Rajasthan ranks first in India in the production of oilseeds, rapeseed, and mustard and is the second largest producer of garlic, nutri-coarse cereals, coriander, and cumin.
Rajasthan, the largest (area-wise) state in India, is in the northwest part of the subcontinent. It is surrounded on the north and the northeast by Punjab, Haryana, and Uttar Pradesh, on the east and southeast by Uttar Pradesh and Madhya Pradesh, and on the southwest by Gujarat.
It is among the largest mineral-producing states in India. Around 81 varieties of minerals are available in the state and 57 minerals are produced on a commercial scale in the state. It also contributes significantly to the production of dimensional and decorative stones, such as marble, sandstone, granite etc.
The Gross State Domestic Product (GSDP) of Rajasthan for 2023-24 (at current prices) is projected to be Rs. 15.7 lakh crore (US$ 188.32 billion), amounting to growth of 11.5% over 2022-23.
Between 2015-16 and 2023-24, the state’s GSDP increased at a CAGR (in Rs.) of 11 %. At a CAGR (in Rs.) of 6.13% between 2018-19 and 2022-23, the tertiary sector has been the fastest-growing sector and the largest contributor to Rajasthan’s economy in 2022-23, with a 43.74% share in the state’s GSVA.
The growth was driven by storage, communication & services related to broadcasting, financial services and public administration. According to the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investment (FDI) inflows in the state stood at US$ 2,344 million between October 2019-March 2024.
The state is one of the leading tourist destinations in India. Historic palaces, especially those in Jaipur and Udaipur, offer opportunities to expand the luxury tourism segment, with an increasing number of tourists visiting wildlife sanctuaries and desert locations. According to the Rajasthan Tourism Department, the state witnessed a remarkable increase in domestic tourism, with over 17.90 crore tourists visiting the desert state in 2023. Home Minister, Mr. Amit Shah, laid the foundation stone and performed Bhoomi Pujan of Shri Tanot Mandir Complex Project under Border Tourism Development Programme in Jaisalmer in September 2022. The Rajasthan cabinet approved the Rajasthan Film Tourism Promotion Policy 2022 with the objective of promoting film production activities in the state..
The state has an agricultural economy with nine agro-climatic zones and various types of soil that help during the cultivation of crops. As part of the state budget 2023-24, Fasal Beema Yojana has been allocated Rs. 1,400 crore (US$ 167.93 million). In August 2022, Mr. Narendra Singh Tomar, Minister of Agriculture and Farmers Welfare inaugurated four new facilities at the Central Arid Zone Research Institute (CAZRI), which has been rendering excellent services for more than 60 years under the Indian Council of Agricultural Research (ICAR). The following are the stats of agricultural production (in lakh tonnes) in the state during 2022-23 - 1) Cereals: 206.57, 2) Pulses: 47.42, 3) Oil Seeds: 99.78, 4) Sugarcane: 2.18 and 5) Cotton (lint): 25.53.
The state is the leading producer of cement-grade limestone in India. Production of limestone reached 87,679 (thousand tonnes) during 2021-22. The state has about 26% share in proven limestone reserves in the country. In May 2024, JSW Cement announced to invest Rs. 3,000 crore (US$ 359.84 million) crore on building an integrated manufacturing facility at Nagaur in Rajasthan. Shree Cement, the second largest cement-maker in India, in December 2023, commissioned a new klin at its integrated production facility in Nawalgarh, Rajasthan. The plant, set up at Rs. 3,500 crore (US$ 419.82 million) can produce 3.5 million tonnes of cement per annum.
Note: ^Excluding Fuel, Atomic and Minor Minerals