CareEdge State Ranking Report 2025, Maharashtra Tops the List

CareEdge State Ranking Report 2025: The CareEdge State Ranking Report 2025, prepared by CARE Ratings Ltd, shows how well different Indian states are doing in various areas of development. Maharashtra came out as the best performing state in this report. The report is useful for government officials, businesses, and investors to understand which states are doing well and where improvement is needed. This page explains the report, how it was prepared, its main results, and highlights from different states.

What is the CareEdge State Ranking Report?

The CareEdge State Ranking Report is an annual assessment conducted by CareEdge Ratings, India’s second-largest rating agency. The 2025 edition is the second in the series and evaluates the performance of Indian states using a data driven approach. The report provides an objective evaluation of state-level progress and competitiveness.

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Key Pillars of  CareEdge State Ranking Report 2025

The second edition of the CareEdge State Rankings provides a comprehensive review of state performance across seven major pillars. The report checks these areas using 50 clear and measurable points, which makes the analysis complete and based on numbers. It looks at how states are doing now and also their future potential. This way, the results are useful for many people like governments, businesses, and investors. Here are the key pillars: 

1. Economic Performance

2. Fiscal Management

3. Infrastructure Development

4. Financial Sector Growth

5. Social Development

6. Governance Quality

7. Environmental Sustainability

Subject-wise Highlights of Pillars of  CareEdge State Ranking Report 2025

Here are the subject-wise highlights of the pillars in the CareEdge State Ranking Report 2025, showing how different states performed in each important sector. These points help us understand which state did well in which area. 

• Economic Rankings

Gujarat ranked first in the economic category because it has a high per capita GSDP, strong foreign investment, and good capital formation. Karnataka and Maharashtra came next, doing well because of their strong industrial and service sectors. In Group B, Sikkim was the best performer in economic factors.

• Fiscal Rankings

Odisha ranked highest for fiscal management, with efficient debt control and low revenue deficit. Gujarat and Maharashtra also performed well. Uttarakhand led in Group B for fiscal discipline.

• Financial Development

Maharashtra topped this category, driven by high credit disbursement and deep mutual fund and insurance penetration. Telangana and Haryana followed. Goa was the leader in Group B.

• Infrastructure

Punjab and Haryana led among large states, with strong power, rail, and irrigation infrastructure. Goa excelled in Group B, especially in transport and healthcare infrastructure.

• Social Development

Kerala topped the social pillar, excelling in literacy, health, and poverty reduction, though unemployment remains a concern. Tamil Nadu also performed consistently well. Goa and Mizoram led in Group B.

• Governance

Andhra Pradesh was the top state for governance, with high scores in court efficiency and public services. Madhya Pradesh followed closely. Uttarakhand and Himachal Pradesh excelled in Group B.

• Environment

Karnataka led in environmental sustainability, especially in air quality and renewable energy. Telangana performed well in forest cover and water access. Himachal Pradesh stood out in Group B for green energy and conservation.

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Top and Bottom Performing States in the CareEdge State Ranking Report 2025

The CareEdge State Ranking Report 2025 identifies Maharashtra as the top-performing state overall in financial inclusion, fiscal management, and social development. Here is the list of top and bottom performers of CareEdge State Ranking Report 2025.

Top Performers 

• Maharashtra: Ranked first overall, reflecting strong performance across most pillars.

• Gujarat: Second place, with particular strength in economic indicators.

• Karnataka: Third, excelling in governance and environmental sustainability.

• Other Top Five: Telangana and Tamil Nadu, showing the dominance of Western and Southern states.

Bottom Performers 

•  Bihar:  Lowest ranked among the large states.

• Jharkhand

• Madhya Pradesh