Last updated: Oct, 2023
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. 22.61 lakh crore (US$ 275.78 billion in FY23, an increase of 15.5% YoY. In 2022-23, Gujarat contributed 8.6% to India’s GDP.
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, 17 domestic airports and 3 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).
In 2020-21, the secondary sector contributed 42.9% to the state’s GSDP (at current prices), followed by tertiary (37.3%) and primary (19.8%) sectors.
According to the DPIIT, FDI inflows in Gujarat stood at US$ 4,714 million in FY23 and were US$ 31,901 million between October 2019-March 2023.
Gujarat ranks fourth among states in terms of FDI received, with an 83% increase in FDI over the previous year.
Gujarat ranked 1st in Export Preparedness Index 2021 with the highest exports worth US$ 131 billion (April 2022- January 2023). 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
- In June 2023, Google to set up Global FinTech Operations Center in Gujarat's Gift City.
- In June 2023, Mr. Nitin Gadkari dedicates two National Highway projects worth US$ 5.85 million (Rs. 48 crore) in Vadodara, Gujarat.
- In June 2023, Union Home Minister and Minister of Cooperation, Mr. Amit Shah inaugurates the National Convention of Modi Samaj in Ahmedabad, Gujarat.
- In May 2023, Union Home Minister and Minister of Cooperation Mr. Amit Shah laid the foundation stone of the permanent campus of National Academy of Coastal Policing (NACP) at Dwarka, Gujarat, to be built at a cost of US$ 57.32 million (Rs. 470 crore).
- In April 2023, Mr. Sarbananda Sonowal approves the establishment of an oil jetty at Kandla's Deendayal Port for US$ 15.05 million (Rs.123.40 crore).
- In April 2023, Gujarat Fluorochemicals to invest US$ 609.86 million (Rs. 5,000 crore) in EV batteries, solar and green hydrogen supply chain.
- In April 2023, the estimated Indian cotton crop is 344 lakh bales for 2022-23. The actual arrivals have been estimated 1.90 lakh bales in Gujarat.
- In March 2023, Anupam Rasayan to set up three new plants in Gujarat with US$ 81.72 million (Rs. 670 crore) investment.
- In February 2023, the Gujarat government signed 18 memorandum of understanding (MoU) worth US$ 1.20 billion (Rs. 9,852 crore) under the state government's 'Aatmanirbhar Gujarat Schemes for Assistance to Industries'. It is expected to generate 10,851 employment opportunities.
- In February 2023, Mr. Parshottam Rupala launches Sagar Parikrama Phase-III from Gujarat's Hazira Port.
- In February 2023, 16 Bharat Gaurav circuits were constructed, and this Garvi Gujarat Yatra is the 17th circuit on the lines of the Government of India's "Ek Bharat Shrestha Bharat" initiative to highlight the legacy of vibrant Gujarat.
- The state budget includes a provision of US$ 2.51 billion (Rs. 20,642 crore) for different activities to upgrade the state's roads, roads, highways, etc.
- The World Bank has loaned (Rs. 4,200 crore) for the ‘SRESTHA Gujarat’, a multi-dimensional health-oriented plan that would be implemented in the upcoming 5 years.
- As of December 2022, the state had 52.5 million internet subscribers.
- According to the Telecom Regulatory Authority of India (TRAI), Gujarat had 65.16 million wireless connections and 1.17 million wireline subscribers as of December 2022.
- In November 2022, a wind turbine taller than the world's tallest Statue of Unity with blades spanning wider than the wingspan of a jumbo jet has been installed at Mundra in Gujarat by Adani New Industries Ltd.
- In October 2022, Ms. Droupadi Murmu, laid the foundation stone of four important Projects worth more than US$ 34.15 million (Rs. 280 crore) of Deendayal Port Authority, Kandla at Gujarat.
- In October 2022, Prime Minister, Mr. Narendra Modi launched Mission Schools of Excellence at Trimandir, Adalaj, Gujarat. The Mission has been conceived with a total outlay of US$ 1.21 billion (Rs. 10,000 crore).
- In October 2022, PM lauds people of Gujarat for their enthusiasm for 100% completion of Jal Jeevan Mission in the state.
- In October 2022, PM Modi declares Modhera as India's first 24x7 solar powered village.
- Under the State Budget 2023-24, Rs. 1,146 crore (US$ 139.5 million) has been allocated towards National Health Mission, Rs. 17,710 crore (US$ 2.15 billion) for Urban Development, Rs. 20,823 crore (US$ 2.53 billion) for the energy and petrochemicals sector, and Rs. 3,728 crore (US$ 454 million) to develop roads and bridges.
- 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 May 2023, Gujarat had a total installed power generation capacity of 46,775.91 MW, comprising 31,590.28 MW under private utilities, 8,454.86 MW (state utilities), and 6,730.77 MW (central utilities).
- According to the DPIIT, FDI inflows in Gujarat stood at US$ 3,200 million in FY23 (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.
