Economy of Gujarat: Difference between revisions

 

| year = 1 April – 31 March

| gdp = {{INRConvert|18.05|lc}} (2019–20)<ref name="MOSPI"/>

| gdp rank = [[List of Indian states and union territories by GDP|5th]]  

| growth = 11% (2017–18)<ref name="Budget Analysis"/>

| per capita = {{INRConvert|252447}} (2018–19)<ref name="MOSPI">{{Cite web|url=http://mospi.nic.in/sites/default/files/press_releases_statements/State_wise_SDP_28_02_2020.xls|title=MOSPI Net State Domestic Product, Ministry of Statistics and Programme Implementation, Government of India.|access-date=7 April 2020}}</ref>

| per capita rank = [[List of Indian states and union territories by GDP per capita|11th]]

| sectors = [[Agriculture]]: 19% <br /> [[Industrial sector|Industry]]: 45% <br /> [[Service (economics)|Services]]: 36% (2017–18)<ref name="Budget Analysis">{{cite web|title=Gujarat Budget Analysis 2020-21|url=https://www.prsindia.org/sites/default/files/budget_files/State%20Budget%20Analysis%20-%20Gujarat%202020-21_Final.pdf|website=PRS Legislative|access-date=19 March 2020}}</ref>

| poverty = {{decreasepositive}} [[List of Indian states and union territories by poverty rate|16.63%]] in poverty (2017–18)<ref>{{cite web | title=SDGs India Index | url=https://sdgindiaindex.niti.gov.in/#/ranking |work=[[NITI Aayog]] | date=31 December 2019}}</ref>  

| hdi = {{increase}} 0.672 {{color|darkorange|medium}} (2018) ([[List of Indian states and territories by Human Development Index|21st]])

| unemployment = {{decreasePositive}} 3.9% (Nov 2020)<ref>{{cite web|title=Unemployment Rate in India |url=https://unemploymentinindia.cmie.com/ |publisher=Centre for Monitoring Indian Economy |page=1 |access-date=3 November 2020}}</ref>

| debt = 15.7% of GSDP <small>(2020–21 est.)</small><ref name="Budget Analysis"/>

| balance = {{INRConvert|-33536|c}} 1.78% of GSDP <small>(2020–21 est.)</small><ref name="Budget Analysis"/>

| revenue = {{INRConvert|1.63|lc}}<small>(2020–21 est.)</small><ref name="Budget Analysis"/>

| expenses = {{INRConvert|2.14|lc}}<small>(2020–21 est.)</small><ref name="Budget Analysis"/>

The '''economy of [[Gujarat]]''', a state in Western India, has significant [[agricultural]] as well as [[Manufacturing|industrial]] production within [[India]]. Major agricultural produce of the state includes [[cotton]], [[peanut|groundnut]]s (peanuts), [[Date (fruit)|dates]], [[sugar cane]], [[milk]] and milk products. Gujarat is one of the most industrialised states, with significant presence in pharma, chemicals, refining and petrochemicals, ceramics, textiles, automobile etc. sectors . Gujarat recorded the lowest unemployment rate in India in 2015, with 1.2% of the labour force being unemployed.<ref name="glance1">{{cite web|title=Indian Economy At a Glance [Infographic] - Quickonomics|url=https://quickonomics.com/2015/09/indian-economy-at-a-glance-infographic/|website=Quickonomics|access-date=19 November 2016|date=12 September 2015}}</ref>

Gujarat is ranked number one in the [[pharmaceutical industry in India]], with a 33% share in drug manufacturing and 28% share in drug exports. The state has 130 USFDA certified drug manufacturing facilities. Ahmedabad and Vadodara are considered as pharmaceutical hubs as there are many big and small pharma companies established in these cities.<ref>{{cite web |url=https://timesofindia.indiatimes.com/city/ahmedabad/despite-covid-19-fresh-investments-flowing-into-gujarats-pharma-sector/articleshow/81488146.cms |title=Despite Covid-19, fresh investments flowing into Gujarat's Pharma Sector |publisher=timesofindia.indiatimes.com |date=2021-03-14 |access-date=2021-05-03}}</ref>

Gujarat has the longest coastline in India (1600 km), and its ports (both private and public sector) handle around 40% of India's ocean cargo, with [[Mundra Port]] located in [[Gulf of Kutch]] being the largest port of India by cargo handled (144 million tons) due to its favorable location on the westernmost part of India and closeness to global shipping lanes.