Latest update: February, 2016
Last Updated: February, 2016
GUJARAT State Report | November, 2015
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. The state attracted cumulative FDI worth US$ 12.12 billion from April 2000-September 2015 and is the second highest recipient of FDI in India after Maharashtra. At current prices, Gujarat's gross state domestic product (GSDP) was about US$ 142.38 billion over 2014-15. Average annual gross state domestic product (GSDP) growth rate from 2004-05 to 2014-15 was about 12.11 per cent. As of January 2016, Gujarat had a total installed power generation capacity of 29,464.28 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 March 2015, Gujarat ranked second in the production of crude oil (onshore) in India. Till December 2014, the state produced 3.53 million tonnes of crude oil, which accounted for 25.18 per cent of the total crude oil (onshore) production in the country. 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. Surat is the largest manufacturing centre of silk fabric and accounted for over 40 per cent of India’s total silk production during 2014-15. Gujarat contributes around 19.1 per cent to India’s total exports of goods in 2014-15.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).
Gujarat’s Industrial Policy, 2015, offers attractive incentives and concessions for prospective investors. Gujarat stands first among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.
Last Updated: September 23, 2016