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GSDP of Gujarat, Economic Growth Presentation and Reports | IBEF

Last updated on Mar, 9 2021

Economic Snapshot
Per capita Income

 


Gujarat is located on the western coast of India and has the longest coastline of 1,600 kms in the country. Gujarat is one of the high growth states in the country.

Gujarat is one of the leading industrialised states in India. At current prices, Gujarat's Gross State Domestic Product (GSDP) is estimated at Rs. 18.85 trillion (US$ 269.70 billion) during 2020-21. The state’s GSDP is expected to grow at a CAGR of 12.87% during 2015-16 and 2020-21.

There are 13 major industry groups that together account for around 82.05% of total factories, 95.85% of total fixed capital investment, 90.09% of the value of output and 93.21% of value addition in Gujarat's industrial economy. Total exports from the state stood at US$ 63,447 million in 2019-20 and US$ 37,852 million in 2020-21 during April-November 2020.

In 2018-19, export of major agriculture commodities from Gujarat stood at US$ 5.36 billion and reached US$ 3.52 billion during April-December 2019.

Gujarat is a leader in industrial sectors such as chemicals, petrochemicals, dairy, drugs and pharmaceuticals, cement and ceramics, gems and jewellery, textiles and engineering. The industrial sector comprises of over 800 large industries and 453,339 micro, small and medium enterprises.

Gujarat has over 3,300 pharmaceutical manufacturing units, which contributed 30-35% to India’s pharma sector’s turnover and around 28% to India’s pharma export during 2018-19. Export of drug formulations from Gujarat stood at US$ 3,053.53 million in 2019-20 and reached US$ 2,470.07 million in 2020-21 (till November 2020).

In 2019-20, the state produced 4.6 million tonnes of petroleum (crude) and 1,287 million cubic metres of natural gas. Total consumption of petroleum products stood at 22.53 million metric tonnes (MMT) in 2019-20. Export of petroleum products from Gujarat reached US$ 17,972.08 million in FY20

As of September 2020, Gujarat had 20 operational SEZs. In addition to operational SEZs, Gujarat had four SEZs with valid in-principle approvals, 26 SEZs with formal approvals and 22 SEZs with notified approvals.

According to the Department for Promotion of Industry and Internal Trade (DPIIT), Foreign Direct Investments (FDI) inflow in Gujarat reached US$ 42.6 billion between April 2000 and September 2020. Gujarat accounted for 5.9%% share in the overall FDI inflows in India.

Following are some of the major initiatives taken by the Government to promote Gujarat as an investment destination:

  • In 2019, around 28,360 memorandums of understanding (MoU) were signed during the Vibrant Gujarat Global Summit 2019, which is expected to generate over 21 lakh jobs.
  • Gujarat has a well-developed infrastructure with 42 ports, including one major port at Kandla and 41 minor ports along a 1,600 kms coastline. In 2019-20, Deendayal (Kandla) port handled 122.49 million tonnes of cargo traffic.
  • Government of Gujarat has initiated several steps for the development of a world-class port city at Mundra. The port has a cargo handling capacity of over 200 million tonnes per annum.
  • In February 2020, President of Portugal H.E. Mr. Marcelo Rebelo de Sousa, Minister of National Defense of Portugal and Minister of State for Shipping(I/C) and Chemical and Fertilizer, Mr. Mansukh Mandaviya, signed an MoU to develop a world class National Maritime Heritage Complex at Lothal, Gujarat with cooperation from the Republic of Portugal.
  • In June 2020, Tata Power Renewable Energy bagged an order from Gujarat Urja Vikas Nigam (GUVNL) to develop a 120 megawatt (MW) solar project in Gujarat.

MMTPA - Million Metric Tonnes Per Annum

Gujarat State Presentation

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Gujarat Map

Gujarat