Economy, jobs and prices in Madhya Pradesh, India: official figures
Net state domestic product per person, the usual measure of average income, was ₹152,615 in 2024-25 at current prices; 4th lowest of 25 with figures. Five years earlier it was ₹101,909, a rise of 50% before inflation.
Is Madhya Pradesh's economy growing?
After allowing for inflation (2011-12 prices), income per person grew 4.7% in 2024-25; 3rd slowest of 25 with figures.
Source: Reserve Bank of India · saved copyHow big is Madhya Pradesh's economy?
The state's economy (gross state domestic product) was worth ₹15.03 lakh crore (₹15.03 trillion) in 2024-25 at current prices, 11.0% more than a year earlier.
Source: Reserve Bank of India · saved copyWhat are the main industries in Madhya Pradesh?
In 2024-25 services made up 36.6% of the value added in Madhya Pradesh's economy (2nd lowest of 25 with figures), manufacturing 7.1% (5th lowest of 25 with figures) and crop farming 30.9% (the highest of 25 with figures), at current prices.
Source: Reserve Bank of India · saved copyHow much food does Madhya Pradesh grow?
Farmers in Madhya Pradesh produced 46,631,300 tonnes of foodgrains (rice, wheat, other cereals and pulses) in 2024-25, 13.0% of India's harvest; 2nd largest of 31 with figures.
Source: Reserve Bank of India · saved copyWhat is the unemployment rate in Madhya Pradesh?
Unemployment in Madhya Pradesh in 2023-24 was 0.5% in rural areas and 2.8% in towns and cities (usual status, Periodic Labour Force Survey); all-India: 2.5% rural and 5.1% urban. Urban unemployment was 3rd lowest of 35.
Source: Reserve Bank of India · saved copyHow much do farm workers earn in Madhya Pradesh?
A man working as a general farm labourer in rural Madhya Pradesh earned on average ₹256 a day in 2024-25 (all-India: ₹398); the lowest of 19 with figures. Rural day rates for men were ₹308 for construction workers and ₹278 for non-farm labourers.
Source: Reserve Bank of India · saved copyWhat is inflation in Madhya Pradesh?
Consumer prices in Madhya Pradesh rose 4.7% on average in 2024-25, and food and drink prices by 7.1% (all-India: 4.6%). Over the same year fuel and light prices fell 2.4% and urban housing costs rose 2.1%.
Source: Reserve Bank of India · saved copyDo banks lend in Madhya Pradesh?
Commercial banks in Madhya Pradesh held ₹6.73 lakh crore of deposits at the end of March 2025, about ₹75,700 per resident, and had lent ₹5.50 lakh crore: a credit-deposit ratio of 78.3% (all-India: 80.1%; 9th highest of 36). A low ratio means local savings are mostly lent elsewhere.
Source: Reserve Bank of India · saved copyMore figures
- Madhya Pradesh produced 21,326,000 tonnes of milk in 2023-24, 8.9% of the national total. Source: Reserve Bank of India · saved copy
- Indian tourists made 133.18 million visits to Madhya Pradesh in 2024 (4.5% of all domestic tourist visits; 9th most of 36). Source: Reserve Bank of India · saved copy
- Electricity available per person was 1,191 kWh in 2024-25 (all-India: 1,208 kWh). Source: Reserve Bank of India · saved copy
- 22.4% of the electricity fed into Madhya Pradesh's grid was lost in transmission and distribution in 2022-23, through technical losses, theft and unbilled supply (all-India: 17.7%). Source: Reserve Bank of India · saved copy
- NITI Aayog scored Madhya Pradesh 67 out of 100 on the Sustainable Development Goals India Index in 2023; joint 11th lowest of 36. Source: Reserve Bank of India · saved copy
How Madhya Pradesh compares with other states
Income per person (NSDP per capita, current prices) (2024-25)
Madhya Pradesh ranks 22 of 25, highest first.
| Rank | Region | Income per person (NSDP per capita, current prices) |
|---|---|---|
| 19 | Assam | ₹159,185 |
| 20 | Meghalaya | ₹157,141 |
| 21 | Jammu and Kashmir | ₹154,826 |
| 22 | Madhya Pradesh | ₹152,615 |
| 23 | Jharkhand | ₹116,663 |
| 24 | Uttar Pradesh | ₹108,572 |
| 25 | Bihar | ₹69,321 |
Urban unemployment rate (usual status) (2023-24)
Madhya Pradesh ranks 33 of 35, highest first.
| Rank | Region | Urban unemployment rate (usual status) |
|---|---|---|
| 29 | Mizoram | 3.4% |
| 30 | West Bengal | 3.3% |
| 31 | Tripura | 3.2% |
| 32 | Sikkim | 3.0% |
| 33 | Madhya Pradesh | 2.8% |
| 34 | Gujarat | 2.3% |
| 35 | Delhi | 2.0% |
Services share of the economy (GSVA) (2024-25)
Madhya Pradesh ranks 24 of 25, highest first. Share of gross state value added at current prices.
| Rank | Region | Services share of the economy (GSVA) |
|---|---|---|
| 19 | Jharkhand | 45.2% |
| 20 | Tripura | 42.9% |
| 21 | Assam | 42.0% |
| 22 | Andhra Pradesh | 41.6% |
| 23 | Odisha | 38.4% |
| 24 | Madhya Pradesh | 36.6% |
| 25 | Chhattisgarh | 36.4% |
Bank credit-deposit ratio (place of sanction) (March 2025)
Madhya Pradesh ranks 9 of 36, highest first. Loans made in the state per ₹100 of deposits held there.
| Rank | Region | Bank credit-deposit ratio (place of sanction) |
|---|---|---|
| 6 | Rajasthan | 88.6% |
| 7 | Gujarat | 79.7% |
| 8 | Chhattisgarh | 79.5% |
| 9 | Madhya Pradesh | 78.3% |
| 10 | Manipur | 76.6% |
| 11 | Puducherry | 72.0% |
| 12 | Chandigarh | 71.9% |
More on Madhya Pradesh: overview · health · education and schools · poverty and living standards · government budget · India
Sources
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 153: State-wise Credit-Deposit Ratio of Scheduled Commercial Banks - According to Place of Sanction, read 23 October 2026 · saved copy (SHA-256 536e5d4415d4…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 108: State-wise Average Inflation (CPI) - General, read 23 October 2026 · saved copy (SHA-256 1dd5a612f16c…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 62: State-wise Production of Total Foodgrains, read 23 October 2026 · saved copy (SHA-256 7674a11e229b…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 21: Gross State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 307860e934ba…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 91: State-wise Milk Production, read 23 October 2026 · saved copy (SHA-256 3607285ce982…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 19: Per Capita Net State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 1f90818b79f1…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 20: Per Capita Net State Domestic Product (Constant Prices), read 23 October 2026 · saved copy (SHA-256 0861a3b6a0df…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 138: State-wise Per Capita Availability of Power, read 23 October 2026 · saved copy (SHA-256 3004b58b5f81…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 106: State-wise Sustainable Development Goals (SDGs) Score, read 23 October 2026 · saved copy (SHA-256 f18c2f57a295…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 49: Gross State Value Added by Economic Activity - Services (Current Prices), read 23 October 2026 · saved copy (SHA-256 231843665df0…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 148: State-wise Electricity Transmission & Distribution Losses, read 23 October 2026 · saved copy (SHA-256 7ba079aa2389…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 13: State-wise Domestic Tourist Visits, read 23 October 2026 · saved copy (SHA-256 14ecc37284d7…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 9: State-wise Unemployment Rate: Usual Status (Adjusted) (Urban), read 23 October 2026 · saved copy (SHA-256 4eef6c004595…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 113: State-wise Average Daily Wage Rates in Rural India (Men - General Agricultural Labourers), read 23 October 2026 · saved copy (SHA-256 6f4995aec2fa…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.