Economy of Gujarat: Difference between revisions

| edbr = {{increase}} [[Ease of doing business index#Ranking|2nd (very easy, 2021)]]<ref>{{Cite web|agency=TNN|date=Jul 1, 2022|title=Gujarat climbs to second spot on ease of doing business list {{!}} Ahmedabad News - Times of India|url=https://timesofindia.indiatimes.com/city/ahmedabad/gujarat-climbs-to-2nd-spot-on-ease-of-doing-business-list/articleshow/92584128.cms|access-date=2022-12-04|website=The Times of India|language=en}}</ref>

== Data ==

{| class="wikitable"

!Year

![[GSDP]]

!'''Inflation rate'''

!'''Unemployment'''

<small>(in % of GDP)</small>

|1961

|{{INRConvert|738|c|lk=on}}

|1962

|{{INRConvert|812|c|lk=on}}

|1963

|{{INRConvert|806|c|lk=on}}

|1964

|{{INRConvert|859|c|lk=on}}

|1965

|{{INRConvert|935|c|lk=on}}

|

|1966

|{{INRConvert|868|c|lk=on}}

|1967

|{{INRConvert|889|c|lk=on}}

|1968

|{{INRConvert|974|c|lk=on}}

|1969

|{{INRConvert|906|c|lk=on}}

|

|1970

|{{INRConvert|997|c|lk=on}}

|1971

|{{INRConvert|1150|c|lk=on}}

|1972

|{{INRConvert|2256|c|lk=on}}

|1973

|{{INRConvert|2202|c|lk=on}}

|1974

|{{INRConvert|1898|c|lk=on}}

|1975

|{{INRConvert|1898|c|lk=on}}

|1976

|{{INRConvert|2439|c|lk=on}}

|1977

|{{INRConvert|2597|c|lk=on}}

|1978

|{{INRConvert|2745|c|lk=on}}

|1979

|{{INRConvert|2924|c|lk=on}}

|1980

|{{INRConvert|2795|c|lk=on}}

|1981

|{{INRConvert|6547|c|lk=on}}

|1982

|{{INRConvert|8205|c|lk=on}}

|1983

|{{INRConvert|8675|c|lk=on}}

|1984

|{{INRConvert|11280|c|lk=on}}

|1985

|{{INRConvert|11740|c|lk=on}}

|1986

|{{INRConvert|12103|c|lk=on}}

|1987

|{{INRConvert|14022|c|lk=on}}

|1988

|{{INRConvert|13908|c|lk=on}}

|1989

|{{INRConvert|19496|c|lk=on}}

|1991

|{{INRConvert|24120|c|lk=on}}

|1992

|{{INRConvert|26068|c|lk=on}}

|1993

|{{INRConvert|35018|c|lk=on}}

|1994

|{{INRConvert|39190|c|lk=on}}

|1995

|{{INRConvert|63624|c|lk=on}}

|1996

|{{INRConvert|72182|c|lk=on}}

|1997

|{{INRConvert|86414|c|lk=on}}

|1998

|{{INRConvert|92966|c|lk=on}}

|1999

|{{INRConvert|105443|c|lk=on}}

|2000

|{{INRConvert|107605|c|lk=on}}

|2001

|{{INRConvert|104494|c|lk=on}}

|2002

|{{INRConvert|113277|c|lk=on}}

|2003

|{{INRConvert|122500|c|lk=on}}

|2004

|{{INRConvert|149598|c|lk=on}}

|2005

|{{INRConvert|153079|c|lk=on}}

|2006

|{{INRConvert|6547|c|lk=on}}

|-

|{{INRConvert|189436|c|lk=on}}

|2008

|{{INRConvert|213092|c|lk=on}}

|2009

|{{INRConvert|228460|c|lk=on}}

|2010

|{{INRConvert|330671|c|lk=on}}

|2011

|{{INRConvert|365295|c|lk=on}}

|2012

|{{INRConvert|455295|c|lk=on}}

|2013

|{{INRConvert|6.16|t|lk=r}}

|2014

|{{INRConvert|7.24|t|lk=r}}

|2015

|{{INRConvert|8.08|t|lk=r}}

|2015

|{{INRConvert|9.22|t|lk=r}}

|2016

|{{INRConvert|10.29|t|lk=r}}

|2017

|{{INRConvert|11.67|t|lk=r}}

|2018

|{{INRConvert|13.29|t|lk=r}}

|-

|{{INRConvert|16.59|t|lk=r}}

After Tata Motors relocated the Nano manufacturing plant to Sanand, a small town near Ahmedabad, Gujarat has emerged as a car manufacturing hub.<ref>{{cite web|author=PTI|url=https://economictimes.indiatimes.com/nano-project-led-to-gujarat-as-car-manufacturing-hub-ratan-tata/articleshow/56447300.cms |title=Nano project led to Gujarat as car manufacturing hub: Ratan Tata – Economic Times |publisher=Economictimes.indiatimes.com |date=2017-07-13 |access-date=2018-08-20}}</ref> Major multinational automobile companies like Suzuki Motor, Ford India, Honda and Hero MotoCorp have plants in operation in Gujarat.<ref>{{cite web|author=Ketan Thakkar|url=https://economictimes.indiatimes.com/gujarat-set-to-become-the-detroit-of-india/articleshow/62844590.cms |title=Gujarat set to become the Detroit of India – Economic Times |publisher=Economictimes.indiatimes.com |date=2018-02-09 |access-date=2018-08-20}}</ref> Gujarat also leads in upcoming hybrid and electric vehicle manufacturing facilities. Suzuki, in partnership with Denso and Toshiba, is building a lithium ion battery manufacturing facility at a cost of 1700 crore. Suzuki is planning to launch electric cars as well as electric bikes by 2020.<ref>{{cite web|author=Ketan Thakkar|url=https://economictimes.indiatimes.com/industry/auto/not-just-cars-suzuki-to-bring-in-electric-bikes/articleshow/64863015.cms |title=Not just cars, Suzuki to bring in electric bikes – Economic Times |publisher=Economictimes.indiatimes.com |date=2018-07-05 |access-date=2018-08-20}}</ref> The India-based JSW Group has signed an agreement to invest Rs 4000 crore to promote manufacturing electric vehicles in the state, which includes vehicle manufacturing, production of batteries, and storage solutions. MG Motors, a subsidiary of China's largest automobile company SAIC Motors, has bought General Motors' manufacturing facility in Halol, Gujarat, and is planning to start production by 2019. Tata Motors is also planning to produce electric cars from its Sanand plant.<ref>{{cite web|author=Maulik Pathak, Amrit Raj |url=https://www.livemint.com/Industry/G6qpx6hENujIsXmszaK9GP/Gujarat-set-to-become-Indias-first-electric-vehicle-hub.html |title=Gujarat set to become India's first electric vehicle hub – Livemint |publisher=livemint.com |date=2017-09-28 |access-date=2018-08-20}}</ref>

|colspan="2" |<ref>{{Cite web |last=Jul 16 |first=Niyati Parikh / |last2=2022 |last3=Ist |first3=08:17 |title=One More Japanese Bank To Enter Gift City {{!}} Ahmedabad News - Times of India |url=https://timesofindia.indiatimes.com/city/ahmedabad/one-more-japanese-bank-to-enter-gift-city/articleshow/92911392.cms |access-date=2022-12-11 |website=The Times of India |language=en}}</ref>

|colspan="2" |<ref>{{Cite web |last=India |first=Press Trust of |date=2021-01-26 |title=HSBC inaugurates international banking unit at GIFT City in Gujarat |url=https://www.business-standard.com/article/companies/hsbc-inaugurates-international-banking-unit-at-gift-city-in-gujarat-121012601041_1.html |access-date=2022-12-11 |website=www.business-standard.com |language=en}}</ref><ref>{{Citation |title=IFSC Banking Unit |url=https://www.business.hsbc.co.in/en-gb/ifsc-banking-unit |language=en-gb |access-date=2022-12-11}}</ref><ref>{{Cite web |date=21 Jan 2021 |title=HSBC inaugurates its International Banking Unit at GIFT City |url=https://www.about.hsbc.co.in/-/media/india/en/news-and-media/210126-hsbc-inaugurates-its-international-banking-unit-at-gift-city.pdf |website=hsbc.co.in}}</ref>

|colspan="2" |<ref>{{Cite web |last=Reporter |first=B. S. |date=2021-08-16 |title=Citibank becomes first US bank to set up unit in IFSC at GIFT City |url=https://www.business-standard.com/article/finance/citibank-becomes-first-us-bank-to-set-up-unit-in-ifsc-at-gift-city-121081601584_1.html |access-date=2022-12-11 |website=www.business-standard.com |language=en}}</ref>

|colspan="2" |<ref>{{Cite web |last=Livemint |date=2021-08-26 |title=Barclays infuses over ₹3,000 crore into India unit |url=https://www.livemint.com/industry/banking/barclays-infuses-over-rs-3-000-crore-into-india-unit-11629966853865.html |access-date=2022-12-11 |website=mint |language=en}}</ref>

|colspan="2" |<ref>{{Cite web |last=India |first=Press Trust of |date=2022-05-20 |title=BRICS bank to open India's regional office in GIFT City in Gujarat |url=https://www.business-standard.com/article/finance/brics-bank-to-open-india-s-regional-office-in-gift-city-in-gujarat-122052000366_1.html |access-date=2022-12-11 |website=www.business-standard.com |language=en}}</ref><ref>{{Cite web |last=Bureau |first=BL Mumbai |date=2022-05-20 |title=New Development Bank opens regional office in GIFT City |url=https://www.thehindubusinessline.com/money-and-banking/new-development-bank-opens-regional-office-in-gift-city/article65438522.ece |access-date=2022-12-11 |website=www.thehindubusinessline.com |language=en}}</ref><ref>{{Cite web |date=12 December 2022 |title=ndb-launches-indian-regional-office-in-gujarat-international-finance-tec-city |url=https://www.ndb.int/press_release/ndb-launches-indian-regional-office-in-gujarat-international-finance-tec-city/ |website=ndb.int}}</ref>

|AUTOMOTIVE DIESEL FUEL, NOT

CONTAINING BIODIESEL, CONFORMING

|HIGH FLASH HIGH SPEED DIESEL FUEL

CONFORMING TO STANDARD IS

|OTHER MEDCNE PUT UP FOR RETAIL SALE

N.E.S

|AVIATION TURBINE FUEL (ATF)

|DIAMOND(OTHR THN INDSTRL DIAMOND)

CUT OR OTHERWISE WORKED B

|MOTOR GASOLINE CONFORMING TO

STANDARD IS 2796

|P-XYLENE

|SILVER JEWELLERY SET WITH GEMS

|OF A WATER ABSORPTION COEFFICIENT

BY WEIGHT NOT EXCEEDING 0.

|OTHER

==State Government revenue and spending==

Article 246<ref name=coi/> of the [[Indian Constitution]], distributes legislative powers including taxation, between the [[Parliament of India]] and the [[Vidhan Sabha|State Legislature]].<ref name=coi>{{cite act| title =[[Constitution of India|THE CONSTITUTION OF INDIA]]| type = Act| language =en| date =26 November 1949| article =| article-type =  | page =| url =http://www.legislative.gov.in/constitution-of-india}}</ref>

| '''Electricity Duty''':Taxes on the consumption or sale of [[electricity]]<ref name=dutyact1963>{{cite act| title =THE KERALA ELECTRICITY DUTY ACT, 1963| type = ACT 23 | language =en| date =1963| article =| article-type = | page =| url=http://ceikerala.gov.in/images/pdf/ActsRules/dutyact1963_a.pdf}}</ref>

[[Amitabh Bachchan]] is currently the brand ambassador of Gujarat Tourism. The ‘Khushboo Gujarat Ki' campaign by  Amitabh Bachchan has grown tourism in Gujarat by 14 per cent, twice the national growth rate.<ref>{{cite web|author=Our Bureau |url=http://www.thehindubusinessline.com/industry-and-economy/economy/article2735467.ece?homepage=true&ref=wl_home |title=Business Line : Industry & Economy / Economy : TAAI award for Gujarat Tourism |publisher=Thehindubusinessline.com |access-date=2012-07-09 |url-status=dead |archive-url=https://web.archive.org/web/20121026035058/http://www.thehindubusinessline.com/industry-and-economy/economy/article2735467.ece?homepage=true&ref=wl_home |archive-date=2012-10-26 }}</ref>