Latest update: June, 2020
Last Updated: June, 2020
RAJASTHAN State Report | June, 2020
Rajasthan, the largest (area-wise) state in India, is located in the north-western part of the subcontinent. It is surrounded on the north and north-east by Punjab, Haryana and Uttar Pradesh, on the east and south-east by Uttar Pradesh and Madhya Pradesh and on the south-west 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.
In 2018-19, the services sector contributed 44.99 per cent to the state’s GSDP at current prices, followed by industries (30.19 per cent) and agriculture (24.82 per cent).
The Gross State Domestic Product (GSDP) of Rajasthan expanded at a Compound Annual Growth Rate (CAGR) of 11.23 per cent (in Rupee terms) over 2011-12 to 2020-21. According to the Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflows in Rajasthan between April 2000 and December 2019 stood at US$ 2.20 billion.
During 2019, 100 investment intentions were filed in the state with total investment of Rs 10,108 crore (US$ 1.45 billion). As of November 2019, the state was home to three operational SEZs, four notified SEZs, one SEZ with an in-principle approval and five SEZs with formal approvals.
The policy environment has been favorable for the establishment of industrial units. A single window clearance system (SWCS) for investment approvals is operational in the state and the Bureau of Investment Promotion (BIP) was set up to focus on investments above US$ 2.2 million. Rajasthan stands sixth among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.
Total merchandise exports from Rajasthan were US$ 7.06 billion in FY19. Merchandise exports during FY20 (till December 2019) reached US$ 4.97 billion.
Note: *Excluding Fuel, Atomic and Minor Minerals
Last Updated: April 17, 2020