The economy of South India conformed to a socialist framework, with strict governmental control over private sector participation, foreign trade, and foreign direct investment. Over 48% of South India’s population is engaged in agriculture, which is largely dependent on seasonal monsoons.
Andhra Pradesh – The state is located on India’s southeast coast, ranks among India’s most business-friendly states. Chief Minister Chandrababu Naidu is leading an ambitious reform agenda to rebuild Andhra Pradesh’s economy, attract investment, pilot policy reforms and drive innovation. The plans for major state-building projects include a greenfield capital city in Amravati, large-scale solar capacity, a new fintech hub in Visakhapatnam (already boasting the state’s highest per capita income) and the Polavaram river-linking irrigation project to drought-proof the state.
Karnataka – The state’s capital Bengaluru dominates the state economy. Bengaluru is the fourth-largest, and the second-fastest growing, technology cluster in world. The city is the epicentre of India’s IT, IT-enabled services, pharmaceuticals and biotechnology sectors, the home of India’s highly successful space program, and India’s largest start-up ecosystem. The state has significant mineral resources, including reserves of gold, iron ore, limestone, manganese ore, bauxite, granite and felsite (with Karnataka being India’s sole producer). Karnataka faces considerable sustainability challenges, particularly with respect to water resources.
Kerela – The States accounts for India’s highest literacy rate of 94 per cent. Consistently high levels of health and education spending have earned the state its reputation as India’s most socially progressive. The state also attracts large numbers of domestic and foreign tourists, with its 580 km coastline, vast network of backwaters and several hill stations. Kerala’s economy is dominated by the services sector, which constitutes 64 per cent of GSDP. The real estate, tourism, health and transport sectors are among the most buoyant. The production of some of the major spices cultivated in the state, including pepper, cardamom and ginger has declined. Rapid urbanisation is putting pressure on transportation, housing, drinking water and solid waste management.
Tamil Nadu – Tamil Nadu is India’s second largest economy and a leading industrialised state. The state, through a sound agricultural base, rapid industrial growth and a robust welfare system, has risen to the top of India’s economic and human development rankings. It has delivered among the highest per capita incomes, the best health indicators and lowest poverty rates in India. Its capital Chennai is the centre of Indian automobile and component manufacturing and one of the world’s top 10 automotive hubs. The state has achieved stable law and order, a high-quality and free universal healthcare system, tourism appeal and a well-functioning public service.
Telangana – The southern landlocked state of Telangana is India’s newest state, having been carved out from Andhra Pradesh in 2014. It is also one of India’s fastest growing, with an average GSDP growth rate of 9.5 per cent in the three years following the state’s formation. Telangana’s capital and economic epicentre is the IT, pharmaceuticals and Telugu-language film hub of Hyderabad, India’s sixth largest metropolis and a home to major corporates including Facebook, Google, Apple and Microsoft. The city will remain the joint capital with Andhra Pradesh until 2024.
Andaman and Nicobar Islands – The economy of Andaman and Nicobar islands consists of agriculture, trade, commerce, fishing and industry. Currently small quantity of paddy, sugarcane, banana, sweet potato, papaya, rabi pulse and vegetables are cultivated. But they are not sufficient for people so most of them are imported from main land India. Andaman and Nicobar Islands have a total cropped area of over 16,500 ha, with major crops including coconut, paddy, banana and areca nut. The Islands provide opportunities for handicrafts industries due to high demand from the visiting tourists.
Andhra Pradesh – The state is located on India’s southeast coast, ranks among India’s most business-friendly states. Chief Minister Chandrababu Naidu is leading an ambitious reform agenda to rebuild Andhra Pradesh’s economy, attract investment, pilot policy reforms and drive innovation. The plans for major state-building projects include a greenfield capital city in Amravati, large-scale solar capacity, a new fintech hub in Visakhapatnam (already boasting the state’s highest per capita income) and the Polavaram river-linking irrigation project to drought-proof the state.
Karnataka – The state’s capital Bengaluru dominates the state economy. Bengaluru is the fourth-largest, and the second-fastest growing, technology cluster in world. The city is the epicentre of India’s IT, IT-enabled services, pharmaceuticals and biotechnology sectors, the home of India’s highly successful space program, and India’s largest start-up ecosystem. The state has significant mineral resources, including reserves of gold, iron ore, limestone, manganese ore, bauxite, granite and felsite (with Karnataka being India’s sole producer). Karnataka faces considerable sustainability challenges, particularly with respect to water resources.
Kerela – The States accounts for India’s highest literacy rate of 94 per cent. Consistently high levels of health and education spending have earned the state its reputation as India’s most socially progressive. The state also attracts large numbers of domestic and foreign tourists, with its 580 km coastline, vast network of backwaters and several hill stations. Kerala’s economy is dominated by the services sector, which constitutes 64 per cent of GSDP. The real estate, tourism, health and transport sectors are among the most buoyant. The production of some of the major spices cultivated in the state, including pepper, cardamom and ginger has declined. Rapid urbanisation is putting pressure on transportation, housing, drinking water and solid waste management.
Tamil Nadu – Tamil Nadu is India’s second largest economy and a leading industrialised state. The state, through a sound agricultural base, rapid industrial growth and a robust welfare system, has risen to the top of India’s economic and human development rankings. It has delivered among the highest per capita incomes, the best health indicators and lowest poverty rates in India. Its capital Chennai is the centre of Indian automobile and component manufacturing and one of the world’s top 10 automotive hubs. The state has achieved stable law and order, a high-quality and free universal healthcare system, tourism appeal and a well-functioning public service.
Telangana – The southern landlocked state of Telangana is India’s newest state, having been carved out from Andhra Pradesh in 2014. It is also one of India’s fastest growing, with an average GSDP growth rate of 9.5 per cent in the three years following the state’s formation. Telangana’s capital and economic epicentre is the IT, pharmaceuticals and Telugu-language film hub of Hyderabad, India’s sixth largest metropolis and a home to major corporates including Facebook, Google, Apple and Microsoft. The city will remain the joint capital with Andhra Pradesh until 2024.
Andaman and Nicobar Islands – The economy of Andaman and Nicobar islands consists of agriculture, trade, commerce, fishing and industry. Currently small quantity of paddy, sugarcane, banana, sweet potato, papaya, rabi pulse and vegetables are cultivated. But they are not sufficient for people so most of them are imported from main land India. Andaman and Nicobar Islands have a total cropped area of over 16,500 ha, with major crops including coconut, paddy, banana and areca nut. The Islands provide opportunities for handicrafts industries due to high demand from the visiting tourists.