GDP, or the gross domestic product, is a parameter to measure the value of all goods and services produced in a particular region. As for GDP per capita, it is a measure that represents the average economic output, or Gross Domestic Product (GDP), per person in a country. It is estimated by dividing the total GDP of a country by its population. Both these parameters gave an excellent notion of how much wealth the population holds in a particular region.
Therefore, a ranking by the GDP of Indian states is a good way to figure out our country"s richest and poorest states.
First Published: Sep 19, 2024, 09:45
Subscribe Now