📈Gujarat: Powering India’s Economy

Gujarat: Powering India’s Economy

Explore how Gujarat drives India’s growth—through industry, energy, agriculture, trade, and innovation—with data-rich insights and cultural nuance.

1. Gujarat’s GDP Share

Gujarat contributes approximately 15.27% of India’s Gross State Domestic Product (GSDP) as of FY 2023-24 . This underscores its pivotal role in India’s economic landscape.

2. Leading the Export Game

Gujarat remains India’s top exporting state—accounting for around 26.6% of national merchandise exports in 2024-25, amounting to ₹9.83 lakh crore . Mundra Port, part of the state’s infrastructure backbone, set a new record handling over 200 million metric tonnes of cargo in 2024-25 .

3. Industrial Powerhouse

— Jamnagar Refinery

The Reliance Jamnagar Refinery in Gujarat is the largest oil refinery in the world, with a capacity of approximately 1.24 million barrels per day .

— Diamond & Jewelry Hub

Gujarat, particularly Surat, hosts the world’s largest diamond trading hub, the Bourse spanning over 660,000 m² .

— Ceramic Tiles in Morbi

Morbi in Gujarat produces about 80% of India’s ceramic tiles and exports to over 160 countries .

4. Agriculture & Dairy Strength

Gujarat leads in cotton processing—producing around 9 million bales annually, making up nearly 30% of India's cotton exports . In dairy, GCMMF (Amul) saw an 11% revenue increase in FY 2024-25, with a turnover reaching ₹66,000 crore .

5. Renewable Energy Growth

Gujarat is leading India’s renewable mission, with major solar parks in Khavda and large-scale wind farms, making it a renewable energy hub—driving both sustainability and affordable power.

6. Capital & Innovation: GIFT City

Gujarat International Finance Tec-City (GIFT) is rapidly becoming India’s premier financial hub. As per IFSCA bulletins, it houses international banking units and attracts global investment —a key indicator of Gujarat’s ambition beyond manufacturing.

7. MSMEs & Cottage Industries

From textiles in Ahmedabad to handicrafts across the state, MSMEs form the backbone of Gujarat's economy—providing employment, fostering innovation, and keeping traditional crafts alive.

8. Tourism & Heritage

Gujarat’s rich cultural heritage—from Statue of Unity to Dwarka, Rann of Kutch, and Somnath—draws millions, boosting tourism revenue and preserving historical identity.

Summary

  • Exports: Nearly 27% of India’s trade.
  • GDP: Over 15% contribution to national economy.
  • Industrial Strength: Energy, refining, diamonds, ceramics.
  • Agriculture & Dairy: Cotton and Amul lead the nation.
  • Innovation: GIFT City and renewable energy projects.

Gujarat is not just a state—it is the engine that powers India’s prosperity.

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