Karnataka becomes India’s top state in per capita income, surpasses Rs 2 lakh milestone

Karnataka has clinched the top spot among Indian states in terms of per capita income for the financial year 2024-25, as revealed by the latest data from the Ministry of Finance. The state's Net State Domestic Product (NSDP) per capita, calculated at constant prices, soared to Rs 2,04,605, making it the first in the country to breach the Rs 2 lakh benchmark.

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This achievement marks a remarkable financial upswing of 93.6% over a decade, with Karnataka’s per capita income being just Rs 1,05,697 in 2014-15. In comparison to the 2013-14 figure of Rs 1,01,858, the state witnessed an 88.5% growth by 2023-24.

Karnataka is followed by Tamil Nadu (Rs 1,96,309), Haryana (Rs 1,94,285), Telangana (Rs 1,87,912), and Maharashtra (Rs 1,76,678), underscoring a competitive race among India’s economically advancing states.

On the national scale, the per capita Net National Income (NNI) reached Rs 1,14,710 in 2024-25, a 57.6% jump from Rs 72,805 ten years ago. However, the figures also reflect significant inter-state economic imbalances, with some states surging ahead while others lag.

Karnataka’s performance highlights its economic dynamism and improved fiscal indicators, reflecting better income generation capacity and potential enhancement in quality of life.