Maharashtra becomes top most state to have 56,000 millionaire households

Maharashtra is one of the number one states that contributes to India's wealth creation followed by Uttar Pradesh, Tamil Nadu, Karnataka and Gujarat, says a wealth report by Hurun India.

Maharashtra has around 56,000 dollar-millionaire households in the state. A household having an annual income of more than USD 1 million is considered as a dollar-millionaire household.

Maharashtra -- which has the highest GSDP among all the states contributing around 16 per cent of national GDP -- has 56,000 dollar-millionaire households last year. Between FY13 and FY19, the economy has been growing annually at 6.9 per cent and the state is also home to 247 richest individuals.

Uttar Pradesh has the second largest number of millionaire households at 36,000. Its economy has been annually growing at 10.6 per cent in the past one decade.

At the third spot is Tamil Nadu with 35,000 dollar-millionaire households. Karnataka is ranked fourth with 33,000 households having an annual income of over USD 1 million. Gujarat is home to 29,000 dollar-millionaire households and is placed at the fifth position. 

In connection with the cities, Mumbai -- which generates 6.2 per cent of the national GDP -- leads with 16,933 millionaire households, followed by Delhi with 15,861 millionaire households.