Introduction
Gujarat is located on the western coast of India and has the longest coastline of 1,600 kms among all the states in the country. The state shares its borders with Rajasthan, Madhya Pradesh, Maharashtra, and the Union Territories of Daman and Diu and Dadra and Nagar Haveli. The Arabian Sea borders the state on the west and the southwest. Gujarat is one of the leading industrialised states in India. Gujarat is considered the petroleum capital of India due to presence of large refining capacity set up by private and public sector companies. At current prices, Gujarat’s Gross State Domestic Product (GSDP) is estimated at Rs. 2,203,062 crore (US$ 288.73 billion) in FY23, an increase of 13.3% YoY.
The state is the world’s largest producer of processed diamonds, accounting for 72% of the world’s processed diamond share and 80% of India’s diamond exports. With a contribution of 65 to 70% to India’s denim production, Gujarat is the largest manufacturer of denim in the country and the third largest in the world. There are 42 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).
Total exports from the state stood at US$ 65,248.53 million in FY 2022-23 (until August 2022). Petroleum product exports from Gujarat stood at US$ 36,842.98 million in FY22. Export of drug formulations from Gujarat reached US$ 2,824.55 million in FY22
Recent development in Key sectors
- Under the State Budget 2022-23:
- Rs. 3,822 crore (US$ 479.38 million) has been allocated to urban development authorities under Swarnim Jayanti Mukhymantri Shehari Vikas Yojana.
- Rs. 1,079 crore (US$ 135.33 million) has been allocated towards Samagra Shiksha Abhiyan and Rs. 733 crore (US$ 91.94 million) has been allocated towards the Mid-Day Meal Scheme.
- Rs. 404 crore (US$ 50.67 million) has been allocated towards National Health Mission.
- Rs. 1,100 crore (US$ 137.99 million) has been allocated for Mukhya Mantri Gram Sadak Yojana.
- Rs. 9,702 crore (US$ 1,216.73 million) has been allocated for Urban Development.
- Rs. 9,002 crore (US$ 1,126.38 million) has been allocated to Agriculture and allied activities.
- In June 2022, Prime Minister Mr. Narendra Modi inaugurated and laid foundation stone of development projects worth Rs. 21,000 crore (US$ 2.63 billion) at Gujarat Gaurav Abhiyan at Vadodara.
- As of August 31, 2022, Gujarat had a total installed power generation capacity of 44,930.44 MW, comprising 29,204.20 MW under private utilities, 8,452.61 MW (state utilities) and 7,273.63 MW (central utilities).
- According to the DPIIT, FDI inflows in Gujarat stood at US$ 3,200 million in FY 2022-23 (until June 2022) and were US$ 30,386.82 million between October 2019-June 2022.
- In July 2022, the government approved the construction of Taranga Hill-Ambaji-Abu Road new rail line to provide connectivity and improve mobility.
- As of July 2022, Gujarat had 25 SEZs with notified approvals.
- In July 2022, Deendayal Port Authority (DPA) announced plans to develop two Mega Cargo Handling Terminals on a Build-Operate-Transfer (BOT) basis under Public-Private Partnership (PPP) Mode at an estimated cost of Rs. 5,963 crore (US$ 747.64 million).
- As of March 2019, 79 Agricultural Produce Market Committees (APMCs) were linked with the National Agriculture Market (eNAM).
- As per Indian Ports Association data published in June 2020, the number of ports in the state stands at 46. In 2020-21, Deendayal (Kandla) port handled 117.56 million tonnes of cargo traffic.
FACTFILE
Capital
GandhinagarGeographical Area (sq km)
196,063State Language
Gujarati, Hindi and EnglishLiteracy Rate
78.03 per centKey Industries:
Dairy
Agro and food processing
IT
Chemicals and petrochemicals
Textiles and apparels
Engineering and auto
Gems and jewellery
Oil and gas
Pharmaceuticals and biotechnology
Minerals
Ports
Power
Toursim
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