With a Net State Domestic Product (NSDP) of over US$ 11.5 billion,
Rajasthan's economy is the eighth largest in the country.
Geographically the largest state of the union, its location provides a
significant strategic advantage to the state. It enjoys convenient access to the
wealthy north and the prosperous west, the two largest consumer blocks within
India.
During the decade between 1994 and 2003, the state's NSDP grew at a
Compounded Average Growth Rate (CAGR) of 6 per cent, increasing from US$ 6.4
billion to US$ 11.5 billion.
Note: the figures are at 1993-94 prices, IUS$=INR 45,
Source: Government of Rajasthan
Rajasthan's per capita income stood at US$ 327 in 2003-04.The
overall economic performance of the state has been good during the last decade
despite the drought situations in some of the years.
During 1995-96 and 2001-02, while the industrial sector has grown at 6.9 per
cent per annum, the growth rate of services was 7.4 per cent during the same
period. Among services, the share of trade and tourism in state's GSDP stands at
over 16 per cent.
