Gujarat is the ‘petro capital’ of India, contributing 34 per cent to petrochemicals and 27 per cent to the country’s chemicals and pharmaceuticals business. It has achieved the distinction of being one of the most industrially developed states. Accounting for 5 per cent of the total Indian population, Gujarat contributes 21 per cent to India’s exports and 13 per cent to its industrial production. The industrial sector had a 12.5 per cent growth in 2009.
Gujarat reported a 16 per cent year-on-year growth in GDP at current prices in 2007-08. A robust financial growth and presence of diverse industry sectors with leading national and international companies makes it one of the most attractive investment destinations in the country.
According to the outlook for corporate investments by the Reserve Bank of India (RBI), Gujarat ranks first in private corporate investments in the country. As per Deutsche Bank research paper on infrastructure investment scenario in India, 2007, Gujarat offers the most favourable outlook for infrastructure projects.
At current prices, the Gross State Domestic Product (GSDP) of Gujarat was about US$ 73.3 billion in 2008-09. The average annual GSDP growth rate from 1999-2000 to 2008-09, was about 13.4 per cent. Gujarat was among the states that recorded very high GSDP growth rates in the last decade, compared to the other states.
FDI inflows between April 2000 and May 2010 were US$ 6.6 billion.State Presentation (November 2010)
Click here to Download File (Size: 1.76 MB )