According to CEO magazine 2011, Indiana ranked first in the mid-west and sixth in the country among best places to do business in.
In 2010, the gross state product of Indiana was US $275.676 billion while the per capita income was $34,943. The economy of the state is dependent largely on manufacturing. Major manufacturing outputs of the state are pharmaceuticals and medical devices, electrical equipments, automobiles, transportation, chemical products, rubber, petroleum, and factory machinery.
Since Indiana is located within the Corn Belt and Grain Belt, it produces various cash crops, including soybeans and corn. Other agricultural outputs include dairy products, eggs, tomatoes, grapes, mint, tobacco, melons, and cattle. The income tax in the state is flat 3.4% while the sales tax rate is 7%.
The state has 24 coal power plants which chiefly rely on fossil fuels. It is home to the largest coal power plant, Gibson Generating Station, in the country. Indiana has the highest sulfur dioxide emissions in the United States. Hydroelectric power is another source for the production of electricity.
| Gross state product |
US $275.676 billion |
| Per capita income |
$34,943 |
| Unemployment rate |
8.7% |
| Major industries |
Manufacturing industries, agriculture, energy |
| Major sectors |
Agriculture, manufacturing, services |
