Top 10 Indian States with the Highest Number of ₹1 Crore+ Annual Income Earners
India’s high-income story is changing faster than ever. What was once limited to a few metros is now spreading across states as new cities, industries, and investments quietly create a growing base of ₹1-crore-plus earners.
1. Maharashtra 1,24,800
Maharashtra leads India’s high-income landscape, driven by Mumbai and Pune. Mumbai is home to billionaires, GCCs, luxury real estate, and financial hubs, while Pune fuels IT, startups, and manufacturing. With around 1.78 lakh millionaire households and 40% of India’s FDI, the state also ranks among the top startup ecosystems with 29,000+ startups and contributes strongly to exports in automobiles, engineering, pharma, and IT services.
2. Uttar Pradesh 24,050
Uttar Pradesh is climbing India’s wealth ladder, led by Noida, Greater Noida, Lucknow, and Kanpur. Noida and Greater Noida drive IT, electronics, real estate, and startups, while Lucknow and Kanpur grow through defence manufacturing and MSMEs. The state attracted $683 million in FDI, has 11 new investment proposals worth ₹13,610 crore, 18,500+ startups, and exports of around ₹1.86 lakh crore. The Defence Industrial Corridor, with ₹34,000 crore in investments, is boosting manufacturing and industrial growth.
3. Delhi 20,500
Delhi’s high-income base is driven by its services-heavy economy and the wider NCR, with New Delhi, Gurugram, and Noida as the main wealth engines. The region has 20,500 individuals earning above ₹1 crore and attracts steady FDI into technology, retail, and infrastructure. Gurugram and Noida host growing startups and innovation hubs, while real estate remains a key wealth asset. With a dense concentration of HNIs, corporate headquarters, GCCs, and professional services, Delhi continues to generate high salaries, business income, and opportunities for its affluent population.
4. Madhya Pradesh 8,666
Madhya Pradesh’s high-income base is growing through industrial expansion, led by Indore and Bhopal. Indore drives manufacturing, MSMEs, startups, and real estate, while Bhopal grows through services and infrastructure. The state has around 14 crore-plus earners, attracts steady FDI in manufacturing, EVs, textiles, and food processing, with over ₹11,000 crore in 2025 investment proposals, supports 5,000+ startups, and contributes to exports in engineering goods, agro-products, and pharmaceuticals.
5. Tamil Nadu 6,288
Tamil Nadu has built a strong high-income base, led by Chennai and Coimbatore. Chennai drives finance, IT services, automobile manufacturing, and luxury real estate, while Coimbatore supports textiles, manufacturing, and emerging startups. The state has over 72,600 millionaire households, 12,000+ startups, and has seen its FDI share rise from 5% to 8%, reinforcing its position as one of South India’s most consistent wealth and income generators.
6. Andhra Pradesh 5,340
Andhra Pradesh is building its wealth base through Visakhapatnam, Vijayawada, and Tirupati. Visakhapatnam drives port-led exports, heavy industry, and logistics, while Vijayawada and Tirupati support manufacturing, agro-processing, tourism, and services. The state has attracted ₹9.2 lakh crore in domestic investment commitments, has around 2,900 millionaire households, 6,600+ startups, and exports worth about ₹1.59 lakh crore, led by engineering goods. With expanding MSMEs and pro-business reforms, Andhra Pradesh is steadily strengthening its high-income ecosystem.
7. West Bengal 3,013
West Bengal’s high-income growth is led by Kolkata and Durgapur, which anchor the state’s industrial, services, and trade ecosystem. Kolkata drives finance, IT-BPO services, and luxury real estate, while Durgapur and Asansol support steel, heavy engineering, and manufacturing clusters. The state has attracted over $2.1 billion in FDI, records exports of around ₹1.2 lakh crore, and has 5,240 recognised startups, with Kolkata emerging as the centre for tech, fintech, and innovation-led growth.
8. Karnataka 2,816
Karnataka’s high-income growth is led by Bengaluru and Mysuru, anchoring the state’s technology, startup, and industrial ecosystem. Bengaluru drives IT services, GCCs, startups, and luxury real estate, while Mysuru supports manufacturing, IT services, and emerging markets. The state attracts FDI of around ₹50,000 crore annually, supports 16,000+ startups, and maintains strong exports in IT services, engineering goods, and electronics, reinforcing Karnataka’s position as a key hub for ₹1-crore-plus earners.
9. Jammu & Kashmir 2,600
Jammu & Kashmir is making strides in its high-income landscape, driven by the regions of Jammu and Srinagar. Jammu supports manufacturing, tourism, and services, while Srinagar is known for its tourism, handicrafts, and agriculture. The state has attracted significant FDI in tourism and infrastructure, with a growing number of startups and a focus on sustainable development. Despite challenges, the region is showing promising growth in high-income earners.
10. Gujarat 2,200
Gujarat’s high-income base is growing through its industrial and services sectors, led by Ahmedabad and Surat. Ahmedabad drives pharmaceuticals, textiles, and IT services, while Surat supports diamond cutting, textiles, and manufacturing. The state has attracted substantial FDI in various sectors, supports over 10,000 startups, and contributes significantly to exports in textiles, pharmaceuticals, and engineering goods. Gujarat’s strategic location and pro-business environment continue to attract high-income individuals and investments.
These states are not only contributing to India’s economic growth but are also creating a robust ecosystem for high-income earners, fostering innovation, and driving sustainable development.
