enterprises and resume economic activity that had been halted due to the COVID-19 outbreak. Healthcare and social assistance, durable goods manufacturing, and lodging and food services were the biggest contributors to the increase in real GDP at the national level. Healthcare and social aid grew at a rate of 75.1 percent nationwide, and was the largest contributor in 26 states.
California ($3,120,386), Texas ($1,772,132), New York ($1,705,127), Florida ($1,111,614), Illinois ($875,671), Pennsylvania ($788,500), Ohio ($683,460), Washington ($632,013), Georgia ($627,667), and New Jersey ($625,659) are the ten states with the highest GDPs (in millions of dollars). California, Texas, New York, and Florida are the four states that contribute more than $1 trillion to the US GDP. With a GDP of $3,120,386,000,000, California has the highest GDP of any state, accounting for nearly 14.7 percent of the country’s overall GDP. With $1,772,132,000,000 in GDP, Texas is in second place, accounting for 8.4% of the country’s total.
What is the fastest expanding city on the planet?
Investors are drawn to growing cities for a variety of reasons. A huge (and often inexpensive) workforce, a large client base, and measures taken to support this growth, such as new housing and infrastructure projects, are among the benefits they provide. The UN World Urbanisation Prospects deems Delhi, Shanghai, Dhaka, Kinshasa, Chongqing, Lahore, Bangalore, Lagos, Cairo, and Beijing to be the 10 fastest-growing countries between 2015 and 2020, based on the number of new inhabitants each hour. Each of them is profiled here.
Which Indian city is the poorest?
In 105 developing nations, 1.34 billion people live in multidimensional poverty. According to the 2018 Global Multidimensional Poverty Index, Sub-Saharan Africa and South Asia account for 83 percent (more than 1.1 billion) of the world’s total multidimensional poor people (MPI).
Despite moving 271 million people out of poverty between 2005-06 and 2015-16, India still has the highest number of people living in multidimensional poverty (364 million).
Nigeria (97 million), Ethiopia (86 million), and Bangladesh are the next largest countries (67 million). Nigeria and the Democratic Republic of Congo, for example, are expected to account for more than 40% of the world’s poorest population by 2050.
Almost two-thirds of children in Sub-Saharan Africa are multidimensionally poor.
Worryingly, the region is home to 56% of the world’s seriously impoverished population, with 342 million people living in extreme poverty.
The global MPI, which was created by the UN Development Programme and the Oxford Poverty and Human Development Initiative in 2020, is based on ten key indicators such as nutrition, sanitation, housing, and years of schooling.
According to the index, 46% of all impoverished people (612 million) are deficient in at least half of the indicators. These folks are extremely impoverished, falling well below the MPI poverty line.
Despite the fact that these unclean cooking fuels are harmful, about 90% of the 1.3 billion MPI poor people rely on wood, dung, coal, or charcoal for cooking. Similarly, four out of every five MPI poor individuals do not have access to basic sanitation, such as a composting toilet, a protected pit latrine, or a toilet that flushes to the sewage system.
According to the 2018 Global MPI, children under the age of 18 account for nearly half of the multidimensionally poor (49.9% or 666 million). 40% of the 666 million children living in multidimensional poverty during their childhood are living in severe poverty. “The report notes that “the high prevalence of child poverty is a clarion cry for action.”
In 2015-16, India’s MPI poor were more over 364 million, outnumbering the populations of Germany, France, the United Kingdom, Spain, Portugal, Italy, the Netherlands, and Belgium combined.
In 2015-16, 27.5 percent of India’s population was classified as multidimensionally poor, with 8.6 percent of the population living in extreme poverty. Poor nutrition is the leading cause of multidimensional poverty in practically every state. According to the MPI research, child mortality (3.3%) and a lack of adequate access to clean water (2.8%) are the least contributory factors. There is a concentration of impoverished people when it comes to poverty “There is a distinct split between areas in southern and north-central India.”
Only two of Maharashtra’s, Telangana’s, Andhra Pradesh’s, Karnataka’s, Tamil Nadu’s, and Kerala’s 134 districts have poverty rates exceeding 40%. The situation in central and northwest India, on the other hand, is rather different. 20.8 million people live in the poorest districts of Bihar, and 10.6 million dwell in the worst districts of Uttar Pradesh, out of the 40.4 million people who live in districts where more than 60% of the population is impoverished.
Alirajpur district in Madhya Pradesh has the poorest population in the country, with 76.5 percent of the population living in poverty.
The elimination of all forms of poverty is regarded as a “essential condition for long-term progress” and “the largest global task.” According to the MPI report, it would require appropriate policy analysis, sustained attention from governments and civil society organizations, and creative leadership from donors.