Top 10 Most Developed States in India 2020

With India being one of the biggest start-up economies in the world, there are many states in the country that offer just the right infrastructure for young companies to thrive. Thus, it’s crucial to know about the most developed states in India and map them with your needs to see whether they offer the right market for your start-up to grow. With that in mind, let’s take a look at the top 10 most developed states in India in 2020:

Telangana

Telangana is an emerging IT hub with wonderful resources, making it a great option for you to launch your company. Being one of the fastest growing states in India, it recorded an average annual growth rate of 13.90% in the last five years. The capital city of Hyderabad is a hub for Information Technology (IT) and the pharma sector, because of which, you will find skilled professionals easily. The pleasant weather conditions of the state are a huge bonus.

Goa

Goa is a huge tourist hub which is why it has seen rapid development in the last decade. What makes it interesting is that it offers a blend of nature and urban development, which is quite rare. One of the biggest advantages of living here is that housing is fairly cheap.

Haryana

Although most people picture farmers and fertile land when they think of Haryana, you mustn’t think this state only has open fields to offer. Haryana is one of the most economically developed states in South Asia, with a strong portfolio in the manufacturing industry. It is the largest manufacturer of cars, bikes, tractors, and refrigerators in India. The state is also the first to electrify all of its villages.

Uttar Pradesh

This state has some of the top educational facilities, with cities like Lucknow and Universities like BHU within its borders. The state’s climate and resources are best suited for investments in diverse economic sectors like Information Technology (IT), agro-based and food processing, engineering and sports goods, textiles, leather-based, and tourism. This is why it’s a great state in terms of finding great employees for your start-up.

Rajasthan

Rajasthan is not only India’s largest state, but it is also the energy hub of the country. It’s industrial and financial development is certainly something that has put it on the map with regards to development.

Andhra Pradesh

Andhra Pradesh has great infrastructure, making it one of the cities to watch out for in the coming year. Its markets are relatively untapped, making them great for new business.

Karnataka

Home to India’s answer to Silicon Valley, it’s no surprise that Karnataka is one of the most developed states in India. A great IT hub and filled with lots of industries, Karnataka often ranks as one of the top 3 cities when talking about development.

Maharashtra

With a GDP of roughly $190 Billion, Maharashtra is one of the most developed states and ranks high as an enabler state – which means that it offers people a host of opportunities. The state is responsible for 40% of India’s national income, making it a great hub for business owners and employees alike.

Kerala

God’s Own Country isn’t just about its natural beauty – it is the most developed state in terms of the literacy rate and the health facilities that are available here. It has a huge IT park called Technopark Trivandrum, which is home to over 200 companies.

Tamil Nadu

Tamil Nadu has great infrastructure and is also an affordable state to live in when compared with the likes of Mumbai and Bengaluru.

So which state will  you explore in 2021?