Latest update: January, 2017
Last Updated: January, 2017
GUJARAT State Report | January, 2017
Gujarat is located on the western coast of India and has the longest coastline of 1,600 km among all states in the country. The state shares its borders with Rajasthan, Madhya Pradesh, Maharashtra and the Union Territories of Daman & Diu and Dadra & Nagar Haveli. The Arabian Sea borders the state both to the west and the south-west.
Gujarat is one of the leading industrialised states in India. At current prices, Gujarat's Gross State Domestic Product (GSDP) was about US$ 158.2 billion over 2015-16. Average annual GSDP growth rate from 2004-05 to 2015-16 was about 12.02 per cent. As of June 2016, Gujarat had a total installed power generation capacity of 30,188.75 megawatt (MW).
Gujarat is considered the petroleum capital of India due to presence of large refining capacity set up by private and public sector companies. As of December 2015, Gujarat ranked second in the production of crude oil (onshore) in India. The state produced 3.32 million tonnes of crude oil, which accounted for 24.7 per cent of the total crude oil (onshore) production in the country till December 2015.
The state is the world’s largest producer of processed diamonds, accounting for 72 per cent of the world’s processed diamond share and 80 per cent of India’s diamond exports. With a contribution of 65 to 70 per cent to India’s denim production, Gujarat is the largest manufacturer of denim in the country and the third largest in the world.
The state has excellent infrastructure as compared to other states. There are 45 ports, 18 domestic airports and one international airport. There are 106 product clusters and 60 notified special economic zones (SEZs). Large scale investment is expected in Gujarat as part of the US$ 90 billion Delhi-Mumbai Industrial Corridor (DMIC).
According to the Department of Industrial Policy & Promotion (DIPP), Foreign Direct Investments (FDI) inflows in the state of Gujarat totalled US$ 13.28 billion during April 2000-March 2016. Gujarat accounted for about 4.6 per cent share in the overall FDI inflows in India. The Vibrant Saurashtra Expo and Summit, was held in Rajkot in January 2016. MoUs worth US$ 341.88 million were realised for the development of various sectors of the state during the event.
Last Updated: January 13, 2017