RBI’s latest Handbook of Statistics on Indian States shows Karnataka maintaining strong economic momentum with high income levels and robust GSDP growth.
Karnataka has reaffirmed its position as one of India’s strongest-performing economies, securing the fourth place in national GSDP rankings and achieving the highest per capita income in the country, according to the Reserve Bank of India’s newly released Handbook of Statistics on Indian States.
Karnataka’s GSDP Touches ₹28.83 lakh crore
For the financial year 2024-25, Karnataka’s Gross State Domestic Product is estimated at ₹28.83 lakh crore, placing it behind only Maharashtra, Tamil Nadu and Uttar Pradesh in overall economic size.
• Maharashtra leads the list with a massive ₹45.31 lakh crore GSDP.
• Tamil Nadu follows at ₹31.18 lakh crore.
• Uttar Pradesh, placed third, records ₹29.78 lakh crore.
Karnataka completes the top four, ahead of Gujarat, which also features in the national top five.
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State ranked No.1 in per capita income
One of the most striking highlights from the RBI data is Karnataka’s leading position in per capita income.
The state has recorded a per capita income of ₹3,80,906 for 2024–25, the highest in India.
Tamil Nadu follows next with ₹3,61,619, placing Karnataka firmly at the top of individual income levels.
Strong GSDP growth rate places Karnataka 4th nationally
Karnataka has also demonstrated impressive economic expansion, securing the fourth-highest GSDP growth rate in the country.
The state’s growth rate for 2024–25 stands at 12.8%, reflecting strong economic activity across sectors.
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Comparatively:
• Tamil Nadu’s growth rate is 16%, the highest among large economies.
• Uttar Pradesh records 12.7%, just below Karnataka.