Last updated on: June 24, 201412:47 IST
While Maharashtra takes the top slot as the biggest revenue generator in the country, the states that rank second and third will surprise you.
Check out the states that contribute substantially to the exchequer.
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Note: These tax revenues are based on the projections furnished by respective state governments for the five year period between 2010 and 2015. Click here to get the Finance Ministry document.
Tags: Thirteenth Finance Commission , India
10 states that make India rich
Image: Bollywood actress Shilpa Shetty poses outside the Bombay Stock Exchange building.
Photographs: Reuters
Maharashtra
Rank: 1
Tax Revenue: Rs 4,51,800 crore ($76 billion)
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10 states that make India rich
Image: Hyderabad Metro.
Photographs: Courtesy, L&T Metro Rail
Andhra Pradesh
Rank: 2
Tax Revenue: Rs 3,23,400 crore ($54 billion)
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10 states that make India rich
Image: A girl cycles on a foggy and cold winter morning in Allahabad.
Photographs: Jitendra Prakash/Reuters
Uttar Pradesh
Rank: 3
Tax Revenues: Rs 2,96,400crore($50 billion)
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Tags: Uttar Pradesh , India
10 states that make India rich
Image: Employees sew clothes at the Estee garment factory in Tirupur, Tamil Nadu
Photographs: Mansi Thapliyal/Reuters
Tamil Nadu
Rank: 4
Tax Revenues: Rs 2,73,400 crore ($46 billion)
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10 states that make India rich
Image: Commuters ride inside a carriage of a Namma Metro train as it travels along an elevated track in the Indira Nagar area of Bangalore.
Photographs: Vivek Prakash/Reuters
Karnataka
Rank: 5
Tax Revenues: Rs 2,52,600 ($42 billion)
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10 states that make India rich
Image: Assembly plant in the Nano factory, Sanand.
Photographs: Amit Dave/Reuters
Gujarat
Rank: 6
Tax Revenues: Rs 1,79,600 crore ($30 billion)
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10 states that make India rich
Image: A yellow ambassador taxi crosses the Vidyasagar Setu bridge in Kolkata.
Photographs: Rupak De Chowdhuri/Reuters
West Bengal
Rank: 7
Tax Revenues: Rs 1,69,900 crore ($29 billion)
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10 states that make India rich
Image: Jaipur Metro
Photographs: Rohit Jain
Rajasthan
Rank: 8
Tax Revenues: Rs 1,50,700 crore ($25 billion)
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10 states that make India rich
Image: Technopark, Thiruvananthapuram
Photographs: Courtesy, Technopark
Kerala
Rank: 9
Tax Revenues: Rs 1,38,200 crore ($23 billion)
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Tags: India
The article you're referring to highlights the top 10 states in India contributing significantly to the country's tax revenues. It touches upon the states' rankings based on their respective tax revenues during a five-year period from 2010 to 2015. The states are ranked in terms of their financial contributions to the Indian exchequer, shedding light on their economic prowess during that period.
Here's a breakdown of the concepts and states mentioned in the article:
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Maharashtra: Ranked first, generating tax revenue amounting to Rs 4,51,800 crore ($76 billion). Maharashtra's economic prowess, largely driven by industries such as Bollywood, finance, and manufacturing, solidifies its top position.
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Andhra Pradesh: Ranked second, contributing Rs 3,23,400 crore ($54 billion) to the tax revenues. With sectors like IT, agriculture, and pharmaceuticals, Andhra Pradesh significantly bolstered the nation's revenue.
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Uttar Pradesh: Third in rank, generating tax revenues of Rs 2,96,400 crore ($50 billion). Uttar Pradesh's economic strength, driven by agriculture, manufacturing, and services, played a pivotal role in the nation's finances.
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Tamil Nadu: Ranked fourth, contributing Rs 2,73,400 crore ($46 billion) to the tax revenues. The state's industries, including textiles, automotive, and technology, played a substantial role in India's economic landscape.
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Karnataka: Fifth in rank, with tax revenues amounting to Rs 2,52,600 crore ($42 billion). Karnataka's IT hub in Bangalore and diverse industries significantly contributed to the country's finances.
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Gujarat: Ranked sixth, generating tax revenues of Rs 1,79,600 crore ($30 billion). Gujarat's industrial and manufacturing prowess, including sectors like petrochemicals and textiles, made a significant fiscal contribution.
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West Bengal: Seventh in rank, contributing Rs 1,69,900 crore ($29 billion) to the tax revenues. Industries like agriculture, manufacturing, and services played a role in the state's economic contribution.
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Rajasthan: Ranked eighth, with tax revenues amounting to Rs 1,50,700 crore ($25 billion). Rajasthan's economy, supported by agriculture, tourism, and minerals, added to the national revenue pool.
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Kerala: Ninth in rank, generating tax revenues of Rs 1,38,200 crore ($23 billion). Kerala's economic landscape, driven by sectors like tourism, IT, and agriculture, contributed to the national finances.
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Haryana: Tenth in rank, contributing Rs 1,36,300 crore ($23 billion) to the tax revenues. Haryana's robust manufacturing, agriculture, and services sectors played a role in its economic contribution.
The rankings are based on the projections provided by the respective state governments during the mentioned five-year period. Each state's economic diversity and industrial strengths helped shape India's financial landscape during that time frame.