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The strategic location of Rajasthan serves as a corridor between the wealthy north and the booming west. This location enables smooth access to the two largest consumer markets in India. With its emergence as one of the significant Indian states, Rajasthan has made tremendous accomplishments in various sectors of the economy.
The state's GDP grew at an impressive 12.85 per cent between 2002-03 and 2007-08 to reach US$ 34.64 billion. Agriculture accounts for 80 per cent share in the primary sector and has grown at a CAGR of 21 per cent between 2002-03 and 2006-07. At the same time, the state's per capita income is US$ 442.67, while the all-India average is US$ 514.2.
Rajasthan stands at second position in the country for barley production and third in soyabean and gram. Also, it has given huge contribution in crops like mustard, bajra, guar, cumin, coriander, and rabi oil seeds. Not only this, it stands amongst the largest producers of cotton and wool. It is a mining hub, and has the second largest mineral reserves in the country. Its construction industry has the highest outstanding investments at US$ 9.91 billion, followed by the electricity sector at US$ 7.5 billion.
On the flipside, Rajasthan's tourism accounts for over 15 per cent of its economy. It attracts over 10 per cent of the foreign tourists visiting the country every year. The state is a core of numerous splendid attractions built in the form of forts, palaces, and museums. Meanwhile, it also houses tiger sanctuaries and hosts numerous fairs, some of which, like the Pushkar fair, have gained international fame.
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Content Source: www.ibef.org
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Andhra Pradesh
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