Overview
Gujarat, one of India’s most industrialized states, recorded a GSDP of ₹21.03 lakh crore in 2023–24, with a growth rate of 10.1%. The state’s per capita income stands at ₹2,90,084, reflecting a thriving and diversified economy. Known for its strong industrial base, Gujarat is a leader in chemicals, petroleum, textiles, and manufacturing. Ahmedabad, the economic hub, is a major center for commerce, while Surat and Vadodara are key contributors to diamond processing and petrochemicals.
Why Invest in Gujarat
- Industrial Leadership: Major player in manufacturing, chemicals, and petroleum sectors.
- Infrastructure Excellence: World-class ports, roads, and connectivity boosting trade.
- Pro-Business Environment: Investor-friendly policies, ease of doing business, and tax incentives.
- Strong Growth Potential: Well-positioned for future industrial and service sector growth.
Incentives & Schemes
- Industrial Policy: Focus on key sectors like electronics, automotive, and chemicals with fiscal incentives.
- Renewable Energy: Attractive schemes to invest in solar and wind energy projects.
- Ease of Doing Business: Simplified regulations and processes for setting up businesses.
Key Economic Data: Gujarat
| Category |
Details |
| Capital |
Gandhinagar |
| GSDP (2023–24) |
₹21.03 lakh crore |
| Growth Rate |
10.1% |
| Per Capita Income |
₹2,90,084 |
| Top Sectors |
Manufacturing, Chemicals, Petroleum |
| FDI Share in India |
7% |
| Top FDI Sources |
USA, UAE |
| Cumulative FDI (FY2024) |
₹15,500 crore (Q1) |
| Policy Impact |
Focus on industrialization, renewable energy, and infrastructure development |
| Recent FDI |
₹3,500 crore (2020–21) |
Latest Insights
- Gujarat attracted ₹15,500 crore in cumulative FDI by Q1 FY2024.
- The state continues to lead in industrial production, particularly in chemicals, textiles, and petroleum.
- Government initiatives are enhancing the state’s infrastructure, renewable energy capabilities, and investment climate.
