A fastest growing state in Indian Economy
The economy of Gujarat is one of the most flourishing state economies within the Indian Republic. If Gujarat were an independent country, its economic rank would be greater than many developed economies of the European Union!
The economy of Gujarat is highly industrialized, a direct result of the region’s harsh agricultural conditions.
The yield from agriculture in Gujarat is distressingly poor due to inadequate soils, insufficient rainfall, regular droughts and floods, insufficient drainage, and unplanned irrigation facilities. Gujarat is one of the quickest growing regions in the state, with the Chemical sector contributing significantly to its economy.
The major income generation from farming comes from cotton – a cash crop. The farming economy of Gujarat relies heavily upon seasonal cotton yields.
In the manufacturing sector, Gujarat ranks high. The entrepreneurial spirit of local Gujaratis has contributed to a remarkable resurgence in the industrial economy of Gujarat.
The increase in Business Tourism is a key driver of the Hospitality Industry. Gujarat’s various Business Models are a highly effective way to change attitudes and encourage investors and developing nations to focus on Gujarat as it rises higher on the World Map.
