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Gujarat is all set to move along the path of development and is been increasingly considered to be one of the leading industrial states in India. Its manufacturing sector is constantly growing with the small and medium enterprise (SME) sector playing a significant role in shaping the manufacturing sector and taking it to towering heights. Good governance is believed to be the key to success. The delivery of service is efficient and the understanding of technology is excellent and this has enabled Gujarat to position itself as a fast growing industrial state.
Its one of the most prospering sectors is indeed gems and jewellery. It is notable that Gujarat stands at the second position in the production of gold and also contributes largely to the country's total jewellery production. It accounts for about 85% which is remarkable. It is known to be the hub of diamond processing as 8 out of every 10 diamonds is polished in Surat. This is the reason it is popularly called the 'Diamond Capital of the World'. In the world share, it contributes 72 percent and in the Indian market, it occupies a share of 80 percent.
Current GSDP of Gujarat is US$ 60.60 billion. Gujarat has set the highest growth target of 11.2 per cent for 11th Five Year Plan, while GSDP Growth (2006-2007) has been 15.81 per cent. Tertiary sector is the highest contributor to GSDP while manufacturing sector is a key driver of Gujarat's economy. Per capita income of Gujarat (2006-2007) is US$ 705, higher than the national average (US$ 627.2). It has 42 functional ports including one major port at Kandla and a couple of minor ports. It is the maiden state to go for the privatization of ports. It has a 1600 km long coastline, the longest in the country. The state boasts of a fantastic network of air, rail and road.
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Content Source: www.ibef.org
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Andhra Pradesh
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