Rajasthan is the largest producer of crude oil in India, with production of 5.88 million metric tonnes in FY22.
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.
The state has an agricultural economy with nine agro-climatic zones and various types of soil that help during the cultivation of crops. 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 production of dimensional and decorative stones, such as marble, sandstone, and granite etc. 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 increasing number of tourists visiting wildlife sanctuaries and desert locations.
Between 2015-16 and 2021-22, the state’s GSDP increased at a CAGR (in Rs.) of 10.07 % .At a CAGR (in Rs.) of 10.86% between 2011-12 and 2020-21, the tertiary sector has been the fastest-growing sector and the largest contributor to Rajasthan’s economy in 2020-21, with a 45.44% 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$ 1,566.03 million between October 2019-June 2022.
Note *Excluding Fuel, Atomic and Minor Minerals