Which is Asia’s richest village? It is located in THIS state of India

Madhapar, a village in Kachchh district of Gujarat, stands out as Asia’s richest rural settlement and one of the most prosperous in the world. Its economic strength is built on two pillars: overseas remittances and agriculture, together creating a level of affluence comparable to that of mid-sized Indian cities.

Almost every family in Madhapar enjoys solid financial stability. With more than ₹5,000 crore deposited across local banks, most households here fall in the lakhpati or crorepati bracket. The village, home to around 92,000 people and 7,600 families, is often cited as India’s wealthiest village in terms of per household income.

Madhapar Gujarat Economy and NRI Wealth

A major share of this prosperity comes from its large Non Resident Indian (NRI) population. Nearly 1,200 Madhapar families are settled abroad, particularly in African countries, sending crores of rupees back home each year. In total, about 65% of the village’s residents live overseas in nations like the US, UK, Canada, Australia, and New Zealand, ensuring a continuous flow of investment and financial growth.

Banking Growth in Madhapar Gujarat

Madhapar has also developed into a strong banking hub, hosting 17 major institutions including SBI, HDFC, ICICI, and Axis Bank. The high volume of deposits has attracted more banks to open branches, further establishing the village’s position within India’s rural financial system.

Even with substantial income from abroad, agriculture continues to play a vital role in Madhapar’s economy. The village produces crops such as mangoes, sugarcane, and corn, which contribute to its steady local trade and reinforce its financial base.

The Madhapar Village Association, formed in London in 1968, connects residents with the global community of Madhaparis. Through cultural programs and development initiatives, it keeps the overseas population emotionally tied to their roots and actively involved in the village’s continued progress.

Madhapar’s story reflects a rare balance of global financial reach paired with a strong local identity, making it a symbol of how tradition and prosperity can thrive together in rural India.