Gujarat's Economic Boom: A Decade of Growth

Gujarat has achieved a significant economic milestone by surpassing a per capita income of Rs 3 lakh. Within a decade, its economy has grown nearly fourfold, reaching a GSDP of Rs 24.62 lakh crore. This rapid growth is attributed to its strong industrial foundation and effective governance.

In a landmark achievement, Gujarat's per capita income has exceeded Rs 3 lakh for the first time, propelling the state into the ranks of India's top five economies.

Official reports reveal that Gujarat's GSDP soared to Rs 24.62 lakh crore in 2023-24, fueled by high productivity and diverse economic participation. This robust performance has cemented its status as India's growth engine.

Over the past decade, the state recorded an impressive average growth rate of 8.42 per cent, leading major Indian states. Its industrial strength, supportive policies, and infrastructure played key roles in this transformation.

(With inputs from agencies.)