These five southern indian states—Karnataka, tamil Nadu, Andhra, kerala, and Telangana—are among the key drivers of the country's economic expansion. The GDP of these five states accounts for more than 30% of all of India. According to information from the reserve bank of india (RBI) and economic surveys conducted in these states, tamil Nadu had the largest economy in south india in FY23, with a GSDP of Rs 24.8 lakh crore at current prices. tamil Nadu was followed by karnataka, telangana, andhra pradesh, and kerala, which each had GSDPs of Rs 13.3 lakh crore, Rs 13.2 lakh crore, and Rs 10 lakh crore.

In addition to the economy's size, we have gathered information on per capita income, state debt, tax revenue, interest payment ratio, and fiscal deficit to determine which state in the South has the strongest economy. What we do know is this:

Telangana had the highest per capita income in FY22 with a total of Rs 2,75,443. While karnataka is in second place with Rs 2,65,623. In order of lowest per capita income among the five major south indian states, Andhra Pradesh comes in last with Rs 2,07,771, followed by tamil Nadu with Rs 2,41,131, kerala with Rs 2,30,601, and Kerala. Although the national average per capita income is Rs 1,50,007, all of these states have higher per capita incomes.

A lower debt-to-GDP ratio denotes a state's economy's stronger financial situation, and it is a key metric for assessing the economy's financial health. Telangana has the lowest debt-to-GSDP ratio of the five major south indian states, at 25.3%, followed by karnataka (27.5%), tamil Nadu (27.7%), andhra pradesh (32.8%), and kerala (37.2%) at the bottom of the list.

State Tax Revenues: According to Budget Estimates (BE) of the State's tax collections for FY22, tamil Nadu is in first place with the highest tax revenues of Rs 1,26,644 crore. karnataka is second with Rs 1,11,494 crore, followed by telangana with Rs 92,910 crore, andhra pradesh with Rs 85,265 crore, and kerala with Rs 71,833 crore. Increased tax revenues suggest that the state may invest more in enhancing its infrastructure, healthcare system, and educational system.

మరింత సమాచారం తెలుసుకోండి:

telangana economy

G GOWTHAM

09/05/2023 11:17 AM