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More information on current GSDP of states with Niti aayog as reference
 
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{{Short description|none}}
{{Short description|none}}
{{Multiple issues|{{Update|part=Nearly every part.|reason=One example is that it mentions the years 2021–2022 (give or take one, but it's at least 2 years outdated)|date=July 2024}}
{{Copy edit|date=April 2023}}
{{More citations needed|date=July 2024}}}}
{{Infobox economy
{{Infobox economy
| country = Gujarat
| country = Gujarat
Line 8: Line 9:
| currency = [[Indian Rupee]] [[₹]]
| currency = [[Indian Rupee]] [[₹]]
| year = 1 April – 31 March
| year = 1 April – 31 March
| gdp = {{INRConvert|25.62|lc|0}} (2023–24 est.) <ref name="BA-23">{{cite web |url=https://prsindia.org/budgets/states/gujarat-budget-analysis-2023-24 |title=Gujarat Budget Analysis 2023-24 |website=prsindia.org}}</ref>
| gdp = {{INRConvert|27.9|lc|0}} (2024–25 est.) <ref name="BA-24">{{cite web|url=https://prsindia.org/budgets/states/gujarat-budget-analysis-2024-25|title=Gujarat Budget Analysis 2024–25|website=prsindia.org|access-date=13 March 2024}}</ref>
| gdp rank = {{increase}} [[List of Indian states and union territories by GDP|3th]]
| gdp rank = {{increase}} [[List of Indian states and union territories by GDP|3rd]] (2023-24)
| growth = 17.4% (2021–22)<ref name="Budget Analysis"/><br />15.5% (2022–23 est.)<ref name="Budget Analysis"/><br />13.3% (2023–24 est.)<ref name="Budget Analysis"/>
| growth = 17.4% (2021–22)<ref name="Budget Analysis"/><br />15.5% (2022–23 est.)<ref name="BA-23">{{cite web |url=https://prsindia.org/budgets/states/gujarat-budget-analysis-2023-24 |title=Gujarat Budget Analysis 2023–24 |website=prsindia.org}}</ref><br />13.3% (2023–24 est.)<ref name="BA-24"/>
| per capita = {{increase}}{{INRConvert|281804|r|0}} (2023-24)<ref name="BA-23"/>
| per capita = {{increase}}{{INRConvert|389332|r|0}} (2024–25)<ref name="BA-24"/>
| per capita rank = [[List of Indian states and union territories by GDP per capita|8th]]
| per capita rank = [[List of Indian states and union territories by GDP per capita|8th]]
| sectors = [[Agriculture]]: 20% <br /> [[Industrial sector|Industry]]: 43% <br /> [[Service (economics)|Services]]: 37% (2020–21)<ref name="Budget Analysis"/>
| sectors = [[Agriculture]]: 20% <br /> [[Industrial sector|Industry]]: 45% <br /> [[Service (economics)|Services]]: 35% (2022–23)<ref name="BA-24"/>
| components =
| components =
| poverty = {{decreasepositive}} [[List of Indian states and union territories by poverty rate|15%]] in poverty (2019–20)<ref>{{cite web | title=SDGs India Index | url=https://sdgindiaindex.niti.gov.in/#/ranking |work=[[NITI Aayog]] | date=31 December 2019}}</ref>
| poverty = {{decreasepositive}} [[List of Indian states and union territories by poverty rate|15%]] in poverty (2019–20)<ref>{{cite web | title=SDGs India Index | url=https://sdgindiaindex.niti.gov.in/#/ranking |work=[[NITI Aayog]] | date=31 December 2019}}</ref>
| gini =
| gini =
| hdi = {{decrease}} 0.638 {{color|darkorange|medium}} (2021) ([[List of Indian states and territories by Human Development Index|23rd]])<ref>{{Cite web|title=Sub-national HDI - Subnational HDI - Table - Global Data Lab|url=https://globaldatalab.org/shdi/table/shdi/IND/|access-date=2022-12-04|website=globaldatalab.org}}</ref>
| hdi = {{decrease}} 0.638 {{color|darkorange|medium}} (2021) ([[List of Indian states and territories by Human Development Index|23rd]])<ref>{{Cite web|title=Sub-national HDI – Subnational HDI – Table – Global Data Lab|url=https://globaldatalab.org/shdi/table/shdi/IND/|access-date=2022-12-04|website=globaldatalab.org}}</ref>
| labor =
| labor =
| occupations =
| occupations =
Line 25: Line 26:
| average net salary =
| average net salary =
| net median =
| net median =
| edbr = {{increase}} [[Indian states ranking by ease of doing business|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>
| edbr = {{increase}} [[Indian states ranking by ease of doing business|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|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}}</ref>
| industries = {{hlist|[[Gems]] and [[jewellery]]|[[pharmaceutical]]|[[textile]]|[[chemical]] |[[ceramics]]| [[automobile]]| refining and petrochemicals|}}
| industries = {{hlist|[[Gems]] and [[jewellery]]|[[pharmaceutical]]|[[textile]]|[[chemical]] |[[ceramics]]| [[automobile]]| refining and petrochemicals|}}
| exports = {{increase}} US$150&nbsp;billion (2022-2023)<ref>{{Cite web|title=Gujarat tops in share of India's exports, aided by soaring petroleum product prices|url=https://www.moneycontrol.com/news/business/economy/gujarat-tops-in-share-of-indias-exports-aided-by-soaring-petroleum-product-prices-8695071.html|access-date=2022-12-04|website=Moneycontrol|date=16 June 2022 |language=en}}</ref>
| exports = {{increase}} US$150&nbsp;billion (2022–2023)<ref>{{Cite web|title=Gujarat tops in share of India's exports, aided by soaring petroleum product prices|url=https://www.moneycontrol.com/news/business/economy/gujarat-tops-in-share-of-indias-exports-aided-by-soaring-petroleum-product-prices-8695071.html|access-date=2022-12-04|website=Moneycontrol|date=16 June 2022}}</ref>
| export-goods = {{Unbulleted list | [[Petroleum product|Refined petroleum products]]|pearls, precious and semi-precious stones|[[iron]] and [[steel]]|biomedical products|[[chemicals]]|[[financial services]]}}
| export-goods = {{Unbulleted list | [[Petroleum product|Refined petroleum products]]|pearls, precious and semi-precious stones|[[iron]] and [[steel]]|biomedical products|[[chemicals]]|[[financial services]]}}
| export-partners =
| export-partners =
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| import-partners =
| import-partners =
| FDI = {{INRConvert|20169|c|lk=r}}
| FDI = {{INRConvert|20169|c|lk=r}}
(2020-21)<ref>{{cite web|title=FDI|url=https://indianexpress.com/article/cities/gandhinagar/gujarat-slips-from-top-to-sixth-states-fdi-inflow-7969771/|website=Indian Express|date=14 June 2022 |access-date=June 14, 2022}}</ref>
(2020–21)<ref>{{cite web|title=FDI|url=https://indianexpress.com/article/cities/gandhinagar/gujarat-slips-from-top-to-sixth-states-fdi-inflow-7969771/|website=The Indian Express|date=14 June 2022 |access-date=June 14, 2022}}</ref>
| current account =
| current account =
| gross external debt =
| gross external debt =
Line 41: Line 42:
| balance = {{INRConvert|-44930|c}} <small>1.8% of GSDP (2023–24 est.)</small><ref name="Budget Analysis"/>
| balance = {{INRConvert|-44930|c}} <small>1.8% of GSDP (2023–24 est.)</small><ref name="Budget Analysis"/>
| revenue = {{INRConvert|2.25|lc}}<small>(2023–24 est.)</small><ref name="Budget Analysis"/>
| revenue = {{INRConvert|2.25|lc}}<small>(2023–24 est.)</small><ref name="Budget Analysis"/>
| expenses = {{INRConvert|2.7|lc}}<small>(2023–24 est.)</small><ref name="Budget Analysis">{{cite web|title=Gujarat Budget Analysis 2022-23|url=https://prsindia.org/budgets/states/gujarat-budget-analysis-2022-23|website=PRS Legislative|access-date=12 March 2022}}</ref>
| expenses = {{INRConvert|2.7|lc}}<small>(2023–24 est.)</small><ref name="Budget Analysis">{{cite web|title=Gujarat Budget Analysis 2022–23|url=https://prsindia.org/budgets/states/gujarat-budget-analysis-2022-23|website=PRS Legislative|access-date=12 March 2022}}</ref>
| aid =
| aid =
| credit =
| credit =
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}}
}}


The '''economy of Gujarat''', a state in Western India, is the most industrialised in India, having the highest industrial output of any state in the union.<ref>{{Cite web |url=https://m.rbi.org.in/scripts/PublicationsView.aspx?id=22109 |date=15 November 2023|access-date=13 March 2024 |title=Handbook of Statistics on Indian States|website=Reserve Bank of India}}</ref> It has the highest exports of any Indian state, accounting for 33% of all Indian exports in 2022–23.<ref>{{Cite news |date=2023-06-07 |title=Third yr in row, Guj tops in exports |work=The Times of India |url=https://timesofindia.indiatimes.com/city/rajkot/third-yr-in-row-guj-tops-in-exports/articleshow/100808013.cms |access-date=2024-01-03 |issn=0971-8257}}</ref> It leads in diverse industrial sectors such as chemicals, petrochemicals, dairy, drugs and pharmaceuticals, cement and ceramics, gems and jewellery, textiles and engineering.<ref>{{Cite web |title=GSDP of Gujarat, Economic Growth Presentation and Reports {{!}} IBEF |url=https://www.ibef.org/states/gujarat-presentation |access-date=2024-01-03 |website=India Brand Equity Foundation}}</ref> It has the highest Electricity Production Capacity<ref>{{Cite news |date=2023-03-22 |title=Gujarat pips Maharashtra in power generation capacity: Report |work=The Times of India |url=https://timesofindia.indiatimes.com/city/ahmedabad/gujarat-no-1-in-installed-power-capacity/articleshow/98886266.cms |access-date=2024-01-03 |issn=0971-8257}}</ref> and Maritime Port Cargo Volume<ref>{{Cite web |title=India: cargo traffic volume at ports by state 2022 |url=https://www.statista.com/statistics/692571/cargo-traffic-volume-at-ports-by-state-india/ |access-date=2024-01-03 |website=Statista}}</ref> among all states in India. It also has significant [[agricultural]] production with major agricultural produce of the state being [[cotton]], [[peanut|groundnut]]s (peanuts), [[Date (fruit)|dates]], [[sugar cane]], [[milk]] and milk products. [[Gujarat]] recorded the lowest unemployment rate in India in 2022, with 4.4% of the labour force being unemployed.<ref>{{Cite web |last=Economic Survey 2022–2023 |year=2023 |title=Unemployment Rate |url=https://www.indiabudget.gov.in/economicsurvey/doc/stat/tab812.pdf}}</ref>
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 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 name="timesofindia.indiatimes.com">{{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 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 name="timesofindia.indiatimes.com">{{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 |work=The Times of India |date=2021-03-14 |access-date=2021-05-03}}</ref>


Gujarat has the longest coastline in India ({{cvt|1600|km|disp=sqbr}}), 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.
Gujarat has the longest coastline in India ({{cvt|1600|km|disp=sqbr}}), and its ports (both private and public) 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.
Gujarat also contributes around 20% share in India's industrial production and merchandise exports.
Gujarat also contributes around 20% share in India's industrial production and merchandise exports.

Gujarat's gross state domestic product (GSDP) increased to Rs. 25.68 lakh crore in fiscal year 2023–24, surpassing Uttar Pradesh's GSDP of Rs. 25.48 lakh crore (US$310 billion).<ref name=":4">{{Cite web |last=Niti |first=ayog |title=Niti aayog |url=https://iced.niti.gov.in/economy-and-demography/key-economic-indicators/gdp}}</ref> In contrast, Tamil Nadu's GDP increased from Rs. 23.93 lakh crore to Rs. 27.22 lakh crore. While Karnataka GSDP falls behind UP GSDP and is Rs. 25.01 lakh crore.<ref name=":4" /> For fiscal year 2023-24 Gujarat became the third largest state economy in India.


== Contribution ==
== Contribution ==
The world's largest [[ship breaking]] yard is in Gujarat near [[Bhavnagar]] at [[Alang]].
The world's largest [[ship breaking]] yard is in Gujarat near [[Bhavnagar]] at [[Alang]].


[[Reliance Petroleum]], one of the group companies of [[Reliance Industries Limited]] founded by [[Dhirubhai Ambani]] operates the oil refinery at Jamnagar which is the world's largest grass roots refinery.<ref>{{Cite web |url=http://www.ril.com/aboutus/about_milestone.html |title=Milestones |access-date=June 14, 2008 |archive-url=https://web.archive.org/web/20060423171703/http://www.ril.com/aboutus/about_milestone.html |archive-date=April 23, 2006 |url-status=dead }}</ref> The company has also planned another SEZ ([[special economic zone]]), in [[Jamnagar]].<ref name=":2">{{cite web|url=http://www.domain-b.com/industry/general/20061102_Narendra_Modi.html |title=India talking of Gujarat's SEZ model: Narendra Modi |publisher=domain-b.com |date=2006-11-02 |access-date=2013-10-26}}</ref><ref name=":3">{{cite web|url=http://realestate.indiatimes.com/articleshow/msid-1381781,prtpage-1.cms |title=Mukesh Ambani wants to build another ShanghaiReal Estate - Indiatimes |publisher=Realestate.indiatimes.com |access-date=2013-10-26}}</ref>
[[Reliance Petroleum]], one of the group companies of [[Reliance Industries Limited]] founded by [[Dhirubhai Ambani]] operates the oil refinery at Jamnagar which is the world's largest grass roots refinery.<ref>{{Cite web |url=http://www.ril.com/aboutus/about_milestone.html |title=Milestones |access-date=June 14, 2008 |archive-url=https://web.archive.org/web/20060423171703/http://www.ril.com/aboutus/about_milestone.html |archive-date=April 23, 2006 |url-status=dead }}</ref> The company has also planned another SEZ ([[special economic zone]]), in [[Jamnagar]].<ref name=":2">{{cite web|url=http://www.domain-b.com/industry/general/20061102_Narendra_Modi.html |title=India talking of Gujarat's SEZ model: Narendra Modi |publisher=domain-b.com |date=2006-11-02 |access-date=2013-10-26}}</ref><ref name=":3">{{cite web |url=http://realestate.indiatimes.com/articleshow/msid-1381781,prtpage-1.cms |title=Mukesh Ambani wants to build another ShanghaiReal Estate – Indiatimes |work=The Times of India |access-date=2013-10-26 |archive-date=2011-10-04 |archive-url=https://web.archive.org/web/20111004083048/http://realestate.indiatimes.com/articleshow/msid-1381781,prtpage-1.cms |url-status=dead }}</ref>


Legatum Institute's Global Prosperity Index 2012 recognised Gujarat as the highest-scoring among all states of India on matters of social capital.
Legatum Institute's Global Prosperity Index 2012 recognised Gujarat as the highest-scoring among all states of India on matters of social capital.
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{| class="wikitable sortable"
{| class="wikitable sortable"
!Year{{efn|Statistical Atlas of Gujarat Vol. II: Sectoral Profile, Bureau of Economics and Statistics.}}<ref name="14.139.60.153">{{Cite web |title=National Institute of Educational Planning and Administration: Gujarat State Survey and Statistics |url=http://14.139.60.153/handle/123456789/771 |access-date=2022-12-26 |website=14.139.60.153}}</ref><ref>{{Cite web |title=Gujarat State |url=http://14.139.60.153/bitstream/123456789/13104/1/Statistical%20outline%20Gujarat%20state%202016.pdf |website=Gujarat State Survey and Statistics}}</ref>
!Year{{efn|Statistical Atlas of Gujarat Vol. II: Sectoral Profile, Bureau of Economics and Statistics.}}<ref name="14.139.60.153">{{Cite web |title=National Institute of Educational Planning and Administration: Gujarat State Survey and Statistics |url=http://14.139.60.153/handle/123456789/771 |access-date=2022-12-26 |website=14.139.60.153}}</ref><ref>{{Cite web |title=Gujarat State |url=http://14.139.60.153/bitstream/123456789/13104/1/Statistical%20outline%20Gujarat%20state%202016.pdf |website=Gujarat State Survey and Statistics}}</ref>
![[GSDP]]<ref name=":1">{{Cite web |title=GSDP of Gujarat, Economic Growth Presentation and Reports {{!}} IBEF |url=https://webwww.archiveibef.org/webstates/20180804140544if_/http://www.mospi.gov.in/sites/default/files/publication_reports/Final1Brochure_30july2018.pdf |access-date=2022-12-07 |website=India Brand Equity Foundation |language=en}}</ref><ref>{{Cite web |date=2012-09-15 |title=Who really developed Gujarat, when and how much — trends in economic growth |url=https://counterview.org/2012/09/15/who-really-developed-gujarat-when-and-how-much-trends-in-economic-growth/ |access-date=2022-12-07 |website=counterview.org |language=en}}</ref><ref>{{Cite web |title=Economy of Gujarat |url=https://statisticstimes.com/economy/india/gujarat-economy.php |access-date=2022-12-07 |website=statisticstimes.com}}</ref>
![[GSDP]]<ref name=":1">{{Cite web |title=GSDP of Gujarat, Economic Growth Presentation and Reports {{!}} IBEF |url=https://webwww.archiveibef.org/webstates/20180804140544if_/http://www.mospi.gov.in/sites/default/files/publication_reports/Final1Brochure_30july2018.pdf |access-date=2022-12-07 |website=India Brand Equity Foundation}}{{Dead link|date=April 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><ref>{{Cite web |date=2012-09-15 |title=Who really developed Gujarat, when and how much — trends in economic growth |url=https://counterview.org/2012/09/15/who-really-developed-gujarat-when-and-how-much-trends-in-economic-growth/ |access-date=2022-12-07 |website=counterview.org}}</ref><ref>{{Cite web |title=Economy of Gujarat |url=https://statisticstimes.com/economy/india/gujarat-economy.php |access-date=2022-12-07 |website=statisticstimes.com}}</ref>
<small>(in Bil. US$nominal)</small>
<small>(in Bil. US$nominal)</small>
!'''GSDP per capita'''
!'''GSDP per capita'''
<small>(in US$ nominal)</small>
<small>(in US$ nominal)</small>
!'''growth rate'''
!'''growth rate'''
!'''Inflation rate'''<ref>{{Cite web |title=Reserve Bank of India - Publications |url=https://m.rbi.org.in//Scripts/PublicationsView.aspx?id=20079 |access-date=2022-12-10 |website=m.rbi.org.in}}</ref>
!'''Inflation rate'''<ref>{{Cite web |title=Reserve Bank of India – Publications |url=https://m.rbi.org.in//Scripts/PublicationsView.aspx?id=20079 |access-date=2022-12-10 |website=m.rbi.org.in}}</ref>
<small>(in Percent)</small>
<small>(in Percent)</small>
!'''Unemployment'''<ref>{{Cite web |title=Unemployment |url=https://unemploymentinindia.cmie.com/ |access-date=2022-12-10 |website=unemploymentinindia.cmie.com}}</ref><ref>{{Cite web |title=Unemployment and Employment |url=https://pib.gov.in/newsite/PrintRelease.aspx?relid=124224 |access-date=2022-12-10 |website=pib.gov.in}}</ref>
!'''Unemployment'''<ref>{{Cite web |title=Unemployment |url=https://unemploymentinindia.cmie.com/ |access-date=2022-12-10 |website=unemploymentinindia.cmie.com}}</ref><ref>{{Cite web |title=Unemployment and Employment |url=https://pib.gov.in/newsite/PrintRelease.aspx?relid=124224 |access-date=2022-12-10 |website=pib.gov.in}}</ref>
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|[[Indian rupee|₹]]2.25 [[lakh]] (US$2,800)
|[[Indian rupee|₹]]2.25 [[lakh]] (US$2,800)
|13.42
|13.42
| -0.8
| −0.8
|
|
|
|
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== Sectors ==
== Sectors ==
{| class="wikitable sortable"
{| class="wikitable sortable"
! colspan="1" rowspan="2" |<ref>{{Cite journal |first= |date= |title=GUJARAT Sector |url=https://mospi.gov.in/documents/213904/508579//Gujarat-%201615809459130.xlsx/12352a87-e4e6-09bf-ba60-e8f4527a128e |journal=Directorate of Economics and Statistics of the Respective State/Uts |via=mospi.gov.in}}</ref><ref>{{Cite web |title=Reserve Bank of India - Handbook of Statistics on Indian States |url=https://m.rbi.org.in/Scripts/AnnualPublications.aspx?head=Handbook%20of%20Statistics%20on%20Indian%20States |access-date=2022-12-27 |website=m.rbi.org.in}}</ref>
! colspan="1" rowspan="2" |<ref>{{Cite journal |title=GUJARAT Sector |url=https://mospi.gov.in/documents/213904/508579//Gujarat-%201615809459130.xlsx/12352a87-e4e6-09bf-ba60-e8f4527a128e |journal=Directorate of Economics and Statistics of the Respective State/Uts |via=mospi.gov.in}}</ref><ref>{{Cite web |title=Reserve Bank of India – Handbook of Statistics on Indian States |url=https://m.rbi.org.in/Scripts/AnnualPublications.aspx?head=Handbook%20of%20Statistics%20on%20Indian%20States |access-date=2022-12-27 |website=m.rbi.org.in}}</ref>
! colspan="1" rowspan="2" |Sector<ref>{{Cite web|title=Economy of Gujarat - StatisticsTimes.com|url=https://statisticstimes.com/economy/india/gujarat-economy.php|access-date=2022-12-04|website=statisticstimes.com}}</ref>
! colspan="1" rowspan="2" |Sector<ref>{{Cite web|title=Economy of Gujarat |url=https://statisticstimes.com/economy/india/gujarat-economy.php|access-date=2022-12-04|website=statisticstimes.com}}</ref>
! colspan="2" rowspan="1" |GVA (Rupees in Lakh) at current prices
! colspan="2" rowspan="1" |GVA (Rupees in Lakh) at current prices
! colspan="2" rowspan="1" |GVA (Rupees in Lakh) at 2011-12 prices
! colspan="2" rowspan="1" |GVA (Rupees in Lakh) at 2011–12 prices
|-
|-
! 2019–20
! colspan="1" rowspan="1" |2019-20
! colspan="1" rowspan="1" |% share
! % share
⚫
! 019-20
! colspan="1" rowspan="1" |2019-20
! colspan="1" rowspan="1" |% share
! % share
|-
|-
|1
|1
Line 764: Line 767:
|-
|-
|
|
| colspan="1" rowspan="1" |'''GVA at basic prices'''
| '''GVA at basic prices'''
|
| colspan="1" rowspan="1" |
| colspan="1" rowspan="1" |142,542,503
| 142,542,503
|
| colspan="1" rowspan="1" |
| colspan="1" rowspan="1" |109,108,163
| 109,108,163
|}
|}


===Industrial===
===Industrial===
One of India's most industrialized states, Gujarat maintains a variety of industries, the principal ones being general and [[electrical engineering]] and the manufacture of [[textiles]], [[vegetable oil]]s, chemicals, [[soda ash]], and cement. New industries include the production of [[fertilizer]]s and [[petrochemicals]]. Major resources produced by the state include cotton, peanuts, dates, sugarcane, and petrol. The state is rich in [[calcite]], [[gypsum]], [[manganese]], [[lignite]], [[bauxite]], limestone, agate, feldspar and quartz sand and successful mining of these minerals is done in their specified areas. Gujarat produces about 91% of India's required amount of soda ash and gives the country about 66% of its national requirement of salt. Chemical Industries in Gujarat count for more than 35% of Indian Chemicals production.
One of India's most industrialized states, Gujarat maintains a variety of industries, the principal ones being general and [[electrical engineering]] and the manufacture of [[textiles]], [[vegetable oil]]s, chemicals, [[soda ash]], and cement. New industries include the production of [[fertilizer]]s and [[petrochemicals]]. Major resources produced by the state include cotton, peanuts, dates, sugarcane, and petrol. The state is rich in [[calcite]], [[gypsum]], [[manganese]], [[lignite]], [[bauxite]], limestone, agate, feldspar and quartz sand and successful mining of these minerals is done in their specified areas. Gujarat produces about 91% of India's required amount of soda ash and gives the country about 66% of its national requirement of salt. Chemical industries in Gujarat count for more than 35% of Indian chemical production.


In recent years, Gujarat has gained a prominent place in India's automobile industry, with several automobile plants being set up in the state - [[Suzuki Motor Gujarat]] in Hansalpur near Ahmedabad, [[Tata Motors]] and [[Ford India]] in [[Sanand]], [[MG Motor]], [[Hero Motocorp]], [[JCB (company)|JCB]] in [[Halol]][[Honda Motorcycle and Scooter India|, Honda Motors and Scooters India]] in Vithalapur, etc.
In recent years, Gujarat has gained a prominent place in India's automobile industry, with several automobile plants being set up in the state: [[Suzuki Motor Gujarat]] in Hansalpur near Ahmedabad, [[Tata Motors]] and [[Ford India]] in [[Sanand]], [[MG Motor]], [[Hero Motocorp]], [[JCB (heavy equipment manufacturer)|JCB]] in [[Halol]][[Honda Motorcycle and Scooter India|, Honda Motors and Scooters India]] in Vithalapur, etc.


It is one of India's most prosperous states, having a per-capita GDP significantly above India's average. Kalol Khambat and [[Ankleshwar]] are today known for their oil and natural gas production. Dhuvaran has a thermal power station, which uses coal, oil and gas. The Tarapur nuclear station in Maharashtra supplies the remaining power. Also on the [[Gulf of Khambat]], 50 kilometers southeast of Bhavnagar, is the Alang Ship Recycling Yard (the world's largest). General Motors produces the ‘Astra’ car at Halol near Vadodara. Jalalpur is a large town of Gujarat, where several small and large textile industrial units have been established. Surat, a city by the Gulf of Khambat, is a hub of the global diamond trade.
It is one of India's most prosperous states, having a per-capita GDP significantly above India's average. Kalol Khambat and [[Ankleshwar]] are today known for their oil and natural gas production. Dhuvaran has a thermal power station, which uses coal, oil and gas. The Tarapur nuclear station in Maharashtra supplies the remaining power. Also on the [[Gulf of Khambat]], 50 kilometers southeast of Bhavnagar, is the Alang Ship Recycling Yard (the world's largest). General Motors produces the ‘Astra’ car at Halol near Vadodara. Jalalpur is a large town of Gujarat, where several small and large textile industrial units have been established. Surat, a city by the Gulf of Khambat, is a hub of the global diamond trade.
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===Agriculture===
===Agriculture===
Gujarat is the largest producer of major [[cash crop]] like [[cotton]], [[Peanut|groundnut]], [[tobacco]], [[cumin]], [[sesamum]], etc. in India. Other major crops produced are rice, wheat, jowar, bajra, maize, tur and gram. Gujarat has an agricultural economy the total crop area amounts to more than one-half of the total land area.
Gujarat is the largest producer of major [[cash crop|cash crops]] like [[cotton]], [[Peanut|groundnut]], [[tobacco]], [[cumin]], [[sesamum]], etc. in India. Other major crops produced are rice, wheat, jowar, bajra, maize, tur and gram. Gujarat has an agricultural economy the total crop area amounts to more than one-half of the total land area.


Animal husbandry and dairying have played a vital role in the [[rural economics|rural economy]] of Gujarat. Dairy farming, primarily concerned with milk production, functions on a cooperative basis and has more than a million members. Gujarat is the largest processor of milk in India. [[Amul]] milk co-operative federation products are well known all over India and is Asia's biggest dairy.<ref>{{cite web|author=Mitul Thakkar, TNN Sep 14, 2006, 12.53am IST |url=http://economictimes.indiatimes.com/articleshow/1988793.cms |title=Amul to become world's largest liquid milk brand – Economic Times |publisher=Economictimes.indiatimes.com |date=2006-09-14 |access-date=2012-07-09}}</ref> Among livestock raised are buffalo and other cattle, sheep, and goats. As per the results of livestock census 1997, there were 209.70 lakh livestock in Gujarat state. As per the estimates of the survey of major livestock products, during the year 2002–03 the Gujarat produced 6.09 million tonnes of milk, 385 million eggs and 2.71 million kg of wool. Gujarat also contributes inputs to industries like textiles, oil and soap.
Animal husbandry and dairying have played a vital role in the [[rural economics|rural economy]] of Gujarat. Dairy farming, primarily concerned with milk production, functions on a cooperative basis and has more than a million members. Gujarat is the largest processor of milk in India. [[Amul]] milk co-operative federation products are well known all over India and is Asia's biggest dairy.<ref>{{cite web|author=Mitul Thakkar |url=http://economictimes.indiatimes.com/articleshow/1988793.cms |title=Amul to become world's largest liquid milk brand |work=The Economic Times |date=2006-09-14 |access-date=2012-07-09}}</ref> Among livestock raised are buffalo and other cattle, sheep, and goats. As per the results of livestock census 1997, there were 209.70 lakh livestock in Gujarat state. As per the estimates of the survey of major livestock products, during the year 2002–03 the Gujarat produced 6.09 million tonnes of milk, 385 million eggs and 2.71 million kg of wool. Gujarat also contributes inputs to industries like textiles, oil and soap.
{| class="wikitable"
{| class="wikitable"
!Segment<ref name=":1" />
!Segment<ref name=":1" />
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|}
|}
{| class="wikitable" style="text-align: center;"
{| class="wikitable" style="text-align: center;"
! colspan="19" |'''GUJARAT - PRODUCTION OF FOODGRAINS'''
! colspan="19" |'''GUJARAT – PRODUCTION OF FOODGRAINS'''
|-
|-
!Year<ref>{{Cite web |title=Reserve Bank of India - Handbook of Statistics on Indian States |url=https://m.rbi.org.in/Scripts/AnnualPublications.aspx?head=Handbook%20of%20Statistics%20on%20Indian%20States |access-date=2023-01-16 |website=m.rbi.org.in}}</ref>
!Year<ref>{{Cite web |title=Reserve Bank of India – Handbook of Statistics on Indian States |url=https://m.rbi.org.in/Scripts/AnnualPublications.aspx?head=Handbook%20of%20Statistics%20on%20Indian%20States |access-date=2023-01-16 |website=m.rbi.org.in}}</ref>
!2021–22
!2021-22
!2020–21
!2020-21
!2019–20
⚫
!2019-20
!2018–19
!2018-19
!2017–18
!2017-18
!2016–17
!2016-17
!2015–16
!2015-16
!2014–15
!2014-15
!2013–14
!2013-14
!2012–13
!2012-13
!2011–12
!2011-12
!2010–11
!2010-11
!2009–10
!2009-10
!2008–09
!2008-09
!2007–08
!2007-08
!2006–07
!2006-07
!2005–06
!2005-06
!2004–05
!2004-05
|-
|-
|Rice
|Rice
Line 1,144: Line 1,147:
|}
|}


===Automobile===
===Automobiles===
[[File:Gujarat_Automobile.jpg|520px|thumb|right|Automobile Industry in Gujarat]]
[[File:Gujarat_Automobile.jpg|520px|thumb|right|Automobile Industry in Gujarat]]
Gujarat has been witnessing increasing investment both from Indian and foreign companies in recent times on account of its pro-business policies and this has augmented well for the engineering industry in Gujarat, which contributes to about 10% of the country’s total engineering output. The automotive sector
Gujarat has been witnessing increasing investment both from Indian and foreign companies in recent times on account of its pro-business policies and this has augmented well for the engineering industry in Gujarat, which contributes to about 10% of the country’s total engineering output. The automotive sector
in Gujarat is still at a relatively nascent stage, and contributes to about 5% of the country’s total automotive output.important players in the region include [[Asia Motor Works]], [[Atul Auto]], Munjal Auto India Ltd. and [[Electrotherm]]. Rajkot district is the largest cluster for the production of auto components and diesel engines in the state. Gujarat has offered several incentives to [[Suzuki Motors]] to set up an export-oriented unit for production and export of its popular models including the A-Star. The state would assist the company in setting up railway links from its production unit to [[Mundra Port]].
in Gujarat is still at a relatively nascent stage, and contributes to about 5% of the country’s total automotive output.important players in the region include [[Asia Motor Works]], [[Atul Auto]], Munjal Auto India Ltd. and [[Electrotherm]]. Rajkot district is the largest cluster for the production of auto components and diesel engines in the state. Gujarat has offered several incentives to [[Suzuki Motors]] to set up an export-oriented unit for production and export of its popular models including the A-Star. The state would assist the company in setting up railway links from its production unit to [[Mundra Port]].


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]], [[MG Motor India|MG Motor]] 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 Motor]]s, a subsidiary of China's largest automobile company [[SAIC Motor]]s, 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|publisher=livemint.com |date=2017-09-28 |access-date=2018-08-20}}</ref>
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|agency=Press Trust of India|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 |work=The Economic Times |date=2017-07-13 |access-date=2018-08-20}}</ref> Major multinational automobile companies like [[Suzuki Motor]], [[Ford India]], [[Honda]], [[MG Motor India|MG Motor]] 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 |work=The Economic Times |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 |work=The Economic Times |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 Motor]]s, a subsidiary of China's largest automobile company [[SAIC Motor]]s, 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|publisher=livemint.com |date=2017-09-28 |access-date=2018-08-20}}</ref>
{| class="wikitable sortable"
{| class="wikitable sortable"
! colspan="4" |'''Automotive Companies in Gujarat'''
! colspan="4" |'''Automotive Companies in Gujarat'''
Line 1,165: Line 1,168:
* Tigor
* Tigor
* Tigor EV
* Tigor EV
| colspan="1" |<ref>{{Cite news |date=2022-08-07 |title=Tata Motors Agrees to Buy Ford's Gujarat Plant for $92 Million |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2022-08-07/tata-motors-agrees-to-buy-ford-s-gujarat-plant-for-92-million |access-date=2022-12-31}}</ref><ref>{{Cite web |date=2019-07-12 |title=Tata Group to set up Rs 4,000 crore lithium-ion battery plant |url=https://www.dholeraprime.com/tata-group-to-set-up-rs-4000-crore-lithium-ion-battery-plant/ |access-date=2022-12-31 |website=Dholera Prime |language=en-US}}</ref><ref>{{Cite news |date=2022-04-15 |title=Gujarat: Tata Motors to produce 2 lakh electric vehicles at Ford plant |work=The Times of India |url=https://timesofindia.indiatimes.com/city/ahmedabad/tata-motors-to-produce-2-lakh-evs-at-ford-plant/articleshow/90831241.cms |access-date=2023-04-02 |issn=0971-8257}}</ref>
| colspan="1" |<ref>{{Cite news |date=2022-08-07 |title=Tata Motors Agrees to Buy Ford's Gujarat Plant for $92 Million|work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2022-08-07/tata-motors-agrees-to-buy-ford-s-gujarat-plant-for-92-million |access-date=2022-12-31}}</ref><ref>{{Cite web |date=2019-07-12 |title=Tata Group to set up Rs 4,000 crore lithium-ion battery plant |url=https://www.dholeraprime.com/tata-group-to-set-up-rs-4000-crore-lithium-ion-battery-plant/ |access-date=2022-12-31 |website=Dholera Prime}}</ref><ref>{{Cite news |date=2022-04-15 |title=Gujarat: Tata Motors to produce 2 lakh electric vehicles at Ford plant |work=The Times of India |url=https://timesofindia.indiatimes.com/city/ahmedabad/tata-motors-to-produce-2-lakh-evs-at-ford-plant/articleshow/90831241.cms |access-date=2023-04-02 |issn=0971-8257}}</ref>
|-
|-
|[[MG Motor India]]
|[[MG Motor India]]
Line 1,173: Line 1,176:
* MG Hector
* MG Hector
* ZS EV
* ZS EV
|<ref>{{Cite web |last=Livemint |date=2022-04-11 |title=MG Motor to invest ₹4,000 cr for 2nd plant to take capacity to 3L units |url=https://www.livemint.com/companies/mg-motor-to-invest-rs-4-000-cr-for-2nd-plant-to-take-capacity-to-3l-units-11649675213529.html |access-date=2023-04-02 |website=www.livemint.com |language=en}}</ref><ref>{{Cite web |title=MG Motor India to invest $100 million to expand capacity, eyes 70 percent growth in 2023 |url=https://www.autocarpro.in/news/mg-motor-india-to-invest-$100-million-to-expand-capacity-eyes-70-percent-growth-in-2023-113797 |access-date=2023-04-02 |website=Autocar Professional}}</ref><ref>{{Cite web |title=MG Motor to invest Rs 4k cr in its second facility - The New Indian Express |url=https://www.newindianexpress.com/business/2022/apr/12/mg-motor-to-invest-rs-4k-cr-in-its-second-facility-2441028.amp |access-date=2023-04-02 |website=www.newindianexpress.com}}</ref><ref>{{Cite web |title=MG Motor Eyes Profits in 2023, To Explore Options Going Forward |url=https://www.mobilityoutlook.com/features/mg-motor-eyes-profits-in-2023-to-explore-options-going-forward/ |access-date=2023-04-02 |website=Mobility Outlook}}</ref>
|<ref>{{Cite web |last=Livemint |date=2022-04-11 |title=MG Motor to invest ₹4,000 cr for 2nd plant to take capacity to 3L units |url=https://www.livemint.com/companies/mg-motor-to-invest-rs-4-000-cr-for-2nd-plant-to-take-capacity-to-3l-units-11649675213529.html |access-date=2023-04-02 |website=livemint.com}}</ref><ref>{{Cite web |title=MG Motor India to invest $100 million to expand capacity, eyes 70 percent growth in 2023 |url=https://www.autocarpro.in/news/mg-motor-india-to-invest-$100-million-to-expand-capacity-eyes-70-percent-growth-in-2023-113797 |access-date=2023-04-02 |website=Autocar Professional}}</ref><ref>{{Cite web |title=MG Motor to invest Rs 4k cr in its second facility – The New Indian Express |url=https://www.newindianexpress.com/amp/story/business/2022/apr/12/mg-motor-to-invest-rs-4k-cr-in-its-second-facility-2441028.html |access-date=2023-04-02 |website=The New Indian Express|date=8 April 2022 }}</ref><ref>{{Cite web |title=MG Motor Eyes Profits in 2023, To Explore Options Going Forward |url=https://www.mobilityoutlook.com/features/mg-motor-eyes-profits-in-2023-to-explore-options-going-forward/ |access-date=2023-04-02 |website=Mobility Outlook}}</ref>
|-
|-
|[[Ashok Leyland]]
|[[Ashok Leyland]]
Line 1,191: Line 1,194:
* Agricultural equipment
* Agricultural equipment
* Utility vehicles
* Utility vehicles
|<ref>{{Cite news |date=2011-01-12 |title=Vibrant Gujarat 2011: Mahindra to invest Rs 3,000 cr |work=The Economic Times |url=https://economictimes.indiatimes.com/news/politics-and-nation/vibrant-gujarat-2011-mahindra-to-invest-rs-3000-cr/articleshow/7268029.cms?from=mdr |access-date=2023-04-02 |issn=0013-0389}}</ref>
|<ref>{{Cite news |date=2011-01-12 |title=Vibrant Gujarat 2011: Mahindra to invest Rs 3,000 cr |work=The Economic Times |url=https://economictimes.indiatimes.com/news/politics-and-nation/vibrant-gujarat-2011-mahindra-to-invest-rs-3000-cr/articleshow/7268029.cms |access-date=2023-04-02 |issn=0013-0389}}</ref>
|-
|-
|[[Atul Auto]]
|[[Atul Auto]]
Line 1,202: Line 1,205:
* Rik
* Rik
* Smart
* Smart
|<ref>{{Cite news |last=Mishra |first=Piyush |date=2014-03-27 |title=Atul Auto to set up new unit near Ahmedabad |work=The Economic Times |url=https://economictimes.indiatimes.com/atul-auto-to-set-up-new-unit-near-ahmedabad/articleshow/32774657.cms?from=mdr |access-date=2023-04-02 |issn=0013-0389}}</ref><ref>{{Cite news |date=2012-11-19 |title=Atul Auto net up 23 pc; to double capacity at Rajkot plant |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/earnings/atul-auto-net-up-23-pc-to-double-capacity-at-rajkot-plant/articleshow/17281803.cms |access-date=2023-04-02 |issn=0013-0389}}</ref><ref>{{Cite web |last=Standard |first=Business |date=2014-09-16 |title=Atul Auto's new facility near A'bad to produce 60,000 units per annum |url=https://www.business-standard.com/amp/amp/article/companies/atul-auto-s-new-facility-near-a-bad-to-produce-60-000-units-per-annum-114091601521_1.html |access-date=2023-04-02 |website=www.business-standard.com |language=en-US}}</ref>
|<ref>{{Cite news |last=Mishra |first=Piyush |date=2014-03-27 |title=Atul Auto to set up new unit near Ahmedabad |work=The Economic Times |url=https://economictimes.indiatimes.com/atul-auto-to-set-up-new-unit-near-ahmedabad/articleshow/32774657.cms |access-date=2023-04-02 |issn=0013-0389}}</ref><ref>{{Cite news |date=2012-11-19 |title=Atul Auto net up 23 pc; to double capacity at Rajkot plant |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/earnings/atul-auto-net-up-23-pc-to-double-capacity-at-rajkot-plant/articleshow/17281803.cms |access-date=2023-04-02 |issn=0013-0389}}</ref><ref>{{Cite web |last=Dave|first=Vimukt |date=16 September 2014 |title=Atul Auto's new facility near A'bad to produce 60,000 units per annum |url=https://www.business-standard.com/amp/amp/article/companies/atul-auto-s-new-facility-near-a-bad-to-produce-60-000-units-per-annum-114091601521_1.html |access-date=13 March 2024 |website=Business Standard}}</ref>
|-
|-
|[[Honda Motorcycle and Scooter India]]
|[[Honda Motorcycle and Scooter India]]
Line 1,208: Line 1,211:
* Vithalapur, [[Mandal taluka, Ahmedabad district|Mandal taluka, Ahmedabad]]
* Vithalapur, [[Mandal taluka, Ahmedabad district|Mandal taluka, Ahmedabad]]
|
|
|<ref>{{Cite web |last=PTI |date=2014-09-30 |title=Honda Motorcycle to invest Rs1,100 crore to set up two-wheeler plant in Gujarat |url=https://www.livemint.com/Industry/NBmqWncmugJIourOOX0M1H/Honda-Motorcycle-to-invest-Rs1100-crore-to-set-up-twowheel.html |access-date=2023-04-02 |website=www.livemint.com |language=en}}</ref><ref>{{Cite news |date=2014-10-01 |title=HMSI to invest Rs 1,100 cr to set up 2-wheeler plant in Gujarat |work=The Economic Times |url=https://economictimes.indiatimes.com/honda-motorcycle-and-scooter-to-invest-rs-1100-cr-to-set-up-two-wheeler-plant-in-gujarat/articleshow/43956372.cms?from=mdr |access-date=2023-04-02 |issn=0013-0389}}</ref><ref>{{Cite web |title=Honda to Invest Rs 1,100 Crore to Set Up Two-Wheeler Plant in Gujarat |url=https://www.ndtv.com/business/honda-to-invest-rs-1-100-crore-to-set-up-two-wheeler-plant-in-gujarat-673375 |access-date=2023-04-02 |website=NDTV.com}}</ref><ref>{{Cite news |date=2018-10-04 |title=Honda Motorcycle & Scooter India to invest Rs 630cr to ramp up capacity |work=The Times of India |url=https://timesofindia.indiatimes.com/auto/bikes/honda-motorcycle-scooter-india-to-invest-rs-630cr-to-ramp-up-capacity/articleshow/66070403.cms |access-date=2023-04-02 |issn=0971-8257}}</ref>
|<ref>{{Cite web |last=PTI |date=2014-09-30 |title=Honda Motorcycle to invest Rs1,100 crore to set up two-wheeler plant in Gujarat |url=https://www.livemint.com/Industry/NBmqWncmugJIourOOX0M1H/Honda-Motorcycle-to-invest-Rs1100-crore-to-set-up-twowheel.html |access-date=2023-04-02 |website=livemint.com}}</ref><ref>{{Cite news |date=2014-10-01 |title=HMSI to invest Rs 1,100 cr to set up 2-wheeler plant in Gujarat |work=The Economic Times |url=https://economictimes.indiatimes.com/honda-motorcycle-and-scooter-to-invest-rs-1100-cr-to-set-up-two-wheeler-plant-in-gujarat/articleshow/43956372.cms |access-date=2023-04-02 |issn=0013-0389}}</ref><ref>{{Cite web |title=Honda to Invest Rs 1,100 Crore to Set Up Two-Wheeler Plant in Gujarat |url=https://www.ndtv.com/business/honda-to-invest-rs-1-100-crore-to-set-up-two-wheeler-plant-in-gujarat-673375 |access-date=2023-04-02 |website=NDTV.com|date=30 September 2014 }}</ref><ref>{{Cite news |date=2018-10-04 |title=Honda Motorcycle & Scooter India to invest Rs 630cr to ramp up capacity |work=The Times of India |url=https://timesofindia.indiatimes.com/auto/bikes/honda-motorcycle-scooter-india-to-invest-rs-630cr-to-ramp-up-capacity/articleshow/66070403.cms |access-date=2023-04-02 |issn=0971-8257}}</ref>
|-
|-
|[[Hero MotoCorp|Hero Motocorp]]
|[[Hero MotoCorp]]
|
|
* [[Halol]]
* [[Halol]]
|
|
|<ref>{{Cite web |last=Raj |first=Amrit |date=2015-08-18 |title=Hero MotoCorp plans to develop Gujarat plant into an export hub |url=https://www.livemint.com/Companies/ZZPW6KQCeP40F3nKqvIXIK/Hero-MotoCorp-to-develop-Gujarat-plant-into-an-export-hub.html |access-date=2023-04-02 |website=www.livemint.com |language=en}}</ref><ref>{{Cite web |date=2012-03-09 |title=Hero MotoCorp to invest Rs 1,200 cr in Gujarat unit |url=https://www.businesstoday.in/auto/story/hero-motocorp-new-plant-gujarat-27590-2012-03-09 |access-date=2023-04-02 |website=Business Today |language=en}}</ref><ref>{{Cite web |title=Hero MotoCorp to invest Rs 2,575 cr in new plants, R&D centre |url=https://www.ndtv.com/business/hero-motocorp-to-invest-rs-2-575-cr-in-new-plants-r-d-centre-305545 |access-date=2023-04-02 |website=NDTV.com}}</ref>
|<ref>{{Cite web |last=Raj |first=Amrit |date=2015-08-18 |title=Hero MotoCorp plans to develop Gujarat plant into an export hub |url=https://www.livemint.com/Companies/ZZPW6KQCeP40F3nKqvIXIK/Hero-MotoCorp-to-develop-Gujarat-plant-into-an-export-hub.html |access-date=2023-04-02 |website=livemint.com}}</ref><ref>{{Cite web |date=2012-03-09 |title=Hero MotoCorp to invest Rs 1,200 cr in Gujarat unit |url=https://www.businesstoday.in/auto/story/hero-motocorp-new-plant-gujarat-27590-2012-03-09 |access-date=2023-04-02 |website=Business Today}}</ref><ref>{{Cite web |title=Hero MotoCorp to invest Rs 2,575 cr in new plants, R&D centre |url=https://www.ndtv.com/business/hero-motocorp-to-invest-rs-2-575-cr-in-new-plants-r-d-centre-305545 |access-date=2023-04-02 |website=NDTV.com|date=4 June 2012 }}</ref>
|-
|-
|[[Asia Motor Works]]
|[[Asia Motor Works]]
Line 1,220: Line 1,223:
* [[Bhuj]]
* [[Bhuj]]
|
|
|<ref>{{Cite web |title=AMW – Bhuj Vehicles Manufacturing Plant Expansion – Gujarat |url=https://www.globaldata.com/store/report/amw-bhuj-vehicles-manufacturing-plant-expansion-gujarat/ |access-date=2023-04-02 |website=Market Research Reports & Consulting {{!}} GlobalData UK Ltd. |language=en-US}}</ref>
|<ref>{{Cite web |title=AMW – Bhuj Vehicles Manufacturing Plant Expansion – Gujarat |url=https://www.globaldata.com/store/report/amw-bhuj-vehicles-manufacturing-plant-expansion-gujarat/ |access-date=2023-04-02 |website=Market Research Reports & Consulting {{!}} GlobalData UK Ltd.}}</ref>
|-
|-
|[[Suzuki Motor Gujarat]]
|[[Suzuki Motor Gujarat]]
Line 1,226: Line 1,229:
* Hansalpur Becharaji, [[Mandal taluka, Ahmedabad district]]
* Hansalpur Becharaji, [[Mandal taluka, Ahmedabad district]]
|
|
* [[Suzuki Baleno (subcompact)|Suzuki Baleno]] - 250,000 units/year
* [[Suzuki Baleno (subcompact)|Suzuki Baleno]] – 250,000 units/year
* [[Suzuki Swift]] - 250,000 units/year
* [[Suzuki Swift]] – 250,000 units/year
* P [[Suzuki Dzire]] - 250,000 units/year
* P [[Suzuki Dzire]] – 250,000 units/year
* Powertrain plant - [[Suzuki K engine|K12]] petrol engine
* Powertrain plant – [[Suzuki K engine|K12]] petrol engine
|<ref>{{Cite news |title=Suzuki to invest Rs 30,000 cr on 2 new plants, PM Modi lays foundation stone |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/auto/auto-news/suzuki-to-invest-rs-30000-cr-on-2-new-plants-pm-lays-foundation-stone/articleshow/93839801.cms?from=mdr |access-date=2022-12-31}}</ref><ref>{{Cite news |date=2015-12-25 |title=Gujarat government extends Maruti benefits to parent firm |work=The Times of India |url=https://timesofindia.indiatimes.com/business/india-business/gujarat-government-extends-maruti-benefits-to-parent-firm/articleshow/50320581.cms?from=mdr |access-date=2023-04-02 |issn=0971-8257}}</ref><ref>{{Cite web |title=japan: Suzuki announces Rs 10,440 crore investment in Gujarat for EV and battery manufacturing - The Economic Times |url=https://m.economictimes.com/industry/renewables/suzuki-announces-rs-10440-crore-investment-in-gujarat-for-ev-and-battery-manufacturing/amp_articleshow/90331167.cms |access-date=2023-04-02 |website=m.economictimes.com}}</ref>
|<ref>{{Cite news |title=Suzuki to invest Rs 30,000 cr on 2 new plants, PM Modi lays foundation stone |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/auto/auto-news/suzuki-to-invest-rs-30000-cr-on-2-new-plants-pm-lays-foundation-stone/articleshow/93839801.cms |access-date=2022-12-31}}</ref><ref>{{Cite news |date=2015-12-25 |title=Gujarat government extends Maruti benefits to parent firm |work=The Times of India |url=https://timesofindia.indiatimes.com/business/india-business/gujarat-government-extends-maruti-benefits-to-parent-firm/articleshow/50320581.cms |access-date=2023-04-02 |issn=0971-8257}}</ref><ref>{{Cite news |title=japan: Suzuki announces Rs 10,440 crore investment in Gujarat for EV and battery manufacturing |url=https://economictimes.indiatimes.com/industry/renewables/suzuki-announces-rs-10440-crore-investment-in-gujarat-for-ev-and-battery-manufacturing/articleshow/90331167.cms |access-date=2023-04-02 |website=[[The Economic Times]]|date=20 March 2022 }}</ref>
|-
|-
| [[Ford India]]
| [[Ford India]]
Line 1,238: Line 1,241:
* EcoSport
* EcoSport
* Aspire
* Aspire
|<ref>{{Cite web |date=2011-07-28 |title=Ford drives into Sanand; to invest Rs 4,000 cr in new plant |url=https://www.thehindubusinessline.com/companies/ford-drives-into-sanand-to-invest-rs-4000-cr-in-new-plant/article20311183.ece1 |access-date=2023-04-02 |website=www.thehindubusinessline.com |language=en}}</ref><ref>{{Cite web |last=Briefing |first=India |date=2011-07-29 |title=Ford to Invest US$1 Billion in New Gujarat Plant |url=https://www.india-briefing.com/news/ford-invest-us1-billion-gujarat-plant-4934.html/ |access-date=2023-04-02 |website=India Briefing News |language=en}}</ref>
|<ref>{{Cite web |date=2011-07-28 |title=Ford drives into Sanand; to invest Rs 4,000 cr in new plant |url=https://www.thehindubusinessline.com/companies/ford-drives-into-sanand-to-invest-rs-4000-cr-in-new-plant/article20311183.ece1 |access-date=2023-04-02 |website=Business Line}}</ref><ref>{{Cite web |last=Briefing |first=India |date=2011-07-29 |title=Ford to Invest US$1 Billion in New Gujarat Plant |url=https://www.india-briefing.com/news/ford-invest-us1-billion-gujarat-plant-4934.html/ |access-date=2023-04-02 |website=India Briefing News}}</ref>
|-
|-
|[[General Motors]]
|[[General Motors]]
Line 1,244: Line 1,247:
* [[Halol]]
* [[Halol]]
|
|
|<ref>{{Cite web |last=Standard |first=Business |date=2011-01-12 |title=GM to invest $100 mn at Halol, Gujarat |url=https://www.business-standard.com/amp/amp/article/companies/gm-to-invest-100-mn-at-halol-gujarat-111011200179_1.html |access-date=2023-04-02 |website=www.business-standard.com |language=en-US}}</ref>
|<ref>{{Cite web |agency=Press Trust of India|date=2011-01-12 |title=GM to invest $100 mn at Halol, Gujarat |url=https://www.business-standard.com/amp/amp/article/companies/gm-to-invest-100-mn-at-halol-gujarat-111011200179_1.html |access-date=2023-04-02 |website=Business Standard}}</ref>
|-
|-
|[[Triton motorcycle|Triton EV]]
|[[Triton motorcycle|Triton EV]]
Line 1,251: Line 1,254:
|
|
* Trucks
* Trucks
|<ref>{{Cite web |agency=TNN|date=Apr 6, 2022 |title=US-based Triton EV to invest Rs 10,800 crore in Gujarat {{!}} Ahmedabad News - Times of India |url=https://timesofindia.indiatimes.com/city/ahmedabad/us-based-triton-ev-to-invest-rs-10800-crore-in-gujarat/articleshow/90674011.cms |access-date=2022-12-31 |website=The Times of India |language=en}}</ref><ref>{{Cite web |title=Triton EV Established Its World Largest R&D Facility Near Ahmedabad |url=https://www.businesswireindia.com/triton-ev-established-its-world-largest-r-and-d-facility-near-ahmedabad-78999.html |access-date=2023-04-02 |website=www.businesswireindia.com |language=en}}</ref><ref>{{Cite web |title=Triton EV with Four Major Companies to Develop Asia's Biggest EV Manufacturing Hub in Gujarat with an Investment of Rs 10800 Crores |url=https://www.businesswireindia.com/triton-ev-with-four-major-companies-to-develop-asias-biggest-ev-manufacturing-hub-in-gujarat-with-an-investment-of-rs-10800-crores-78174.html |access-date=2023-04-02 |website=www.businesswireindia.com |language=en}}</ref><ref>{{Cite web |title=Triton EV |url=https://www.tritonev.co/}}</ref>
|<ref>{{Cite web |agency=TNN|date=Apr 6, 2022 |title=US-based Triton EV to invest Rs 10,800 crore in Gujarat {{!}} Ahmedabad News |url=https://timesofindia.indiatimes.com/city/ahmedabad/us-based-triton-ev-to-invest-rs-10800-crore-in-gujarat/articleshow/90674011.cms |access-date=2022-12-31 |website=The Times of India}}</ref><ref>{{Cite web |title=Triton EV Established Its World Largest R&D Facility Near Ahmedabad |url=https://www.businesswireindia.com/triton-ev-established-its-world-largest-r-and-d-facility-near-ahmedabad-78999.html |access-date=2023-04-02 |website=businesswireindia.com}}</ref><ref>{{Cite web |title=Triton EV with Four Major Companies to Develop Asia's Biggest EV Manufacturing Hub in Gujarat with an Investment of Rs 10800 Crores |url=https://www.businesswireindia.com/triton-ev-with-four-major-companies-to-develop-asias-biggest-ev-manufacturing-hub-in-gujarat-with-an-investment-of-rs-10800-crores-78174.html |access-date=2023-04-02 |website=businesswireindia.com}}</ref><ref>{{Cite web |title=Triton EV |url=https://www.tritonev.co/}}</ref>
|-
|-
|[[Electrotherm]]
|[[Electrotherm]]
Line 1,257: Line 1,260:
* [[Ahmedabad]]
* [[Ahmedabad]]
|
|
|<ref>{{Cite news |date=2007-11-09 |title=Electrotherm to make batteries for electric vehicles |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/electrotherm-to-make-batteries-for-electric-vehicles/articleshow/2530154.cms?from=mdr |access-date=2023-04-02 |issn=0013-0389}}</ref>
|<ref>{{Cite news |date=2007-11-09 |title=Electrotherm to make batteries for electric vehicles |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/electrotherm-to-make-batteries-for-electric-vehicles/articleshow/2530154.cms |access-date=2023-04-02 |issn=0013-0389}}</ref>
|-
|-
|[[Suzuki Motorcycle India Limited|Suzuki Motorcycle India]]
|[[Suzuki Motorcycle India Limited|Suzuki Motorcycle India]]
Line 1,268: Line 1,271:
|
|
|
|
|<ref>{{Cite news |last=Dilipkumar |first=Bhavya |title=JSW Group announces EV Policy for employees, incentive of Rs 3 lakhs to buy EV vehicles |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/renewables/jsw-group-announces-ev-policy-for-employees-incentive-of-rs-3-lakhs-to-buy-ev-vehicles/articleshow/88530125.cms?from=mdr |access-date=2022-12-31}}</ref><ref>{{Cite web |date=2017-09-26 |title=Electric vehicles: JSW inks MoU with Gujarat, to invest Rs 4000 cr |url=https://www.thehindubusinessline.com/companies/electric-vehicles-jsw-inks-mou-with-gujarat-to-invest-rs-4000-cr/article9874239.ece |access-date=2023-04-02 |website=www.thehindubusinessline.com |language=en}}</ref><ref>{{Cite web |last=Das |first=Sohini |date=2017-09-27 |title=JSW Energy to set up Rs 4k-cr electric car manufacturing plant in Gujarat |url=https://www.business-standard.com/article/companies/jsw-energy-to-set-up-rs-4k-cr-electric-car-manufacturing-plant-in-gujarat-117092601225_1.html |access-date=2022-12-31 |website=www.business-standard.com |language=en}}</ref><ref>{{Cite news |date=2017-09-28 |title=Gujarat ignites aim to be electric-vehicles hub |work=The Times of India |url=https://timesofindia.indiatimes.com/city/ahmedabad/gujarat-ignites-aim-to-be-electric-vehicles-hub/articleshow/60863966.cms |access-date=2023-04-02 |issn=0971-8257}}</ref>
|<ref>{{Cite news |last=Dilipkumar |first=Bhavya |title=JSW Group announces EV Policy for employees, incentive of Rs 3 lakhs to buy EV vehicles |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/renewables/jsw-group-announces-ev-policy-for-employees-incentive-of-rs-3-lakhs-to-buy-ev-vehicles/articleshow/88530125.cms |access-date=2022-12-31}}</ref><ref>{{Cite web |date=2017-09-26 |title=Electric vehicles: JSW inks MoU with Gujarat, to invest Rs 4000 cr |url=https://www.thehindubusinessline.com/companies/electric-vehicles-jsw-inks-mou-with-gujarat-to-invest-rs-4000-cr/article9874239.ece |access-date=2023-04-02 |website=Business Line}}</ref><ref>{{Cite web |last=Das |first=Sohini |date=2017-09-27 |title=JSW Energy to set up Rs 4k-cr electric car manufacturing plant in Gujarat |url=https://www.business-standard.com/article/companies/jsw-energy-to-set-up-rs-4k-cr-electric-car-manufacturing-plant-in-gujarat-117092601225_1.html |access-date=2022-12-31 |website=Business Standard}}</ref><ref>{{Cite news |date=2017-09-28 |title=Gujarat ignites aim to be electric-vehicles hub |work=The Times of India |url=https://timesofindia.indiatimes.com/city/ahmedabad/gujarat-ignites-aim-to-be-electric-vehicles-hub/articleshow/60863966.cms |access-date=2023-04-02 |issn=0971-8257}}</ref>
|-
|-
|Matter EV
|Matter EV
Line 1,275: Line 1,278:
* [[Vadodara]]
* [[Vadodara]]
|
|
|<ref>{{Cite web |last=Umarji |first=Vinay |date=2021-12-06 |title=EV start-up Matter signs MoU with Gujarat govt for Rs 1,500 crore |url=https://www.business-standard.com/article/automobile/ev-start-up-matter-signs-mou-with-gujarat-govt-for-rs-1-500-crore-121120600974_1.html |access-date=2022-12-31 |website=www.business-standard.com |language=en}}</ref><ref>{{Cite news |title=EV startup Matter unveils geared electric motorcycle, plans 200 dealerships in next 12 months |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/renewables/ev-startup-matter-unveils-geared-electric-motorcycle-plans-200-dealerships-in-next-12-months/articleshow/95678286.cms?from=mdr |access-date=2023-01-02}}</ref><ref>{{Cite web |last=Rudra |first=Tapanjana |date=2022-06-24 |title=Matter Closes $10 Mn Funding Round To Build Products, Launch EV Two-Wheeler In 2022 |url=https://inc42.com/buzz/matter-closes-10-mn-dollar-funds-to-launch-its-ev-two-wheeler-by-2022-end/ |access-date=2023-01-02 |website=Inc42 Media |language=en}}</ref>
|<ref>{{Cite web |last=Umarji |first=Vinay |date=2021-12-06 |title=EV start-up Matter signs MoU with Gujarat govt for Rs 1,500 crore |url=https://www.business-standard.com/article/automobile/ev-start-up-matter-signs-mou-with-gujarat-govt-for-rs-1-500-crore-121120600974_1.html |access-date=2022-12-31 |website=Business Standard}}</ref><ref>{{Cite news |title=EV startup Matter unveils geared electric motorcycle, plans 200 dealerships in next 12 months |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/renewables/ev-startup-matter-unveils-geared-electric-motorcycle-plans-200-dealerships-in-next-12-months/articleshow/95678286.cms |access-date=2023-01-02}}</ref><ref>{{Cite web |last=Rudra |first=Tapanjana |date=2022-06-24 |title=Matter Closes $10 Mn Funding Round To Build Products, Launch EV Two-Wheeler In 2022 |url=https://inc42.com/buzz/matter-closes-10-mn-dollar-funds-to-launch-its-ev-two-wheeler-by-2022-end/ |access-date=2023-01-02 |website=Inc42 Media}}</ref>
|-
|-
|Wardwizard Innovations & Mobility
|Wardwizard Innovations & Mobility
Line 1,282: Line 1,285:
* [[Vadodara]]
* [[Vadodara]]
|
|
|<ref>{{Cite web |date=2021-12-20 |title=Wardwizard lines up Rs 500 crore investment in Gujarat |url=https://wardwizard.in/news/wardwizard-lines-up-rs-500-crore-investment-in-gujarat/ |access-date=2022-12-31 |website=Wardwizard Innovations & Mobility Limited |language=en-US}}</ref><ref>{{Cite web |date=2021-12-20 |title=WardWizard to invest ₹500 crore in Gujarat for EV ancillary units |url=https://www.livemint.com/auto-news/wardwizard-to-invest-rs-500-crore-in-gujarat-for-ev-ancillary-units-11639993851610.html |access-date=2023-04-02 |website=www.livemint.com |language=en}}</ref><ref>{{Cite web |agency=PTI|date=Jan 25, 2022 |title=WardWizard Innovations to set up country's first EV cluster in Vadodra - Times of India |url=https://timesofindia.indiatimes.com/auto/news/wardwizard-innovations-to-set-up-countrys-first-ev-cluster-in-vadodra/articleshow/89099245.cms |access-date=2022-12-31 |website=The Times of India |language=en}}</ref>
|<ref>{{Cite web |date=2021-12-20 |title=Wardwizard lines up Rs 500 crore investment in Gujarat |url=https://wardwizard.in/news/wardwizard-lines-up-rs-500-crore-investment-in-gujarat/ |access-date=2022-12-31 |website=Wardwizard Innovations & Mobility Limited}}</ref><ref>{{Cite web |date=2021-12-20 |title=WardWizard to invest ₹500 crore in Gujarat for EV ancillary units |url=https://www.livemint.com/auto-news/wardwizard-to-invest-rs-500-crore-in-gujarat-for-ev-ancillary-units-11639993851610.html |access-date=2023-04-02 |website=livemint.com}}</ref><ref>{{Cite web |agency=Press Trust of India|date=Jan 25, 2022 |title=WardWizard Innovations to set up country's first EV cluster in Vadodra |url=https://timesofindia.indiatimes.com/auto/news/wardwizard-innovations-to-set-up-countrys-first-ev-cluster-in-vadodra/articleshow/89099245.cms |access-date=2022-12-31 |website=The Times of India}}</ref>
|-
|-
|[[Nissan-Renault Alliance|Nissan - Renault]]
|[[Nissan-Renault Alliance|Nissan – Renault]]
|
|
* [[Vadodara]]
* [[Vadodara]]
|
|
* Engines
* Engines
|<ref>{{Cite web |date=2011-12-06 |title=Renault-Nissan to invest Rs 10335 crore for small car project |url=https://www.india.com/car-and-bike/latest-news/news-cars/renault-nissan-to-invest-rs-10335-crore-for-small-car-project-3311056/ |access-date=2022-12-31 |website=India.com |language=en}}</ref>
|<ref>{{Cite web |date=2011-12-06 |title=Renault-Nissan to invest Rs 10335 crore for small car project |url=https://www.india.com/car-and-bike/latest-news/news-cars/renault-nissan-to-invest-rs-10335-crore-for-small-car-project-3311056/ |access-date=2022-12-31 |website=India.com}}</ref>
|-
|-
|DreamEV (Joy e-bike)
|DreamEV (Joy e-bike)
Line 1,295: Line 1,298:
* [[Vadodara]]
* [[Vadodara]]
|
|
|<ref>{{Cite web |title=About Us |url=https://www.joyebike.com/about-us/ |access-date=2023-01-02 |website=Joy e-bike |language=en-US}}</ref>
|<ref>{{Cite web |title=About Us |url=https://www.joyebike.com/about-us/ |access-date=2023-01-02 |website=Joy e-bike}}</ref>
|-
|-
|[[Mahindra Gujarat Tractors Limited|Mahindra Gujarat]]
|[[Mahindra Gujarat Tractors Limited|Mahindra Gujarat]]
Line 1,301: Line 1,304:
* [[Vadodara]]
* [[Vadodara]]
|
|
|<ref>{{Cite web |title=Mahindra & Mahindra launches new tractor brand Trakstar from Gujarat arm |url=https://www.moneycontrol.com/news/business/mahindra-mahindra-launches-new-tractor-brand-trakstar-from-gujarat-arm-2370935.html |access-date=2023-01-02 |website=Moneycontrol |date=28 August 2017 |language=en}}</ref><ref>{{Cite web |last=Standard |first=Business |date=2011-01-12 |title=Mahindra to invest Rs 3k cr in Gujarat |url=https://www.business-standard.com/amp/amp/article/companies/mahindra-to-invest-rs-3k-cr-in-gujarat-111011200175_1.html |access-date=2023-04-02 |website=www.business-standard.com |language=en-US}}</ref>
|<ref>{{Cite web |title=Mahindra & Mahindra launches new tractor brand Trakstar from Gujarat arm |url=https://www.moneycontrol.com/news/business/mahindra-mahindra-launches-new-tractor-brand-trakstar-from-gujarat-arm-2370935.html |access-date=2023-01-02 |website=Moneycontrol |date=28 August 2017}}</ref><ref>{{Cite web |agency=Press Trust of India |date=2011-01-12 |title=Mahindra to invest Rs 3k cr in Gujarat |url=https://www.business-standard.com/amp/amp/article/companies/mahindra-to-invest-rs-3k-cr-in-gujarat-111011200175_1.html |access-date=2023-04-02 |website=Business Standard}}</ref>
|-
|-
|[[TVS Motor Company]]
|[[TVS Motor Company]]
Line 1,310: Line 1,313:
|
|
|-
|-
|[[JCB (company)|JCB India]]
|[[JCB (heavy equipment manufacturer)|JCB India]]
|
|
* [[Halol]]
* [[Halol]]
|
|
|<ref>{{Cite news |date=2022-04-21 |title=JCB opens new factory in Gujarat with 100 mn pound investment |work=The Times of India |url=https://timesofindia.indiatimes.com/jcb-opens-new-factory-in-gujarat-with-100-mn-pound-investment/articleshow/90984491.cms |access-date=2023-04-02 |issn=0971-8257}}</ref><ref>{{Cite web |title=vadodara: JCB invests Rs 1000 crore in Vadodara aimed at exports market - The Economic Times |url=https://m.economictimes.com/industry/indl-goods/svs/engineering/jcb-invests-rs-1000-crore-in-vadodara-aimed-at-exports-market/amp_articleshow/90982636.cms |access-date=2023-04-02 |website=m.economictimes.com}}</ref>
|<ref>{{Cite news |date=2022-04-21 |title=JCB opens new factory in Gujarat with 100 mn pound investment |work=The Times of India |url=https://timesofindia.indiatimes.com/jcb-opens-new-factory-in-gujarat-with-100-mn-pound-investment/articleshow/90984491.cms |access-date=2023-04-02 |issn=0971-8257}}</ref><ref>{{Cite news |title=vadodara: JCB invests Rs 1000 crore in Vadodara aimed at exports market |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/jcb-invests-rs-1000-crore-in-vadodara-aimed-at-exports-market/articleshow/90982636.cms |access-date=2023-04-02 |website=[[The Economic Times]]|date=21 April 2022 |last1=Thakkar |first1=Ketan }}</ref>
|-
|-
|Firefly Energy
|Firefly Energy
Line 1,320: Line 1,323:
|
|
* Battery
* Battery
|<ref>{{Cite news |last=Mehta |first=Shramana Ganguly |date=2011-03-07 |title=World's first carbon foam battery unit comes up in Gujarat |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/cons-products/durables/worlds-first-carbon-foam-battery-unit-comes-up-in-gujarat/articleshow/7643944.cms?from=mdr |access-date=2023-04-02 |issn=0013-0389}}</ref>
|<ref>{{Cite news |last=Mehta |first=Shramana Ganguly |date=2011-03-07 |title=World's first carbon foam battery unit comes up in Gujarat |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/cons-products/durables/worlds-first-carbon-foam-battery-unit-comes-up-in-gujarat/articleshow/7643944.cms |access-date=2023-04-02 |issn=0013-0389}}</ref>
|-
|-
|[[Reliance Industries]]
|[[Reliance Industries]]
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* [[Jamnagar]]
* [[Jamnagar]]
|
|
|<ref>{{Cite web |title=Reliance Industries Limited |url=https://www.ril.com/OurBusinesses/New-Energy.aspx |access-date=2023-04-02 |website=www.ril.com}}</ref><ref>{{Cite web |title=Automotive impact of Reliance Industries' Rs 75,000cr investment in renewable energy explained {{!}} The Financial Express |url=https://www.financialexpress.com/auto/industry/reliance-industries-batteries-hydrogen-fuel-cell-plants-coming-up-in-india-with-more-than-rs-75000cr-investment-ev-charging/2277685/lite/ |access-date=2023-04-02 |website=www.financialexpress.com|date=25 June 2021 }}</ref><ref>{{Cite web |title=Reliance Industries to set up fuel cell giga factory |url=https://www.autocarindia.com/car-news/reliance-industries-to-set-up-fuel-cell-giga-factory-421222 |access-date=2023-04-02 |website=Autocar India}}</ref><ref>{{Cite news |date=2021-06-25 |title=Reliance Industries Ltd to invest Rs 75,000-crore in clean energy business in Jamnagar |work=The Times of India |url=https://timesofindia.indiatimes.com/city/ahmedabad/ril-to-invest-rs75k-cr-in-clean-energy-business-in-jamnagar/articleshow/83821730.cms |access-date=2023-04-02 |issn=0971-8257}}</ref>
|<ref>{{Cite web |title=Reliance Industries Limited |url=https://www.ril.com/OurBusinesses/New-Energy.aspx |access-date=2023-04-02 |website=ril.com}}</ref><ref>{{Cite web |title=Automotive impact of Reliance Industries' Rs 75,000cr investment in renewable energy explained {{!}} The Financial Express |url=https://www.financialexpress.com/auto/industry/reliance-industries-batteries-hydrogen-fuel-cell-plants-coming-up-in-india-with-more-than-rs-75000cr-investment-ev-charging/2277685/lite/ |access-date=2023-04-02 |website=The Financial Express|date=25 June 2021 }}</ref><ref>{{Cite web |title=Reliance Industries to set up fuel cell giga factory |url=https://www.autocarindia.com/car-news/reliance-industries-to-set-up-fuel-cell-giga-factory-421222 |access-date=2023-04-02 |website=Autocar India}}</ref><ref>{{Cite news |date=2021-06-25 |title=Reliance Industries Ltd to invest Rs 75,000-crore in clean energy business in Jamnagar |work=The Times of India |url=https://timesofindia.indiatimes.com/city/ahmedabad/ril-to-invest-rs75k-cr-in-clean-energy-business-in-jamnagar/articleshow/83821730.cms |access-date=2023-04-02 |issn=0971-8257}}</ref>
|}
|}


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The country’s first international financial services centre (IFSC) at Gujarat International Finance-Tec City ([[GIFT City]]) in Gandhinagar, when American multinational IBM inaugurated the IBM Software Labs at GIFT-IFSC. Conceptualized a decade and half ago as an IFSC, the pace of growth, participation and investment at GIFT City has seen unprecedented growth in the past three years.
The country’s first international financial services centre (IFSC) at Gujarat International Finance-Tec City ([[GIFT City]]) in Gandhinagar, when American multinational IBM inaugurated the IBM Software Labs at GIFT-IFSC. Conceptualized a decade and half ago as an IFSC, the pace of growth, participation and investment at GIFT City has seen unprecedented growth in the past three years.
Institutions such as Bank of America,Standard Chartered Bank, Hongkong & Shanghai Bank Corporation Ltd, Citibank NA, Barclays Bank, Deutsche Bank, and JPMorgan Chase Bank National Association have set up IFSC Banking Units (IBUs) in GIFT city,Gujarat.By January 2021, the total banking transactions already reached $51 billion at GIFT IFSC. With GIFT City offering opportunities to foreign banks to book India-linked offshore businesses, more players are setting foot in Gujarat.<ref>{{Cite web |author=Niyati Parikh|date=May 28, 2022 |title=8 International Banks Set Up Offices At Gift City {{!}} Ahmedabad News - Times of India |url=https://timesofindia.indiatimes.com/city/ahmedabad/8-international-banks-set-up-offices-at-gift-city/articleshow/91844161.cms |access-date=2022-12-05 |website=The Times of India |language=en}}</ref>
Institutions such as Bank of America,Standard Chartered Bank, Hongkong & Shanghai Bank Corporation Ltd, Citibank NA, Barclays Bank, Deutsche Bank, and JPMorgan Chase Bank National Association have set up IFSC Banking Units (IBUs) in GIFT city,Gujarat.By January 2021, the total banking transactions already reached $51 billion at GIFT IFSC. With GIFT City offering opportunities to foreign banks to book India-linked offshore businesses, more players are setting foot in Gujarat.<ref>{{Cite web |author=Niyati Parikh|date=May 28, 2022 |title=8 International Banks Set Up Offices At Gift City {{!}} Ahmedabad News |url=https://timesofindia.indiatimes.com/city/ahmedabad/8-international-banks-set-up-offices-at-gift-city/articleshow/91844161.cms |access-date=2022-12-05 |website=The Times of India}}</ref>


The following are the list of Banks based in Gujarat.
The following are the list of Banks based in Gujarat.
Line 1,347: Line 1,350:
|1908
|1908
|[[Vadodara]], [[Gujarat]]
|[[Vadodara]], [[Gujarat]]
| colspan="1" |<ref>{{Cite web |last=Agarwal |first=Nikhil |date=2019-03-31 |title=Dena Bank, Vijaya Bank merges with Bank of Baroda: 10 things to know |url=https://www.livemint.com/industry/banking/bank-of-baroda-merger-vijaya-dena-sbi-hdfc-icici-1554006701387.html |access-date=2022-12-11 |website=mint |language=en}}</ref><ref>{{Cite web |title=Offices-branches |url=https://www.bankofbaroda.in/about-us/offices-branches |access-date=2022-12-11 |website=www.bankofbaroda.in |language=en}}</ref><ref>{{Cite web |title=Bank of Baroda Share Price, Bank of Baroda Stock Price, Bank Of Baroda Stock Price, Share Price, Live BSE/NSE, Bank Of Baroda Bids Offers. Buy/Sell Bank Of Baroda news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes |url=https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/bankbaroda/BOB |access-date=2022-12-11 |website=www.moneycontrol.com |language=en}}</ref>
| colspan="1" |<ref>{{Cite web |last=Agarwal |first=Nikhil |date=2019-03-31 |title=Dena Bank, Vijaya Bank merges with Bank of Baroda: 10 things to know |url=https://www.livemint.com/industry/banking/bank-of-baroda-merger-vijaya-dena-sbi-hdfc-icici-1554006701387.html |access-date=2022-12-11 |website=mint}}</ref><ref>{{Cite web |title=Offices-branches |url=https://www.bankofbaroda.in/about-us/offices-branches |access-date=2022-12-11 |website=bankofbaroda.in}}</ref><ref>{{Cite web |title=Bank of Baroda Share Price, Bank of Baroda Stock Price, Bank Of Baroda Stock Price, Share Price, Live BSE/NSE, Bank Of Baroda Bids Offers. Buy/Sell Bank Of Baroda news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes |url=https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/bankbaroda/BOB |access-date=2022-12-11 |website=moneycontrol.com}}</ref>
|-
|-
|Baroda Gujarat Gramin Bank
|Baroda Gujarat Gramin Bank
Line 1,367: Line 1,370:
|1961
|1961
|[[Ahmedabad]], [[Gujarat]]
|[[Ahmedabad]], [[Gujarat]]
|<ref>{{Cite web |title=Home |url=https://gscbank.co.in/ |access-date=2022-12-11 |website=GSC Bank |language=en-US}}</ref>
|<ref>{{Cite web |title=Home |url=https://gscbank.co.in/ |access-date=2022-12-11 |website=GSC Bank}}</ref>
|-
|-
|Gujarat Ambuja Co-op. Bank
|Gujarat Ambuja Co-op. Bank
Line 1,377: Line 1,380:
|1922
|1922
|[[Ahmedabad]], [[Gujarat]]
|[[Ahmedabad]], [[Gujarat]]
|<ref>{{Cite web |title=ADC Bank :: History |url=https://www.adcbank.coop/about_history.php |access-date=2022-12-11 |website=www.adcbank.coop}}</ref>
|<ref>{{Cite web |title=ADC Bank :: History |url=https://www.adcbank.coop/about_history.php |access-date=2022-12-11 |website=adcbank.coop}}</ref>
|-
|-
|Rajkot Nagarik Sahakari Bank
|Rajkot Nagarik Sahakari Bank
Line 1,397: Line 1,400:
|colspan="2" |[[MUFG Bank]]
|colspan="2" |[[MUFG Bank]]
|[[GIFT City]], [[Gujarat]]
|[[GIFT City]], [[Gujarat]]
|<ref>{{Cite web |title=MUFG to open first Japanese bank branch in Indian fintech zone |url=https://asia.nikkei.com/Business/Finance/MUFG-to-open-first-Japanese-bank-branch-in-Indian-fintech-zone |access-date=2022-12-11 |website=Nikkei Asia |language=en-GB}}</ref>
|<ref>{{Cite web |title=MUFG to open first Japanese bank branch in Indian fintech zone |url=https://asia.nikkei.com/Business/Finance/MUFG-to-open-first-Japanese-bank-branch-in-Indian-fintech-zone |access-date=2022-12-11 |website=Nikkei Asia}}</ref>
|-
|-
|colspan="2" |[[Mizuho Bank]]
|colspan="2" |[[Mizuho Bank]]
|[[GIFT City]], [[Gujarat]]
|[[GIFT City]], [[Gujarat]]
|<ref>{{Cite web |date=July 16, 2022 |first=Niyati |last=Parikh |title=One More Japanese Bank To Enter Gift City |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>
|<ref>{{Cite web |date=July 16, 2022 |first=Niyati |last=Parikh |title=One More Japanese Bank To Enter Gift City |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}}</ref>
|-
|-
|colspan="2" |[[Standard Chartered]]
|colspan="2" |[[Standard Chartered]]
|[[GIFT City]], [[Gujarat]]
|[[GIFT City]], [[Gujarat]]
|<ref>{{Cite web |last=Ghosh |first=Shayan |date=2020-06-04 |title=Standard Chartered Bank starts operations at Gift City |url=https://www.livemint.com/industry/banking/standard-chartered-bank-starts-operations-at-gift-city-11591274090128.html |access-date=2022-12-11 |website=mint |language=en}}</ref>
|<ref>{{Cite web |last=Ghosh |first=Shayan |date=2020-06-04 |title=Standard Chartered Bank starts operations at Gift City |url=https://www.livemint.com/industry/banking/standard-chartered-bank-starts-operations-at-gift-city-11591274090128.html |access-date=2022-12-11 |website=mint}}</ref>
|-
|-
|colspan="2" |[[Hongkong Shanghai Banking Corporation]]
|colspan="2" |[[Hongkong Shanghai Banking Corporation]]
|[[GIFT City]], [[Gujarat]]
|[[GIFT City]], [[Gujarat]]
|<ref>{{Cite web |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>
|<ref>{{Cite web |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=Business Standard}}</ref><ref>{{Citation |title=IFSC Banking Unit |url=https://www.business.hsbc.co.in/en-gb/ifsc-banking-unit|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" |[[Citibank NA]]
|colspan="2" |[[Citibank NA]]
|[[GIFT City]], [[Gujarat]]
|[[GIFT City]], [[Gujarat]]
|<ref>{{Cite web |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>
|<ref>{{Cite web |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=Business Standard}}</ref>
|-
|-
|colspan="2" |[[Barclays Bank]]
|colspan="2" |[[Barclays Bank]]
|[[GIFT City]], [[Gujarat]]
|[[GIFT City]], [[Gujarat]]
|<ref>{{Cite web |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>
|<ref>{{Cite web |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}}</ref>
|-
|-
|colspan="2" |[[Deutsche Bank]]
|colspan="2" |[[Deutsche Bank]]
|[[GIFT City]], [[Gujarat]]
|[[GIFT City]], [[Gujarat]]
|<ref>{{Cite web |title=Indian Prime Minister Modi launches Deutsche Bank's IFSC Banking Unit in Gift City, Gujarat |url=https://www.db.com/news/detail/20220729-indian-prime-minister-modi-inaugurates-deutsche-bank-s-ifsc-banking-unit-in-gift-city-gujarat?language_id=1 |access-date=2022-12-11 |website=www.db.com |language=en}}</ref><ref>{{Cite web |title=Deutsche Bank to commence IFSC Banking Unit at GIFT City |url=https://www.db.com/news/detail/20210812-deutsche-bank-to-commence-ifsc-banking-unit-at-gift-city?language_id=1 |access-date=2022-12-11 |website=www.db.com |language=en}}</ref><ref>{{Cite web |last=Vora |first=Rutam V. |date=2022-07-30 |title=PM Modi inaugurates Deutsche Bank's IBU at GIFT-IFSC |url=https://www.thehindubusinessline.com/money-and-banking/pm-modi-inaugurates-deutsche-banks-ibu-at-gift-ifsc/article65702127.ece |access-date=2022-12-11 |website=www.thehindubusinessline.com |language=en}}</ref>
|<ref>{{Cite web |title=Indian Prime Minister Modi launches Deutsche Bank's IFSC Banking Unit in Gift City, Gujarat |url=https://www.db.com/news/detail/20220729-indian-prime-minister-modi-inaugurates-deutsche-bank-s-ifsc-banking-unit-in-gift-city-gujarat?language_id=1 |access-date=2022-12-11 |website=db.com}}</ref><ref>{{Cite web |title=Deutsche Bank to commence IFSC Banking Unit at GIFT City |url=https://www.db.com/news/detail/20210812-deutsche-bank-to-commence-ifsc-banking-unit-at-gift-city?language_id=1 |access-date=2022-12-11 |website=db.com}}</ref><ref>{{Cite web |last=Vora |first=Rutam V. |date=2022-07-30 |title=PM Modi inaugurates Deutsche Bank's IBU at GIFT-IFSC |url=https://www.thehindubusinessline.com/money-and-banking/pm-modi-inaugurates-deutsche-banks-ibu-at-gift-ifsc/article65702127.ece |access-date=2022-12-11 |website=Business Line}}</ref>
|-
|-
|colspan="2" |[[JPMorgan Chase Bank]]
|colspan="2" |[[JPMorgan Chase Bank]]
|[[GIFT City]], [[Gujarat]]
|[[GIFT City]], [[Gujarat]]
|<ref>{{Cite web |title=J.P. Morgan opens its branch in GIFT IFSC |url=https://www.jpmorgan.com/news/jpm-opens-its-branch-in-gift-ifsc |access-date=2022-12-11 |website=www.jpmorgan.com |language=en}}</ref><ref>{{Cite web |last=Haswell |first=Asset Servicing Times reporter Carmella |title=J.P. Morgan opens branch in Gujarat International Fintech City |url=https://www.assetservicingtimes.com/assetservicesnews/article.php?article_id=13286 |access-date=2022-12-11 |website=www.assetservicingtimes.com |language=en}}</ref>
|<ref>{{Cite web |title=J.P. Morgan opens its branch in GIFT IFSC |url=https://www.jpmorgan.com/news/jpm-opens-its-branch-in-gift-ifsc |access-date=2022-12-11 |website=jpmorgan.com}}</ref><ref>{{Cite web |last=Haswell |first=Asset Servicing Times reporter Carmella |title=J.P. Morgan opens branch in Gujarat International Fintech City |url=https://www.assetservicingtimes.com/assetservicesnews/article.php?article_id=13286 |access-date=2022-12-11 |website=assetservicingtimes.com}}</ref>
|-
|-
|colspan="2" |[[Bank of America]]
|colspan="2" |[[Bank of America]]
|[[GIFT City]], [[Gujarat]]
|[[GIFT City]], [[Gujarat]]
|<ref>{{Cite web |title=Bank of America {{!}} GIFT City: Bank of America leases 4 lakh sq ft office space in GIFT City for 15 years |url=https://m.economictimes.com/industry/services/property-/-cstruction/bank-of-america-leases-4-lakh-sq-ft-office-space-in-gift-city-for-15-years/amp_articleshow/79827665.cms |access-date=2022-12-11 |website=m.economictimes.com}}</ref><ref>{{Cite web |title=Bank of America opens Global Business Centre at GIFT City |url=https://www.financialexpress.com/industry/bank-of-america-opens-global-business-centre-at-gift-city/1786918/ |access-date=2022-12-11 |website=Financialexpress |date=7 December 2019 |language=en}}</ref>
|<ref>{{Cite news |title=Bank of America |url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/bank-of-america-leases-4-lakh-sq-ft-office-space-in-gift-city-for-15-years/articleshow/79827665.cms |access-date=2022-12-11 |website=[[The Economic Times]]|date=20 December 2020 |last1=Babar |first1=Kailash }}</ref><ref>{{Cite web |title=Bank of America opens Global Business Centre at GIFT City |url=https://www.financialexpress.com/industry/bank-of-america-opens-global-business-centre-at-gift-city/1786918/ |access-date=2022-12-11 |website=The Financial Express |date=7 December 2019}}</ref>
|-
|-
|colspan="2" |[[KPMG]]
|colspan="2" |[[KPMG]]
|[[GIFT City]], [[Gujarat]]
|[[GIFT City]], [[Gujarat]]
|<ref>{{Cite web |date=2021-08-02 |title=Time to set-up a Treasury Centre in IFSC? - KPMG India |url=https://home.kpmg/in/en/home/insights/2021/08/ifsc-finance-company-treasury-centre-mantra.html |access-date=2022-12-11 |website=KPMG |language=en-GB}}</ref><ref>{{Cite web |title=JP Morgan, PNB, KPMG among latest firms at GIFT City's gates - The Economic Times |url=https://m.economictimes.com/news/economy/finance/jp-morgan-pnb-kpmg-among-latest-cos-at-gates-of-gift-city/amp_articleshow/86052744.cms |access-date=2022-12-11 |website=m.economictimes.com}}</ref>
|<ref>{{Cite web |date=2021-08-02 |title=Time to set-up a Treasury Centre in IFSC? – KPMG India |url=https://home.kpmg/in/en/home/insights/2021/08/ifsc-finance-company-treasury-centre-mantra.html |access-date=2022-12-11 |publisher=KPMG}}</ref><ref>{{Cite news |title=JP Morgan, PNB, KPMG among latest firms at GIFT City's gates |url=https://economictimes.indiatimes.com/news/economy/finance/jp-morgan-pnb-kpmg-among-latest-cos-at-gates-of-gift-city/articleshow/86052744.cms |access-date=2022-12-11 |website=[[The Economic Times]]|date=9 September 2021 |last1=Das |first1=Saikat }}</ref>
|-
|-
|colspan="2" |[[New Development Bank|BRICS Bank]]
|colspan="2" |[[New Development Bank|BRICS Bank]]
|[[GIFT City]], [[Gujarat]]
|[[GIFT City]], [[Gujarat]]
|<ref>{{Cite web |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 |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>
|<ref>{{Cite web |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=Business Standard}}</ref><ref>{{Cite web |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=Business Line}}</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>
|}
|}


===Pharmaceuticals and Chemicals===
===Pharmaceuticals and chemicals===
{{main|Pharmaceutical industry in Gujarat}}
{{main|Pharmaceutical industry in Gujarat}}
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 name="timesofindia.indiatimes.com"/>
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 name="timesofindia.indiatimes.com"/>


=== Oil and Gas ===
=== Oil and gas ===
Gujarat is India's 'Oil Capital'. Gujarat accounts for 54% of India's onshore [[crude oil]] and 39% of onshore [[natural gas]] production. It accounts for approximately 46% of India's installed refining capacity and 60% of India's total crude oil import facilities. The government has announced his US$4.5 billion prospectus and his US$5.7 billion investment in Gujarat. Gujarat has a well-developed gas network of 550&nbsp;km and with an investment worth US$500 million he plans to expand it to 2,200&nbsp;km. Investments have been proposed and are underway to build new [[LNG terminal]]s, in addition to the existing terminals at [[Dahej Port|Dahej]] and [[Hazira]]. The state offers great opportunities across the energy value chain. Progressive and investor-friendly industrial policies, including tax rationalization, energy reforms and the development of special economic zones, coupled with logistical proximity to Middle East gas resources, are one of the key growth drivers for the sector.
Gujarat is India's 'Oil Capital'. Gujarat accounts for 54% of India's onshore [[crude oil]] and 39% of onshore [[natural gas]] production. It accounts for approximately 46% of India's installed refining capacity and 60% of India's total crude oil import facilities. The government has announced his US$4.5 billion prospectus and his US$5.7 billion investment in Gujarat. Gujarat has a well-developed gas network of 550&nbsp;km and with an investment worth US$500 million he plans to expand it to 2,200&nbsp;km. Investments have been proposed and are underway to build new [[LNG terminal]]s, in addition to the existing terminals at [[Dahej Port|Dahej]] and [[Hazira]]. The state offers great opportunities across the energy value chain. Progressive and investor-friendly industrial policies, including tax rationalization, energy reforms and the development of special economic zones, coupled with logistical proximity to Middle East gas resources, are one of the key growth drivers for the sector.


The presence of cooperatives such as IIFCO, [[KRIBHCO]], energy companies such as [[NTPC Limited|NTPC]] and GEB, and large industrial companies such as [[Reliance Industries|Reliance]] have created a vibrant energy sector in Gujarat. The [[Jamnagar Refinery|Jamnagar refinery]] is India's largest in terms of refining capacity and is also considered the largest grassroots refinery in the world.Gujarat has oil & gas reserves located at [[Ankleshwar]], [[Mehsana]], Tapti High,[[Hazira]], [[Bharuch]], Gandhar, [[Dahej Port|Dahej]], [[Jambusar|Jambussar]], [[Palej]], [[Kalol, Gandhinagar|Kalol]] and isolated gas fields around [[Ahmedabad|Ahmadabad]]. In addition to this, it has discovered oil reserves in [[Dholka]] and [[Khambhat|Khambat]].
The presence of cooperatives such as IIFCO, [[KRIBHCO]], energy companies such as [[NTPC Limited|NTPC]] and GEB, and large industrial companies such as [[Reliance Industries|Reliance]] have created a vibrant energy sector in Gujarat. The [[Jamnagar Refinery]] is India's largest in terms of refining capacity and is also considered the largest grassroots refinery in the world.Gujarat has oil & gas reserves located at [[Ankleshwar]], [[Mehsana]], Tapti High, [[Hazira]], [[Bharuch]], Gandhar, [[Dahej Port|Dahej]], [[Jambusar|Jambussar]], [[Palej]], [[Kalol, Gandhinagar|Kalol]] and isolated gas fields around [[Ahmedabad|Ahmadabad]]. In addition to this, it has discovered oil reserves in [[Dholka]] and [[Khambhat|Khambat]].


===Foundry===
===Foundry===
India has about 5,000 [[foundries]] and is the fourth largest producer of [[Casting (metalworking)|castings]] in the world, with an annual output of over 7.5 million tons. Indian foundries regularly meet the demands and expectations of the global market and currently export about 300,000 tons annually. Many Indian foundries have adopted the state-of-the-art technology, in all areas of manufacturing.India has a stable domestic demand, which has helped the foundries survive the recent global economic downturn.India remains a high growth region for small cars, tractors and two wheelers. The annual production of cars and SUVs is already above one million mark. The industrial growth has been impressive at 5-6%, in spite of the recessionary trends.
India has about 5,000 [[foundries]] and is the fourth largest producer of [[Casting (metalworking)|castings]] in the world, with an annual output of over 7.5 million tons. Indian foundries regularly meet the demands and expectations of the global market and currently export about 300,000 tons annually. Many Indian foundries have adopted the state-of-the-art technology, in all areas of manufacturing.India has a stable domestic demand, which has helped the foundries survive the recent global economic downturn.India remains a high growth region for small cars, tractors and two wheelers. The annual production of cars and SUVs is already above one million mark. The industrial growth has been impressive at 5–6%, in spite of the recessionary trends.


Of the many [[foundry]] centres in India, Gujarat has two leading clusters – [[Ahmedabad]] and [[Rajkot]], each producing more than 40,000 tons/year. Ahmedabad has a number of small and medium size foundries, producing a variety of [[Casting (metalworking)|castings]] in [[Gray iron|Grey Iron]], [[SG iron|S.G. Iron]], [[Steel]] and also [[Aluminium alloy|Aluminum alloys]]. Rajkot engineering cluster produces a range of products such as [[casting]]s, [[Pump|pump-sets]], automobile components, diesel engine generating sets, [[Bearing (mechanical)|bearings]], [[machine tool]]s and so on. In addition, a number of miscellaneous engineering items such as [[agricultural implement]]s, [[hydraulic jack]]s, [[air compressor]]s, [[fastener]]s and sobon are also manufactured in the cluster. The presence of Rajkot Engineering cluster in different engineering segments.
Of the many [[foundry]] centres in India, Gujarat has two leading clusters – [[Ahmedabad]] and [[Rajkot]], each producing more than 40,000 tons/year. Ahmedabad has a number of small and medium size foundries, producing a variety of [[Casting (metalworking)|castings]] in [[Gray iron|Grey Iron]], [[SG iron|S.G. Iron]], [[Steel]] and also [[Aluminium alloy|Aluminum alloys]]. Rajkot engineering cluster produces a range of products such as [[casting]]s, [[Pump|pump-sets]], automobile components, diesel engine generating sets, [[Bearing (mechanical)|bearings]], [[machine tool]]s and so on. In addition, a number of miscellaneous engineering items such as [[agricultural implement]]s, [[hydraulic jack]]s, [[air compressor]]s, [[fastener]]s and sobon are also manufactured in the cluster. The presence of Rajkot Engineering cluster in different engineering segments.


== Foreign Trade ==
== Foreign trade ==
In fiscal year 2021-22, Gujarat's merchandise exports hit a record level of over '''''12,700''''' Crore INR (nearly $'''''127''''' Billion) a highest in the country.<ref>{{Cite web |title=Gujarat tops in share of India's exports, aided by soaring petroleum product prices |url=https://www.moneycontrol.com/news/business/economy/gujarat-tops-in-share-of-indias-exports-aided-by-soaring-petroleum-product-prices-8695071.html |access-date=2022-12-10 |website=Moneycontrol |date=16 June 2022 |language=en}}</ref> The major merchandise exports from Gujarat during the year 2021 were:<ref>{{cite web|url=https://www.niti.gov.in/sites/default/files/2022-03/Final_EPI_Report_25032022.pdf|title=EPI Report 2022|website=niti.gov.in|access-date=25 September 2023}}</ref>
In the fiscal year 2021–22, Gujarat's merchandise exports hit a record level of over 12,700 crore INR (nearly $127 billion), the highest in the country.<ref>{{Cite web |title=Gujarat tops in share of India's exports, aided by soaring petroleum product prices |url=https://www.moneycontrol.com/news/business/economy/gujarat-tops-in-share-of-indias-exports-aided-by-soaring-petroleum-product-prices-8695071.html |access-date=2022-12-10 |website=Moneycontrol |date=16 June 2022}}</ref> The major merchandise exports from Gujarat during the year 2021 were:<ref>{{cite web|url=https://www.niti.gov.in/sites/default/files/2022-03/Final_EPI_Report_25032022.pdf|title=EPI Report 2022|website=niti.gov.in|access-date=25 September 2023}}</ref>
{| class="wikitable"
{| class="wikitable"
|+
|+
Line 1,515: Line 1,518:
|Other
|Other
|₹62,96,47,51,455
|₹62,96,47,51,455
|14
|
|}
|}


*
*
⚫
7 of the top 12 export districts of India are in Gujarat; Jamnagar and Surat leading the list.
*


⚫
Regular compilation of district-wise export data has been started from April 2021. India’s top 30 districts of exports along with top 5 exported commodities during the period April–September 2021–22 and the products/services identified with export potential are given below:<ref>{{Cite web |date=2021-12-11 |title=6 of top 12 Export Districts of India are in Gujarat; Jamnagar and Surat leading the list |url=https://www.deshgujarat.com/2021/12/11/6-of-top-12-export-districts-of-india-are-in-gujarat-jamnagar-and-surat-leading-the-list/ |access-date=2022-12-10 |website=DeshGujarat}}</ref>
⚫
=== 7 of top 12 Export Districts of India are in Gujarat; Jamnagar and Surat leading the list ===
⚫
Regular compilation of district-wise export data has been started from April 2021. India’s top 30 districts of exports along with top 5 exported commodities during the period April–September 2021-22 and the products/services identified with export potential are given below:<ref>{{Cite web |date=2021-12-11 |title=6 of top 12 Export Districts of India are in Gujarat; Jamnagar and Surat leading the list |url=https://www.deshgujarat.com/2021/12/11/6-of-top-12-export-districts-of-india-are-in-gujarat-jamnagar-and-surat-leading-the-list/ |access-date=2022-12-10 |website=DeshGujarat |language=en-US}}</ref>


This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Rajya Sabha.<ref>{{Cite web |title=Top Export Districts in The Country |url=https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1780245|access-date=2022-12-10 |website=pib.gov.in}}</ref>
This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Rajya Sabha.<ref>{{Cite web |title=Top Export Districts in The Country |url=https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1780245|access-date=2022-12-10 |website=pib.gov.in}}</ref>
{| class="wikitable"
{| class="wikitable"
| colspan="4" |'''Year 2021-2022'''
| colspan="4" |'''Year 2021–2022'''
|'''Future'''
|'''Future'''
|-
|-
Line 1,541: Line 1,543:
| rowspan="7" |Jamnagari Bandhani, Brass Articles
| rowspan="7" |Jamnagari Bandhani, Brass Articles
|-
|-
|2. Organic And Inorganic Chemicals
|2. Chemicals
|1794.57
|1794.57
|-
|-
|3. Plastic And Linoleum
|3. Plastic and Linoleum
|410.54
|410.54
|-
|-
Line 1,550: Line 1,552:
|218.68
|218.68
|-
|-
|5. Mica, Coal And Other Ores, Minerals Including Process
|5. Mica, Coal and other ores, Minerals
|116.59
|116.59
|-
|-
Line 1,561: Line 1,563:
| rowspan="7" |2
| rowspan="7" |2
| rowspan="7" |Surat (Gujarat)
| rowspan="7" |Surat (Gujarat)
|1. Gems And Jewellery
|1. Gems and Jewellery
|6872.54
|6872.54
| rowspan="7" |Textile, Banana, Surat Zari Craft, Pomegranate
| rowspan="7" |Textiles, Bananas, Surat Zari Crafts, and Pomegranates
|-
|-
|2. Engineering Goods
|2. Engineering Goods
|1262.74
|1262.74
|-
|-
|3. Man-Made Yarn/Fabs./Madeups Etc.
|3. Yarn
|336.75
|336.75
|-
|-
|4. Organic And Inorganic Chemicals
|4. Chemicals
|255.52
|255.52
|-
|-
|5. Cotton Yarn/Fabs./Madeups, Handloom Products Etc.
|5. Cotton yarn, handloom products, etc.
|191.04
|191.04
|-
|-
Line 1,585: Line 1,587:
| rowspan="7" |6
| rowspan="7" |6
| rowspan="7" |Bharuch (Gujarat)
| rowspan="7" |Bharuch (Gujarat)
|1. Organic And Inorganic Chemicals
|1. Chemicals
|2268.54
|2268.54
| rowspan="7" |Chemicals, Banana
| rowspan="7" |Chemicals, bananas
|-
|-
|2. Engineering Goods
|2. Engineering Goods
|810.39
|810.39
|-
|-
|3. Plastic And Linoleum
|3. Plastic and Linoleum
|570.46
|570.46
|-
|-
|4. Drugs And Pharmaceuticals
|4. Drugs and Pharmaceuticals
|406.06
|406.06
|-
|-
|5. Cotton Yarn/Fabs./Madeups, Handloom Products Etc.
|5. Cotton yarn, handloom products, etc.
|108.01
|108.01
|-
|-
Line 1,609: Line 1,611:
| rowspan="7" |8
| rowspan="7" |8
| rowspan="7" |Ahmedabad (Gujarat)
| rowspan="7" |Ahmedabad (Gujarat)
|1. Drugs And Pharmaceuticals
|1. Drugs and Pharmaceuticals
|1218.54
|1218.54
| rowspan="7" |Pharma, Textile, Engineering, Plastics
| rowspan="7" |Pharmaceuticals, textiles, engineering, and plastics
|-
|-
|2. Engineering Goods
|2. Engineering Goods
|1139.32
|1139.32
|-
|-
|3. Cotton Yarn/Fabs./Madeups, Handloom Products Etc.
|3. Cotton yarn, handloom products, etc.
|418.41
|418.41
|-
|-
|4. Organic And Inorganic Chemicals
|4. Chemicals
|259.31
|259.31
|-
|-
Line 1,637: Line 1,639:
| rowspan="7" |Pharmaceuticals, Engineering
| rowspan="7" |Pharmaceuticals, Engineering
|-
|-
|2. Organic And Inorganic Chemicals
|2. Chemicals
|661.69
|661.69
|-
|-
|3. Drugs And Pharmaceuticals
|3. Drugs and Pharmaceuticals
|320.65
|320.65
|-
|-
|4. Petroleum Products
|4. Petroleum products
|170.69
|170.69
|-
|-
|5. Plastic And Linoleum
|5. Plastic and Linoleum
|127.52
|127.52
|-
|-
Line 1,656: Line 1,658:
|-
|-
| rowspan="7" |11
| rowspan="7" |11
| rowspan="7" |DevbhumiDwarka (Gujarat)
| rowspan="7" |Devbhumidwarka (Gujarat)
|1. Petroleum Products
|1. Petroleum products
|3676.8
|3676.8
| rowspan="7" |Marine & Fisheries
| rowspan="7" |Marine and fisheries; petroleum
|-
|-
|2. Organic And Inorganic Chemicals
|2. Chemicals
|4.79
|4.79
|-
|-
|3. Marine Products
|3. Marine products
|2.97
|2.97
|-
|-
Line 1,670: Line 1,672:
|2.08
|2.08
|-
|-
|5. Ceramic Products And Glassware
|5. Ceramic products and Glassware
|0.92
|0.92
|-
|-
Line 1,683: Line 1,685:
|1. Engineering Goods
|1. Engineering Goods
|821.72
|821.72
| rowspan="7" |Mango, Kutch Embroidery, Kutch Shawls, Marine Products, Castor
| rowspan="7" |Mangos, Kutch embroidery, Kutch shawls, marine products, castor
|-
|-
|2. Organic And Inorganic Chemicals
|2. Chemicals
|477.16
|477.16
|-
|-
Line 1,691: Line 1,693:
|391.44
|391.44
|-
|-
|4. Cotton Yarn/Fabs./Madeups, Handloom Products Etc.
|4. Cotton yarn, handloom products, etc.
|331.5
|331.5
|-
|-
|5. Mica, Coal And Other Ores, Minerals Including Process
|5. Mica, Coal and other ores, minerals
|191.56
|191.56
|-
|-
Line 1,705: Line 1,707:
| rowspan="7" |23
| rowspan="7" |23
| rowspan="7" |Valsad (Gujarat)
| rowspan="7" |Valsad (Gujarat)
|1. Organic And Inorganic Chemicals
|1. Chemicals
|643.9
|643.9
| rowspan="7" |Chemical and paper, Mango, Marine Products
| rowspan="7" |Chemical and paper, mangos, marine products
|-
|-
|2. Engineering Goods
|2. Engineering Goods
|297.87
|297.87
|-
|-
|3. Cotton Yarn/Fabs./Madeups, Handloom Products Etc.
|3. Cotton yarn, handloom products, etc.
|222.27
|222.27
|-
|-
|4. Plastic And Linoleum
|4. Plastic and Linoleum
|177.37
|177.37
|-
|-
|5. Drugs And Pharmaceuticals
|5. Drugs and Pharmaceuticals
|140.26
|140.26
|-
|-
Line 1,730: Line 1,732:
==State government revenue and spending==
==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 =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>
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 =The Constitution of India| type = Act| date =26 November 1949| article =| article-type = | url =http://www.legislative.gov.in/constitution-of-india}}</ref>


The constitution does not have provision for the central government and the States to have concurrent power of taxation.<ref name="Distribution of">{{Citation|title=Distribution of Powers between Centre, States and Local Governments |url=http://www.hcicolombo.org/PDF/Presentation%20on%20Distribution%20of%20Powers.ppt |access-date=2009-04-18 |url-status=dead |archive-url=https://web.archive.org/web/20070611181342/http://www.hcicolombo.org/PDF/Presentation%20on%20Distribution%20of%20Powers.ppt |archive-date=11 June 2007 }}</ref> The tables below lists the thirteen taxes to be levied by the Central government and nineteen taxes by States including Gujarat.<ref name="Distribution of" />
The constitution does not have provision for the central government and the States to have concurrent power of taxation.<ref name="Distribution of">{{Citation|title=Distribution of Powers between Centre, States and Local Governments |url=http://www.hcicolombo.org/PDF/Presentation%20on%20Distribution%20of%20Powers.ppt |access-date=2009-04-18 |url-status=dead |archive-url=https://web.archive.org/web/20070611181342/http://www.hcicolombo.org/PDF/Presentation%20on%20Distribution%20of%20Powers.ppt |archive-date=11 June 2007 }}</ref> The tables below lists the thirteen taxes to be levied by the Central government and nineteen taxes by states including Gujarat.<ref name="Distribution of" />


=== Central government of India ===
=== Central government of India ===
Line 1,774: Line 1,776:
|-
|-
| 97
| 97
| All residuary types of taxes not listed in any of the three lists of Seventh Schedule of Indian Constitution
| All residuary types of taxes not listed in any of the three lists of Seventh Schedule of the Indian Constitution
|}<ref>{{cite web|url=http://mospi.nic.in/|title=Ministry of Statistics and Program Implementation - Government Of India|website=mospi.nic.in|access-date=1 July 2017}}</ref>
|}<ref>{{cite web|url=http://mospi.nic.in/|title=Ministry of Statistics and Program Implementation – Government Of India|website=mospi.nic.in|access-date=1 July 2017}}</ref>


=== State governments ===
=== State governments ===
Line 1,805: Line 1,807:
|-
|-
| 53
| 53
| '''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>
| '''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|year=1963 |article= |article-type= |url=http://ceikerala.gov.in/images/pdf/ActsRules/dutyact1963_a.pdf}}</ref>
|-
|-
| 54
| 54
Line 1,837: Line 1,839:
===Goods and Services Tax ===
===Goods and Services Tax ===
The tax came into effect from 1 July 2017 through the implementation of the [[One Hundred and First Amendment of the Constitution of India]] by the [[Indian government]]. The GST replaced existing multiple taxes levied by the [[Govt of India|central]] and [[States of India|state]] governments.
The tax came into effect from 1 July 2017 through the implementation of the [[One Hundred and First Amendment of the Constitution of India]] by the [[Indian government]]. The GST replaced existing multiple taxes levied by the [[Govt of India|central]] and [[States of India|state]] governments.

It an [[indirect tax]] (or [[consumption tax]]) used on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes.
It an [[indirect tax]] (or [[consumption tax]]) used on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes.


Line 1,862: Line 1,865:
** [[Sabarkantha District|Sabarkantha]]
** [[Sabarkantha District|Sabarkantha]]
|
|
* '''[[Saurashtra (region)|Saurashtra]] - [[Kutch]]'''
* '''[[Saurashtra (region)|Saurashtra]] – [[Kutch]]'''
** [[Rajkot District|Rajkot]]
** [[Rajkot District|Rajkot]]
** [[Amreli District|Amreli]]
** [[Amreli District|Amreli]]
Line 2,277: Line 2,280:


== Energy ==
== Energy ==
Energy is an essential building block in the economic development of Gujarat . In an effort to meet the demands of rapid industrialization, the energy sector of Gujarat has undergone significant growth in past few years. Areas like resource exploration, capacity additions and sectoral reforms have been revolutionized. The energy sector can be categorized primarily in to Power, Oil & Gas respectively. The power sector includes generation, transmission and distribution of electricity. The power sector has grown considerably over the years and is able to support infrastructure development in the state. As far as oil & gas sector is concerned, the state has major contribution in areas of exploration & production, LNG terminal infrastructure, pipeline networks, refining, petro marketing and city gas distribution.
Energy is an essential building block in the economic development of Gujarat. In an effort to meet the demands of rapid industrialization, the energy sector of Gujarat has undergone significant growth in past few years. Areas like resource exploration, capacity additions and sectoral reforms have been revolutionized. The energy sector can be categorized primarily into power, oil, and gas. The power sector includes generation, transmission and distribution of electricity. The power sector has grown considerably over the years and is able to support infrastructure development in the state. As far as the oil and gas sectors are concerned, the state has major contribution in areas of exploration and production, LNG terminal infrastructure, pipeline networks, refining, petroleum marketing, and city gas distribution.


=== Electricity ===
=== Electricity ===
Electricity generation for the state of Gujarat is handled by the [[Gujarat State Electricity Corporation Limited]]. The major distributors of electricity in Gujarat are [[UGVCL|Uttar Gujarat Vij Company Ltd.]], [[DGVCL|Dakshin Gujarat Vij Company Ltd.]], [[PGVCL|Paschim Gujarat Vij Company Ltd.]] and [[MGVCL|Madhya Gujarat Vij Company Ltd.]] These institutions are subsidiaries of [[Guvnl]] with the transmission of electricity of handled by [[Gujarat Energy Transmission Corporation|Gujarat Energy Transmission Corporation Limited]].
Electricity generation for the state of Gujarat is handled by the [[Gujarat State Electricity Corporation Limited]]. The major distributors of electricity in Gujarat are [[UGVCL|Uttar Gujarat Vij Company Ltd.]], [[DGVCL|Dakshin Gujarat Vij Company Ltd.]], [[PGVCL|Paschim Gujarat Vij Company Ltd.]] and [[MGVCL|Madhya Gujarat Vij Company Ltd.]] These institutions are subsidiaries of [[Guvnl]] with the transmission of electricity of handled by [[Gujarat Energy Transmission Corporation|Gujarat Energy Transmission Corporation Limited]].


=== Installed Capacity ===
=== Installed capacity ===
The total installed capacity of Gujarat is 42208 [[MegaWatt]] (MW). Most of the electricity in Gujarat is generated through coal. Hydropower is the second largest means of producing electricity in the state. Gujarat also has significant installed capacities of Natural Gas, Renewables and Nuclear power plants. As of 2021-22, the share of electricity generated through coal stands at 16302 MW with a percentage share of 40 percent. The share of [[Hydropower]] is at 41 percentage with a capacity of 16588 MW. The contribution of [[Natural gas]] stands at 16 percent with a capacity of 6587 MW. The installed capacity of [[Renewable energy]] is 2 percent with a capacity of 772 MW. Finally, 559 MW is capacitated by [[Nuclear power|Nuclear Power]] having a share of 1 percentage.<ref name=":0">''Western Region Load Dispatch Centre Annual MIS Report 2021-22'', Western Region Load Dispatch Centre</ref><ref>{{Cite web |year=2022 |title=Gujarat Electricity Regulatory Commission 22nd Annual Report (English) |url=https://gercin.org/wp-content/uploads/2022/04/English-Annual-Report-2022.pdf |website=Gujarat Electricity Regulatory Commission }}</ref>
The total installed capacity of Gujarat is 42208 [[MegaWatt|megawatts]] (MW). Most of the electricity in Gujarat is generated through coal. Hydropower is the second largest means of producing electricity in the state. Gujarat also has significant installed capacities of Natural Gas, Renewables and Nuclear power plants. As of 2021–22, the share of electricity generated through coal stands at 16302 MW with a percentage share of 40 percent. The share of [[hydropower]] is at 41 percentage with a capacity of 16588 MW. The contribution of [[natural gas]] stands at 16 percent with a capacity of 6587 MW. The installed capacity of [[Renewable energy|enewable energy]] is 2 percent with a capacity of 772 MW. Finally, 559 MW is capacitated by [[Nuclear power]] having a share of 1 percentage.<ref name=":0">''Western Region Load Dispatch Centre Annual MIS Report 2021-22'', Western Region Load Dispatch Centre</ref><ref>{{Cite web |year=2022 |title=Gujarat Electricity Regulatory Commission 22nd Annual Report (English) |url=https://gercin.org/wp-content/uploads/2022/04/English-Annual-Report-2022.pdf |website=Gujarat Electricity Regulatory Commission }}</ref>


==== Renewable Energy ====
==== Renewable energy ====
{{Main|Solar power in Gujarat}}As of March 31, 2022 the installed capacity of Renewable Energy sources of Gujarat is 13578 MW. The installed capacity of Wind energy stands at 6662 MW, Solar energy has an installed capacity of 6717 MW and other Renewable sources stand at 199 MW.<ref name=":0" />
{{Main|Solar power in Gujarat}}As of March 31, 2022 the installed capacity of the renewable energy sources of Gujarat is 13578 MW. The installed capacity of wind energy stands at 6662 MW, Solar energy has an installed capacity of 6717 MW and other Renewable sources stand at 199 MW.<ref name=":0" />


The locations of major solar parks in Gujarat have been mentioned in [[Solar power in Gujarat]] page.
The locations of major solar parks in Gujarat have been mentioned in the [[Solar power in Gujarat]] page.


=== Nuclear Energy ===
=== Nuclear energy ===
Currently, the state of Gujarat has an installed Nuclear Power capacity of 559 MW.<ref>{{Cite web |title=Ministry of Power, Annual Report 2021-22 |url=https://powermin.gov.in/sites/default/files/uploads/MOP_Annual_Report_Eng_2021-22.pdf }}</ref> The only [[Nuclear power plant]] in Gujarat is the [[Kakrapar Atomic Power Station]].
Currently, the state of Gujarat has an installed nuclear power capacity of 559 MW.<ref>{{Cite web |title=Ministry of Power, Annual Report 2021-22 |url=https://powermin.gov.in/sites/default/files/uploads/MOP_Annual_Report_Eng_2021-22.pdf }}</ref> The only [[nuclear power plant]] in Gujarat is the [[Kakrapar Atomic Power Station]].


The two existing units at the Kakrapar atomic power station feature [[Pressurized heavy-water reactor|pressurised heavy water reactors]] (PHWR) of 220MW capacity each. As of May 2020, unit one of the Kakrapar atomic power station generated 30,683 million units of electricity while unit two produced 32,442 million units<ref>{{Cite web |title=Kakrapar Atomic Power Plant Expansion - NS Energy |url=https://www.nsenergybusiness.com/projects/kakrapar-atomic-power-plant-expansion/ |access-date=2022-11-06 |language=en-US}}</ref>
The two existing units at the Kakrapar atomic power station feature [[Pressurized heavy-water reactor|pressurised heavy water reactors]] (PHWR) of 220MW capacity each. As of May 2020, unit one of the Kakrapar atomic power station generated 30,683 million units of electricity while unit two produced 32,442 million units<ref>{{Cite web |title=Kakrapar Atomic Power Plant Expansion – NS Energy |url=https://www.nsenergybusiness.com/projects/kakrapar-atomic-power-plant-expansion/ |access-date=2022-11-06}}</ref>


==Tourism==
==Tourism==
{{main|Tourism in Gujarat}}
{{main|Tourism in Gujarat}}
⚫
India's first world heritage city, Ahmedabad, is in Gujarat. Gujarat is the sixth largest state in India, located in the western part of India, with a coastline of {{cvt|1600|km}}, which is the largest in India. It is one of the most popular states in the country, with an annual footfall of 19.81 million tourists in the fiscal years 2010–11.<ref>{{cite web|url=http://www.gujarattourism.com/downloads/tourist_arrival_data_07062011.pdf |title=Statement Showing The Details of Tourist ?Visited Gujarat During The Year 2010–11 |publisher=Gujaratourism.com |access-date=2013-10-26 |url-status=dead |archive-url=https://web.archive.org/web/20130925011656/http://www.gujarattourism.com/downloads/tourist_arrival_data_07062011.pdf |archive-date=2013-09-25 }}</ref> Gujarat offers scenic beauty from [[Great Rann of Kutch]] to the hills of [[Saputara]]. It is the world's only home of pure [[Asiatic lion]]s.<ref>{{cite web|url=http://ibnlive.in.com/generalnewsfeed/news/vice-president-ansari-arrives-at-gir-wildlife-sanctuary/947997.html |archive-url=https://web.archive.org/web/20121105212912/http://ibnlive.in.com/generalnewsfeed/news/vice-president-ansari-arrives-at-gir-wildlife-sanctuary/947997.html |url-status=dead |archive-date=2012-11-05 |title=Vice President Ansari arrives at Gir Wildlife Sanctuary, IBN Live News |publisher=Ibnlive.in.com |access-date=2012-07-09}}</ref>
[[File:GujaratPhotoMontage.jpg|alt=|thumb|From top and L-R: [[Sabarmati Ashram]], [[Gujarati people|Gujarati]] attire, [[Somnath Temple]], [[Rann of Kutch]], [[Dwarkadhish Temple]], ''[[Statue of Unity]]'', [[Laxmi Vilas Palace]] at [[Vadodara]].]]
⚫
India's first world heritage city, Ahemdabad, is in Gujarat. Gujarat is the sixth largest state in India, located in the western part of India, with a coastline of {{cvt|1600|km}} (the longest in India). It is one of the most popular states in the country, with an annual footfall of 19.81 million tourists in 2010–11.<ref>{{cite web|url=http://www.gujarattourism.com/downloads/tourist_arrival_data_07062011.pdf |title=Statement Showing The Details of Tourist ?Visited Gujarat During The Year 2010-11 |publisher=Gujaratourism.com |access-date=2013-10-26 |url-status=dead |archive-url=https://web.archive.org/web/20130925011656/http://www.gujarattourism.com/downloads/tourist_arrival_data_07062011.pdf |archive-date=2013-09-25 }}</ref> Gujarat offers scenic beauty from [[Great Rann of Kutch]] to the hills of [[Saputara]]. It is the world's sole home of pure [[Asiatic lion]]s.<ref>{{cite web|url=http://ibnlive.in.com/generalnewsfeed/news/vice-president-ansari-arrives-at-gir-wildlife-sanctuary/947997.html |archive-url=https://web.archive.org/web/20121105212912/http://ibnlive.in.com/generalnewsfeed/news/vice-president-ansari-arrives-at-gir-wildlife-sanctuary/947997.html |url-status=dead |archive-date=2012-11-05 |title=Vice President Ansari arrives at Gir Wildlife Sanctuary, IBN Live News |publisher=Ibnlive.in.com |access-date=2012-07-09}}</ref>


During the Sultanate reign, Hindu craftsmanship mixed with [[Islamic architecture]] and [[Gothic architecture|gothic style]] giving rise to the [[Indo-Saracenic]] style. Many structures in the state are built in this fashion.
During the Sultanate reign, Hindu craftsmanship mixed with [[Islamic architecture]] and [[Gothic architecture|gothic style]] to give rise to the [[Indo-Saracenic]] style. Many structures in the state are built in this fashion.


It is also the birthplace of [[Mahatma Gandhi]] and [[Sardar Vallabhbhai Patel]], the great iconic figures of India's Independence movement.
It is also the birthplace of [[Mahatma Gandhi]] and [[Sardar Vallabhbhai Patel]], the great iconic figures of India's Independence movement.


[[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|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>
[[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|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 |work=Business Line |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>


The ''[[Statue of Unity]]'' has emerged as a major tourist destination in Gujarat. It attracted average 15,036 visitors in the month of November, 2019.<ref>{{Cite web|title=Statue of Unity gets more visitors daily than Statue of Liberty: SSNNL|url=https://www.thehindubusinessline.com/news/variety/statue-of-unity-attracts-more-daily-visitors-than-statue-of-liberty/article30189605.ece|url-status=live|archive-url=https://web.archive.org/web/20200620191157/https://www.thehindubusinessline.com/news/variety/statue-of-unity-attracts-more-daily-visitors-than-statue-of-liberty/article30189605.ece|archive-date=2020-06-20|access-date=2019-12-22|website=@businessline|date=5 December 2019 |language=en}}</ref><ref>{{Cite web|date=December 7, 2019|title=With 15k visitors a day, Statue of Unity overtakes Statue of Liberty|url=https://timesofindia.indiatimes.com/india/with-15k-visitors-a-day-statue-of-unity-overtakes-statue-of-liberty/articleshow/72409183.cms|url-status=live|archive-url=https://web.archive.org/web/20200620191122/https://timesofindia.indiatimes.com/india/with-15k-visitors-a-day-statue-of-unity-overtakes-statue-of-liberty/articleshow/72409183.cms|archive-date=2020-06-20|access-date=2020-06-20|website=The Times of India|language=en}}</ref>
The ''[[Statue of Unity]]'' has emerged as a major tourist destination in Gujarat. It attracted average 15,036 visitors in the month of November, 2019.<ref>{{Cite web|title=Statue of Unity gets more visitors daily than Statue of Liberty: SSNNL|url=https://www.thehindubusinessline.com/news/variety/statue-of-unity-attracts-more-daily-visitors-than-statue-of-liberty/article30189605.ece|url-status=live|archive-url=https://web.archive.org/web/20200620191157/https://www.thehindubusinessline.com/news/variety/statue-of-unity-attracts-more-daily-visitors-than-statue-of-liberty/article30189605.ece|archive-date=2020-06-20|access-date=2019-12-22|website=@businessline|date=5 December 2019}}</ref><ref>{{Cite web|date=December 7, 2019|title=With 15k visitors a day, Statue of Unity overtakes Statue of Liberty|url=https://timesofindia.indiatimes.com/india/with-15k-visitors-a-day-statue-of-unity-overtakes-statue-of-liberty/articleshow/72409183.cms|url-status=live|archive-url=https://web.archive.org/web/20200620191122/https://timesofindia.indiatimes.com/india/with-15k-visitors-a-day-statue-of-unity-overtakes-statue-of-liberty/articleshow/72409183.cms|archive-date=2020-06-20|access-date=2020-06-20|website=The Times of India}}</ref>


== See also ==
== See also ==
Line 2,320: Line 2,322:
*[https://maps.google.com/maps/ms?ie=UTF&msa=0&msid=102802280254329066850.00045921eb0bb7f0dd2be Gujarat 2050 map showing major development areas]
*[https://maps.google.com/maps/ms?ie=UTF&msa=0&msid=102802280254329066850.00045921eb0bb7f0dd2be Gujarat 2050 map showing major development areas]
*[https://www.gidb.org/Document/2022-5-14_2.pdf Gujarat]
*[https://www.gidb.org/Document/2022-5-14_2.pdf Gujarat]
[https://www.gidb.org/Document/2022-5-14_2.pdf by sector]
* [https://www.gidb.org/Document/2022-5-14_2.pdf by sector]


{{Gujarat}}
{{Gujarat}}

Latest revision as of 02:47, 30 October 2024

Economy of Gujarat
Ahmedabad, the financial capital and largest city of Gujarat
CurrencyIndian Rupee ₹
1 April – 31 March
Statistics
GDP₹27.9 lakh crore (US$327 billion) (2024–25 est.) [1]
GDP rankIncrease 3rd (2023-24)
GDP growth
17.4% (2021–22)[2]
15.5% (2022–23 est.)[3]
13.3% (2023–24 est.)[1]
GDP per capita
Increase₹389,332 (US$4,556) (2024–25)[1]
GDP per capita rank
8th
GDP by sector
Agriculture: 20%
Industry: 45%
Services: 35% (2022–23)[1]
Population below poverty line
Positive decrease 15% in poverty (2019–20)[4]
Decrease 0.638 medium (2021) (23rd)[5]
UnemploymentPositive decrease 3.9% (Nov 2020)[6]
Main industries
External
ExportsIncrease US$150 billion (2022–2023)[7]
Export goods
FDI stock
₹20,169 crore (US$2.4 billion) (2020–21)[8]
Public finances
15.27% of GSDP (2023–24 est.)[2]
₹−44,930 crore (US$−5.3 billion) 1.8% of GSDP (2023–24 est.)[2]
Revenues₹2.25 lakh crore (US$26 billion)(2023–24 est.)[2]
Expenses₹2.7 lakh crore (US$32 billion)(2023–24 est.)[2]
All values, unless otherwise stated, are in US dollars.


The economy of Gujarat, a state in Western India, is the most industrialised in India, having the highest industrial output of any state in the union.[9] It has the highest exports of any Indian state, accounting for 33% of all Indian exports in 2022–23.[10] It leads in diverse industrial sectors such as chemicals, petrochemicals, dairy, drugs and pharmaceuticals, cement and ceramics, gems and jewellery, textiles and engineering.[11] It has the highest Electricity Production Capacity[12] and Maritime Port Cargo Volume[13] among all states in India. It also has significant agricultural production with major agricultural produce of the state being cotton, groundnuts (peanuts), dates, sugar cane, milk and milk products. Gujarat recorded the lowest unemployment rate in India in 2022, with 4.4% of the labour force being unemployed.[14]

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.[15]

Gujarat has the longest coastline in India (1,600 km [990 mi]), and its ports (both private and public) 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. Gujarat also contributes around 20% share in India's industrial production and merchandise exports.

Gujarat's gross state domestic product (GSDP) increased to Rs. 25.68 lakh crore in fiscal year 2023–24, surpassing Uttar Pradesh's GSDP of Rs. 25.48 lakh crore (US$310 billion).[16] In contrast, Tamil Nadu's GDP increased from Rs. 23.93 lakh crore to Rs. 27.22 lakh crore. While Karnataka GSDP falls behind UP GSDP and is Rs. 25.01 lakh crore.[16] For fiscal year 2023-24 Gujarat became the third largest state economy in India.

Contribution

[edit]

The world's largest ship breaking yard is in Gujarat near Bhavnagar at Alang.

Reliance Petroleum, one of the group companies of Reliance Industries Limited founded by Dhirubhai Ambani operates the oil refinery at Jamnagar which is the world's largest grass roots refinery.[17] The company has also planned another SEZ (special economic zone), in Jamnagar.[18][19]

Legatum Institute's Global Prosperity Index 2012 recognised Gujarat as the highest-scoring among all states of India on matters of social capital.

Data

[edit]
Year[a][20][21] GSDP[22][23][24]

(in Bil. US$nominal)

GSDP per capita

(in US$ nominal)

growth rate Inflation rate[25]

(in Percent)

Unemployment[26][27]

(in Percent)

Government debt

(in % of GSDP)

2024 ₹25.63 trillion (US$300 billion)
2023 ₹22.62 trillion (US$260 billion) 15.88
2022 ₹19.44 trillion (US$230 billion) 1.6
2021 ₹16.59 trillion (US$190 billion)
2020 ₹16.50 trillion (US$190 billion) ₹2.43 lakh (US$3,000) 10.65 4.7
2019 ₹15.03 trillion (US$180 billion) ₹2.25 lakh (US$2,800) 13.42 −0.8
2018 ₹13.29 trillion (US$160 billion) ₹1.99 lakh (US$2,500) 14.72 1.5
2017 ₹11.67 trillion (US$140 billion) ₹1.79 lakh (US$2,200) 13.72 5.6
2016 ₹10.29 trillion (US$120 billion) ₹1.60 lakh (US$2,000) 11.09 5.7
2015 ₹8.08 trillion (US$95 billion) ₹1.45 lakh (US$1,800) 13.75 6.4
2014 ₹7.24 trillion (US$85 billion) ₹1.29 lakh (US$1,600) 11.49
2013 ₹6.16 trillion (US$72 billion) ₹1.17 lakh (US$1,500) 19.10
2012 ₹455,295 crore (US$57 billion) ₹1.01 lakh (US$1,300) 17.69
2011 ₹365,295 crore (US$46 billion) ₹30,000 lakh (US$38 million)
2010 ₹330,671 crore (US$41 billion)
2009 ₹228,460 crore (US$29 billion)
2008 ₹213,092 crore (US$27 billion)
2007 ₹189,436 crore (US$24 billion)
2006 ₹6,547 crore (US$820 million)
2005 ₹153,079 crore (US$19 billion)
2004 ₹149,598 crore (US$19 billion)
2003 ₹122,500 crore (US$15 billion)
2002 ₹113,277 crore (US$14 billion)
2001 ₹104,494 crore (US$13 billion)
2000 ₹107,605 crore (US$13 billion)
1999 ₹105,443 crore (US$13 billion)
1998 ₹92,966 crore (US$12 billion)
1997 ₹86,414 crore (US$11 billion)
1996 ₹72,182 crore (US$9.0 billion)
1995 ₹63,624 crore (US$8.0 billion)
1994 ₹39,190 crore (US$4.9 billion)
1993 ₹35,018 crore (US$4.4 billion)
1992 ₹26,068 crore (US$3.1 billion)
1991 ₹24,120 crore (US$2.8 billion)
1990 ₹19,496 crore (US$2.3 billion)
1989 ₹19,496 crore (US$2.3 billion)
1988 ₹13,908 crore (US$1.6 billion)
1987 ₹14,022 crore (US$1.6 billion)
1986 ₹12,103 crore (US$1.4 billion)
1985 ₹11,740 crore (US$1.4 billion)
1984 ₹11,280 crore (US$1.3 billion)
1983 ₹8,675 crore (US$1.0 billion)
1982 ₹8,205 crore (US$960 million)
1981 ₹6,547 crore (US$770 million)
1980 ₹2,795 crore (US$330 million)
1979 ₹2,924 crore (US$340 million)
1978 ₹2,745 crore (US$320 million)
1977 ₹2,597 crore (US$300 million)
1976 ₹2,439 crore (US$290 million)
1975 ₹1,898 crore (US$220 million)
1974 ₹1,898 crore (US$220 million)
1973 ₹2,202 crore (US$260 million)
1972 ₹2,256 crore (US$260 million)
1971 ₹1,150 crore (US$130 million)
1970 ₹997 crore (US$120 million)
1969 ₹906 crore (US$110 million)
1968 ₹974 crore (US$110 million)
1967 ₹889 crore (US$100 million)
1966 ₹868 crore (US$100 million)
1965 ₹935 crore (US$110 million)
1964 ₹859 crore (US$100 million)
1963 ₹806 crore (US$94 million)
1962 ₹812 crore (US$95 million)
1961 ₹738 crore (US$86 million)

Sectors

[edit]
[28][29] Sector[30] GVA (Rupees in Lakh) at current prices GVA (Rupees in Lakh) at 2011–12 prices
2019–20 % share 019-20 % share
1 Primary Sector 27,617,048 19.37 18,973,486 17.39
1.1 Agriculture, forestry & fishing 22,282,348 15.63 14,245,950 13.06
1.11 Crops 13,956,699 9.79 8,962,827 8.21
1.12 Livestock 4,779,632 3.35 2,862,908 2.62
1.13 Forestry & logging 2,363,287 1.66 1,888,936 1.73
1.14 Fishing and aquaculture 1,182,730 0.83 531,280 0.49
1.2 Mining & quarrying 5,334,699 3.74 4,727,536 4.33
2 Secondary Sector 63,413,336 44.49 50,584,861 46.36
2.1 Manufacturing 51,064,957 35.82 40,892,857 37.48
2.2 Electricity, gas, water supply & other utility services 4,517,509 3.17 3,784,987 3.47
2.3 Construction 7,830,871 5.49 5,907,017 5.41
3 Tertairy Sector 51,512,119 36.14 39,549,816 36.25
3.1 Trade, repair, hotels and restaurants 18,051,035 12.66 14,616,582 13.40
3.11 Trade & repair services 18,051,035 12.66 14,616,582 13.40
3.2 Transport, storage, communication & services related to broadcasting 6,505,778 4.56 5,082,266 4.66
3.21 Railways 627,538 0.44 415,391 0.38
3.22 Services incidental to transport 3,851,614 2.70 3,281,339 3.01
3.26 Storage 79,223 0.06 52,051 0.05
3.27 Communication & services related to broadcasting 1,947,403 1.37 1,333,485 1.22
3.3 Financial services 7,646,745 5.36 6,273,832 5.75
3.4 Real estate, ownership of dwelling & professional services 8,470,228 5.94 5,926,791 5.43
3.5 Public administration & defence 5,010,315 3.51 3,617,774 3.32
3.6 Other services 5,828,016 4.09 4,032,571 3.70
GVA at basic prices 142,542,503 109,108,163

Industrial

[edit]

One of India's most industrialized states, Gujarat maintains a variety of industries, the principal ones being general and electrical engineering and the manufacture of textiles, vegetable oils, chemicals, soda ash, and cement. New industries include the production of fertilizers and petrochemicals. Major resources produced by the state include cotton, peanuts, dates, sugarcane, and petrol. The state is rich in calcite, gypsum, manganese, lignite, bauxite, limestone, agate, feldspar and quartz sand and successful mining of these minerals is done in their specified areas. Gujarat produces about 91% of India's required amount of soda ash and gives the country about 66% of its national requirement of salt. Chemical industries in Gujarat count for more than 35% of Indian chemical production.

In recent years, Gujarat has gained a prominent place in India's automobile industry, with several automobile plants being set up in the state: Suzuki Motor Gujarat in Hansalpur near Ahmedabad, Tata Motors and Ford India in Sanand, MG Motor, Hero Motocorp, JCB in Halol, Honda Motors and Scooters India in Vithalapur, etc.

It is one of India's most prosperous states, having a per-capita GDP significantly above India's average. Kalol Khambat and Ankleshwar are today known for their oil and natural gas production. Dhuvaran has a thermal power station, which uses coal, oil and gas. The Tarapur nuclear station in Maharashtra supplies the remaining power. Also on the Gulf of Khambat, 50 kilometers southeast of Bhavnagar, is the Alang Ship Recycling Yard (the world's largest). General Motors produces the ‘Astra’ car at Halol near Vadodara. Jalalpur is a large town of Gujarat, where several small and large textile industrial units have been established. Surat, a city by the Gulf of Khambat, is a hub of the global diamond trade.

During the period 1960–1990, Gujarat established itself as a leader in various industrial sectors including textiles, engineering, chemicals, petrochemicals, drugs and pharmaceuticals, dairy, cement and ceramics, and gems and jewellery. The post-liberalization period saw Gujarat's state domestic product (SDP) rising at an average growth rate of 14% per annum in real terms (from 1994 to 2002).

Ahmedabad, Vadodara, Ankleshwar and Vapi are the hub of chemical industries in the state, having number of manufacturing units (private as well as state owned) manufacturing dyes, specialty chemicals, agricultural chemicals, pesticides, pigments, colors, etc. Rajkot city is the hub of engineering manufacturing and has many companies manufacturing auto components, auto engines, CNC machines, forging & casting parts, etc. The state operating companies like GNFC, GSPC, GSFC, GMDC are a few among flagship companies of the state.

Agriculture

[edit]

Gujarat is the largest producer of major cash crops like cotton, groundnut, tobacco, cumin, sesamum, etc. in India. Other major crops produced are rice, wheat, jowar, bajra, maize, tur and gram. Gujarat has an agricultural economy the total crop area amounts to more than one-half of the total land area.

Animal husbandry and dairying have played a vital role in the rural economy of Gujarat. Dairy farming, primarily concerned with milk production, functions on a cooperative basis and has more than a million members. Gujarat is the largest processor of milk in India. Amul milk co-operative federation products are well known all over India and is Asia's biggest dairy.[31] Among livestock raised are buffalo and other cattle, sheep, and goats. As per the results of livestock census 1997, there were 209.70 lakh livestock in Gujarat state. As per the estimates of the survey of major livestock products, during the year 2002–03 the Gujarat produced 6.09 million tonnes of milk, 385 million eggs and 2.71 million kg of wool. Gujarat also contributes inputs to industries like textiles, oil and soap.

Segment[22] National Share %
Cottonseed 98.0
Tapioca 44.4
Floriculture 16.5
Gooseberry 18
Coconut 29.1
Tamarind 25.3
Meat 7.5
Turmeric 14.6
Banana 19.4
Ragi 17.8
Horsegram 17.5
Sapota 17.4
Urd 14.7
Groundnut 14.2
Cucumber 12.6
Maize 12.3
Egg 12.2
Carrot 12.1
Marine fish 11.8
Gur 11.6
Water melon 11.4
Jackfruit 10.9
Jowar 10.6
Tea 8.5
Cocoa 8.2
Moong 7.9
Oilseed 7.7
Papaya 7.4
Paddy 6.9
Bean 6.7
Fruit and vegetable 6.3
Sugarcane 6.1
Mango 5.8
Bitter gourd 5.6
Pear 5.3
Sericulture and Apiculture 5.3
GUJARAT – PRODUCTION OF FOODGRAINS
Year[32] 2021–22 2020–21 2019–20 2018–19 2017–18 2016–17 2015–16 2014–15 2013–14 2012–13 2011–12 2010–11 2009–10 2008–09 2007–08 2006–07 2005–06 2004–05
Rice

(Thousand Tonnes)

2145.7 1983.1 1912.1 1890.9 1930.0 1702.0 1830.9 1636.0 1541.0 1790.0 1496.6 1292.0 1303.0 1474.0 1390.0 1298.0 1238.2
Wheat

(Thousand Tonnes)

3259.5 3326.8 2407.4 3069.0 2737.0 2484.0 3059.0 4694.0 2944.0 4072.0 4019.5 2352.0 2593.0 3838.0 3000.0 2473.0 1805.5
Coarse Cereals (Thousand Tonnes) 1759.6 1786.3 1802.8 1782.2 1937.0 1549.7 1644.9 2120.6 1999.0 2232.3 2102.6 1600.0 1976.0 2151.0 1516.0 1836.0 1734.5
Pulses (Thousand Tonnes)
Total Fruits (Thousand Tonnes)
Total Vegetables (Thousand Tonnes)
Meat (Thousand Tonnes)
Milk (Thousand Tonnes)
Egg (Lakh Nos.)
Coarse Cereals (Lakh Tonnes)
Wool (Thousand Kgs)

Automobiles

[edit]
Automobile Industry in Gujarat

Gujarat has been witnessing increasing investment both from Indian and foreign companies in recent times on account of its pro-business policies and this has augmented well for the engineering industry in Gujarat, which contributes to about 10% of the country’s total engineering output. The automotive sector in Gujarat is still at a relatively nascent stage, and contributes to about 5% of the country’s total automotive output.important players in the region include Asia Motor Works, Atul Auto, Munjal Auto India Ltd. and Electrotherm. Rajkot district is the largest cluster for the production of auto components and diesel engines in the state. Gujarat has offered several incentives to Suzuki Motors to set up an export-oriented unit for production and export of its popular models including the A-Star. The state would assist the company in setting up railway links from its production unit to Mundra Port.

After Tata Motors relocated the Nano manufacturing plant to Sanand, a small town near Ahmedabad, Gujarat has emerged as a car manufacturing hub.[33] Major multinational automobile companies like Suzuki Motor, Ford India, Honda, MG Motor and Hero MotoCorp have plants in operation in Gujarat.[34] 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.[35] 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.[36]

Automotive Companies in Gujarat
Company Name Location Products Refs
Tata Motors
  • Tiagr
  • Tigor
  • Tigor EV
 [37][38][39]
MG Motor India
  • MG Hector
  • ZS EV
 [40][41][42][43]
Ashok Leyland
  • Trucks
  • Buses
  • Tippers
Mahindra & Mahindra
  • Tractors
  • Agricultural equipment
  • Utility vehicles
 [44]
Atul Auto
  • Atul Shakti
  • Gem
  • Rik
  • Smart
 [45][46][47]
Honda Motorcycle and Scooter India [48][49][50][51]
Hero MotoCorp [52][53][54]
Asia Motor Works [55]
Suzuki Motor Gujarat [56][57][58]
Ford India
  • EcoSport
  • Aspire
 [59][60]
General Motors [61]
Triton EV
  • Trucks
 [62][63][64][65]
Electrotherm [66]
Suzuki Motorcycle India
  • Vithalapur
 [67]
JSW Group [68][69][70][71]
Matter EV [72][73][74]
Wardwizard Innovations & Mobility [75][76][77]
Nissan – Renault
  • Engines
 [78]
DreamEV (Joy e-bike) [79]
Mahindra Gujarat [80][81]
TVS Motor Company
  • Components
JCB India [82][83]
Firefly Energy
  • Battery
 [84]
Reliance Industries [85][86][87][88]

Banking and finance

[edit]

Gujarat has one of the best banking networks in the country and the banking business in the state is well supported by the thriving trade, commerce and industries.

The country’s first international financial services centre (IFSC) at Gujarat International Finance-Tec City (GIFT City) in Gandhinagar, when American multinational IBM inaugurated the IBM Software Labs at GIFT-IFSC. Conceptualized a decade and half ago as an IFSC, the pace of growth, participation and investment at GIFT City has seen unprecedented growth in the past three years. Institutions such as Bank of America,Standard Chartered Bank, Hongkong & Shanghai Bank Corporation Ltd, Citibank NA, Barclays Bank, Deutsche Bank, and JPMorgan Chase Bank National Association have set up IFSC Banking Units (IBUs) in GIFT city,Gujarat.By January 2021, the total banking transactions already reached $51 billion at GIFT IFSC. With GIFT City offering opportunities to foreign banks to book India-linked offshore businesses, more players are setting foot in Gujarat.[89]

The following are the list of Banks based in Gujarat.

Indian Banks Based in Gujarat[90]
Anchor Bank Established Headquarters Refs
Bank of Baroda 1908 Vadodara, Gujarat [91][92][93]
Baroda Gujarat Gramin Bank 2019 Vadodara, Gujarat [94]
Saurashtra Gramin Bank 1978 Rajkot, Gujarat [95]
Gujarat Mercantile Co-operative Bank 1998 Ahmedabad, Gujarat [96]
Gujarat state co-operative bank 1961 Ahmedabad, Gujarat [97]
Gujarat Ambuja Co-op. Bank 1999 Ahmedabad, Gujarat [98]
Ahmadabad district co-operative bank 1922 Ahmedabad, Gujarat [99]
Rajkot Nagarik Sahakari Bank 1953 Rajkot, Gujarat [100]
Shri Rajkot District Co. Operative Bank 1959 Rajkot, Gujarat [101]
Foregin Banks
Anchor Bank Place Refs
MUFG Bank GIFT City, Gujarat [102]
Mizuho Bank GIFT City, Gujarat [103]
Standard Chartered GIFT City, Gujarat [104]
Hongkong Shanghai Banking Corporation GIFT City, Gujarat [105][106][107]
Citibank NA GIFT City, Gujarat [108]
Barclays Bank GIFT City, Gujarat [109]
Deutsche Bank GIFT City, Gujarat [110][111][112]
JPMorgan Chase Bank GIFT City, Gujarat [113][114]
Bank of America GIFT City, Gujarat [115][116]
KPMG GIFT City, Gujarat [117][118]
BRICS Bank GIFT City, Gujarat [119][120][121]

Pharmaceuticals and chemicals

[edit]
Main article: Pharmaceutical industry in Gujarat

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.[15]

Oil and gas

[edit]

Gujarat is India's 'Oil Capital'. Gujarat accounts for 54% of India's onshore crude oil and 39% of onshore natural gas production. It accounts for approximately 46% of India's installed refining capacity and 60% of India's total crude oil import facilities. The government has announced his US$4.5 billion prospectus and his US$5.7 billion investment in Gujarat. Gujarat has a well-developed gas network of 550 km and with an investment worth US$500 million he plans to expand it to 2,200 km. Investments have been proposed and are underway to build new LNG terminals, in addition to the existing terminals at Dahej and Hazira. The state offers great opportunities across the energy value chain. Progressive and investor-friendly industrial policies, including tax rationalization, energy reforms and the development of special economic zones, coupled with logistical proximity to Middle East gas resources, are one of the key growth drivers for the sector.

The presence of cooperatives such as IIFCO, KRIBHCO, energy companies such as NTPC and GEB, and large industrial companies such as Reliance have created a vibrant energy sector in Gujarat. The Jamnagar Refinery is India's largest in terms of refining capacity and is also considered the largest grassroots refinery in the world.Gujarat has oil & gas reserves located at Ankleshwar, Mehsana, Tapti High, Hazira, Bharuch, Gandhar, Dahej, Jambussar, Palej, Kalol and isolated gas fields around Ahmadabad. In addition to this, it has discovered oil reserves in Dholka and Khambat.

Foundry

[edit]

India has about 5,000 foundries and is the fourth largest producer of castings in the world, with an annual output of over 7.5 million tons. Indian foundries regularly meet the demands and expectations of the global market and currently export about 300,000 tons annually. Many Indian foundries have adopted the state-of-the-art technology, in all areas of manufacturing.India has a stable domestic demand, which has helped the foundries survive the recent global economic downturn.India remains a high growth region for small cars, tractors and two wheelers. The annual production of cars and SUVs is already above one million mark. The industrial growth has been impressive at 5–6%, in spite of the recessionary trends.

Of the many foundry centres in India, Gujarat has two leading clusters – Ahmedabad and Rajkot, each producing more than 40,000 tons/year. Ahmedabad has a number of small and medium size foundries, producing a variety of castings in Grey Iron, S.G. Iron, Steel and also Aluminum alloys. Rajkot engineering cluster produces a range of products such as castings, pump-sets, automobile components, diesel engine generating sets, bearings, machine tools and so on. In addition, a number of miscellaneous engineering items such as agricultural implements, hydraulic jacks, air compressors, fasteners and sobon are also manufactured in the cluster. The presence of Rajkot Engineering cluster in different engineering segments.

Foreign trade

[edit]

In the fiscal year 2021–22, Gujarat's merchandise exports hit a record level of over 12,700 crore INR (nearly $127 billion), the highest in the country.[122] The major merchandise exports from Gujarat during the year 2021 were:[123]

Year 2021
HS Code Commodity Value in INR Number of countries

to which state exports the products

27101944 Automotic Diesel Fuel, Not Containing Biodiesel, Confirming ₹3,24,74,39,67,917 31
27101949 High Flash High Speed Diesel Fuel Conforming to Standard IS ₹1,32,62,27,19,966 26
30049099 Other Medicine Put Up for Retail Sale N.E.S. ₹1,03,64,11,20,149 185
27101920 Aviation Turbine Fuel ₹1,02,56,48,07,316 18
71023910 Diamond (Other Than Industrial Diamond) Cut or Otherwise Worked B ₹94,93,11,73,935 44
27101241 Motor Gasoline Conforming to Standard IS 2796 ₹94,09,24,39,643 12
29024300 P-Xylene ₹88,84,69,54,133 11
71131120 Silver Jewellery Set With Gems ₹82,72,43,59,508 19
69072100 Of a Water Absorption Coefficient By Weight Not Exceeding 0. ₹76,39,15,85,956 178
27101290 Other ₹62,96,47,51,455

7 of the top 12 export districts of India are in Gujarat; Jamnagar and Surat leading the list.

Regular compilation of district-wise export data has been started from April 2021. India’s top 30 districts of exports along with top 5 exported commodities during the period April–September 2021–22 and the products/services identified with export potential are given below:[124]

This information was given by the Minister of State in the Ministry of Commerce and Industry, Smt. Anupriya Patel, in a written reply in the Rajya Sabha.[125]

Year 2021–2022 Future
Rank in India Districts (States) Top 5 Commodities Value of Export (in US$ Million) Products/Services identified with Export Potential
1 Jamnagar (Gujarat) 1. Petroleum Products 19260.20 Jamnagari Bandhani, Brass Articles
2. Chemicals 1794.57
3. Plastic and Linoleum 410.54
4. Engineering Goods 218.68
5. Mica, Coal and other ores, Minerals 116.59
Total of top 5 commodities 21800.58
Total export of District 22110.60
2 Surat (Gujarat) 1. Gems and Jewellery 6872.54 Textiles, Bananas, Surat Zari Crafts, and Pomegranates
2. Engineering Goods 1262.74
3. Yarn 336.75
4. Chemicals 255.52
5. Cotton yarn, handloom products, etc. 191.04
Total of top 5 commodities 8918.59
Total export of District 9693.91
6 Bharuch (Gujarat) 1. Chemicals 2268.54 Chemicals, bananas
2. Engineering Goods 810.39
3. Plastic and Linoleum 570.46
4. Drugs and Pharmaceuticals 406.06
5. Cotton yarn, handloom products, etc. 108.01
Total of top 5 commodities 4163.46
Total export of District 4695.14
8 Ahmedabad (Gujarat) 1. Drugs and Pharmaceuticals 1218.54 Pharmaceuticals, textiles, engineering, and plastics
2. Engineering Goods 1139.32
3. Cotton yarn, handloom products, etc. 418.41
4. Chemicals 259.31
5. Rice 247.95
Total of top 5 commodities 3283.53
Total export of District 4439.12
10 Vadodara (Gujarat) 1. Engineering Goods 783.44 Pharmaceuticals, Engineering
2. Chemicals 661.69
3. Drugs and Pharmaceuticals 320.65
4. Petroleum products 170.69
5. Plastic and Linoleum 127.52
Total of top 5 commodities 3263.99
Total export of District 3710.32
11 Devbhumidwarka (Gujarat) 1. Petroleum products 3676.8 Marine and fisheries; petroleum
2. Chemicals 4.79
3. Marine products 2.97
4. Engineering Goods 2.08
5. Ceramic products and Glassware 0.92
Total of top 5 commodities 3687.56
Total export of District 3688.76
12 Kutch (Gujarat) 1. Engineering Goods 821.72 Mangos, Kutch embroidery, Kutch shawls, marine products, castor
2. Chemicals 477.16
3. Rice 391.44
4. Cotton yarn, handloom products, etc. 331.5
5. Mica, Coal and other ores, minerals 191.56
Total of top 5 commodities 2213.38
Total export of District 3448.67
23 Valsad (Gujarat) 1. Chemicals 643.9 Chemical and paper, mangos, marine products
2. Engineering Goods 297.87
3. Cotton yarn, handloom products, etc. 222.27
4. Plastic and Linoleum 177.37
5. Drugs and Pharmaceuticals 140.26
Total of top 5 commodities 1481.67
Total export of District 1970.23

State government revenue and spending

[edit]

Article 246[126] of the Indian Constitution, distributes legislative powers including taxation, between the Parliament of India and the State Legislature.[126]

The constitution does not have provision for the central government and the States to have concurrent power of taxation.[127] The tables below lists the thirteen taxes to be levied by the Central government and nineteen taxes by states including Gujarat.[127]

Central government of India

[edit]
SL. No. Taxes as per Union List
82 Income tax: Taxes on income other than agricultural income.
83 Custom Duty: Duties of customs including export duties
84 Excise Duty: Duties of excise on the following goods manufactured or produced in India namely (a)Petroleum crude (b)high speed diesel (c)motor spirit (commonly known as petrol) (d)natural gas (e) aviation turbine fuel and (f)Tobacco and tobacco products
85 Corporation Tax
86 Taxes on capital value of assets, exclusive of agricultural land, of individuals and companies, taxes on capital of companies
87 Estate duty in respect of property other than agricultural land
88 Duties in respect of succession to property other than agricultural land
89 Terminal taxes on goods or passengers, carried by railway, sea or air; taxes on railway fares and freight.
90 Taxes other than stamp duties on transactions in stock exchanges and futures markets
92A Taxes on sale or purchase of goods other than newspapers, where such sale or purchase takes place in the course of inter-State trade or commerce
92B Taxes on the consignment of goods in the course of inter-State trade or commerce
97 All residuary types of taxes not listed in any of the three lists of Seventh Schedule of the Indian Constitution

[128]

State governments

[edit]
SL. No. Taxes as per State List
45 Land revenue, including the assessment and collection of revenue, the maintenance of land records, survey for revenue purposes and records of rights, and alienation of revenues etc.
46 Taxes on agricultural income
47 Duties in respect of succession to agricultural land.
48 Estate Duty in respect of agricultural land
49 Taxes on lands and buildings.
50 Taxes on mineral rights.
51 Duties of excise for following goods manufactured or produced within the State (i) alcoholic liquors for human consumption, and (ii) opium, Indian hemp and other narcotic drugs and narcotics.
53 Electricity Duty:Taxes on the consumption or sale of electricity[129]
54 Taxes on sale of petroleum crude, high speed diesel, motor spirit (commonly known as petrol), Natural gas aviation turbine fuel and alcohol liquor for human consumption but not including sale in the course of inter state or commerce or sale in the source of international trade or commerce such goods.
56 Taxes on goods and passengers carried by roads or on inland waterways.
57 Taxes on vehicles suitable for use on roads.
58 Taxes on animals and boats.
59 Tolls.
60 Taxes on profession, trades, callings and employments.
61 Capitation taxes.
62 Taxes on entertainment and amusements to be extent levied and collected by a panchayat or Municipality or a regional council or a district council.
63 Stamp duty

Goods and Services Tax

[edit]

The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment of the Constitution of India by the Indian government. The GST replaced existing multiple taxes levied by the central and state governments.

It an indirect tax (or consumption tax) used on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination-based tax, it is collected from point of consumption and not point of origin like previous taxes.

Economy of regions

[edit]
Districts of Gujarat, 2013
Year 2021 2011
[19] City Area Population GDP GDP per Capita Literacy Population GDP GDP per Capita Literacy[18]
01. Ahmedabad 505.00 8,253,000 $68 billion 6,357,693 92.30
02. Surat 474.185 6,936,534 $59.9 billion 4,645,384
03. Vadodara 454.33 5,240,522 3,041,791
04.

Rajkot

160 1,934,000 1,390,640
05. Bhavnagar 108.27 712,000 605,882
06. Jamnagar 125.67 711,000 600,934
07. Gandhinagar 326.00 410,323 206,167
08. Junagadh 57.16 407,000 319,462
09. Gandhidham 63.49 406,000 247,992
10. Anand 47.89 385,291 288,092
11. Navsari 43.716 367,322 292,719
12. Morbi 46.58 360,001 251,859
13. Nadiad 45.16 330,400 225,071
14. Surendranagar 58.60 298,692 253,606
15. Bharuch 43.80 288,244 223,647
16. Mehsana 31.76 257,043 190,753
17. Bhuj 39.79 251,489 219,514
18. Porbandar 50.48 243,584 217,203
19. Palanpur 39.50 242,936 141,532
20. Valsad 24.10 231,756 170,060
21. Vapi 31.35 230,598 163,630
22. Gondal 74.48 189,797 173,353
23. Veraval 39.95 185,797 156,696
24. Godhra 20.16 173,014 143,644
25. Patan 17.82 171,614 133,744
26. Kalol 25.42 171,395 133,737
27. Dahod 14.00 159,326 130,505
28. Botad 10.36 158,985 130,327
29. Amreli 65.00 146,014 117,967
30. Deesa 20.81 135,869 111,160
31. Jetpur 36.00 129,653 118,302

Energy

[edit]

Energy is an essential building block in the economic development of Gujarat. In an effort to meet the demands of rapid industrialization, the energy sector of Gujarat has undergone significant growth in past few years. Areas like resource exploration, capacity additions and sectoral reforms have been revolutionized. The energy sector can be categorized primarily into power, oil, and gas. The power sector includes generation, transmission and distribution of electricity. The power sector has grown considerably over the years and is able to support infrastructure development in the state. As far as the oil and gas sectors are concerned, the state has major contribution in areas of exploration and production, LNG terminal infrastructure, pipeline networks, refining, petroleum marketing, and city gas distribution.

Electricity

[edit]

Electricity generation for the state of Gujarat is handled by the Gujarat State Electricity Corporation Limited. The major distributors of electricity in Gujarat are Uttar Gujarat Vij Company Ltd., Dakshin Gujarat Vij Company Ltd., Paschim Gujarat Vij Company Ltd. and Madhya Gujarat Vij Company Ltd. These institutions are subsidiaries of Guvnl with the transmission of electricity of handled by Gujarat Energy Transmission Corporation Limited.

Installed capacity

[edit]

The total installed capacity of Gujarat is 42208 megawatts (MW). Most of the electricity in Gujarat is generated through coal. Hydropower is the second largest means of producing electricity in the state. Gujarat also has significant installed capacities of Natural Gas, Renewables and Nuclear power plants. As of 2021–22, the share of electricity generated through coal stands at 16302 MW with a percentage share of 40 percent. The share of hydropower is at 41 percentage with a capacity of 16588 MW. The contribution of natural gas stands at 16 percent with a capacity of 6587 MW. The installed capacity of enewable energy is 2 percent with a capacity of 772 MW. Finally, 559 MW is capacitated by Nuclear power having a share of 1 percentage.[130][131]

Renewable energy

[edit]
Main article: Solar power in Gujarat

As of March 31, 2022 the installed capacity of the renewable energy sources of Gujarat is 13578 MW. The installed capacity of wind energy stands at 6662 MW, Solar energy has an installed capacity of 6717 MW and other Renewable sources stand at 199 MW.[130]

The locations of major solar parks in Gujarat have been mentioned in the Solar power in Gujarat page.

Nuclear energy

[edit]

Currently, the state of Gujarat has an installed nuclear power capacity of 559 MW.[132] The only nuclear power plant in Gujarat is the Kakrapar Atomic Power Station.

The two existing units at the Kakrapar atomic power station feature pressurised heavy water reactors (PHWR) of 220MW capacity each. As of May 2020, unit one of the Kakrapar atomic power station generated 30,683 million units of electricity while unit two produced 32,442 million units[133]

Tourism

[edit]
Main article: Tourism in Gujarat

India's first world heritage city, Ahmedabad, is in Gujarat. Gujarat is the sixth largest state in India, located in the western part of India, with a coastline of 1,600 km (990 mi), which is the largest in India. It is one of the most popular states in the country, with an annual footfall of 19.81 million tourists in the fiscal years 2010–11.[134] Gujarat offers scenic beauty from Great Rann of Kutch to the hills of Saputara. It is the world's only home of pure Asiatic lions.[135]

During the Sultanate reign, Hindu craftsmanship mixed with Islamic architecture and gothic style to give rise to the Indo-Saracenic style. Many structures in the state are built in this fashion.

It is also the birthplace of Mahatma Gandhi and Sardar Vallabhbhai Patel, the great iconic figures of India's Independence movement.

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.[136]

The Statue of Unity has emerged as a major tourist destination in Gujarat. It attracted average 15,036 visitors in the month of November, 2019.[137][138]

See also

[edit]

Notes

[edit]
  1. ^ Statistical Atlas of Gujarat Vol. II: Sectoral Profile, Bureau of Economics and Statistics.

References

[edit]
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