Skip to main content

Economy of Gujarat

Watch the Recording

Webinar Link

Meeting No: 2519 176 9011
Password: gujarat


Certificate of Participants

To recieve certificates, please register and attend


Abstract

Gujarat is one of the high growth states in the country and one of the leading industrialised states in India.

The Gross State Domestic Product (GSDP) of the state for 2023-24 (at current prices) is Rs. 25.63 trillion (US$ 309.54 billion), a growth of 13.3 percent over 2022-23. In 2022-23, Gujarat contributed 8.6% to India’s GDP.

There are 13 major industry groups that together account for around 82.1 percent of total factories, 95.9 percent of total fixed capital investment, 90.1 percent of the value of output and 93.2 percent of value addition in Gujarat's industrial economy. Gujarat ranked 1st in Export Preparedness Index 2021. It recorded US$ 134.40 million worth of exports in 2023-24.

It is a leader in industrial sectors such as chemicals, petrochemicals, dairy, drugs and pharmaceuticals, cement and ceramics, gems and jewellery, textiles and engineering. The industrial sector comprises over 800 large industries and 453,339 micro, small and medium enterprises.

The panel shall discuss the future growth prospects and challenges for Gujarat

About the Speakers

Ravindra H. Dholakia

Professor Dholakia was the Economics Area faculty at IIM Ahmedabad from 1985 to April 2018 when he superannuated. He received the Most Distinguished Faculty Award for the year 2017-18 at IIMA. He has about 41 years of experience of teaching Economics to different groups like students, executives, policy makers and senior government officers. He was a regular visiting faculty to teach at the European Management Institute (ESCP-EAP), Paris from 2002 to 2005. He has collaborated on a series of research projects with the Earth Institute of Columbia University from 2004-05 to 2012-13. He has considerable practical experience working in high powered policy making and evaluation bodies in both the Central and State Governments in India. He was on the Monetary Policy Committee of India (2016-21). He was a member of the Sixth Central Pay Commission (2006-08) deciding revision of the pay and pension of more than 10 million employees in India. He was also a Member of the High Level Committees on Leveraging Postal Network in India (2014), HR Issues in the Merger of Air India and Indian Airlines (May 2011- Jan.2012), Public Expenditure Management (2009-10), and on Savings and Investment Estimation (2008-09) appointed by the Government of India; a Member of the Expert Committee on Restructuring of the State Public Sector Units (2004-08), the Public Debt Management Committee (2005-06), and the State Public Finance Reform Committee (1998 – 2000) appointed by the Government of Gujarat. He has recently chaired a Committee on Financial Sector Statistics (2016-18) and is currently chairing a Committee on Sub-National Accounts appointed by the Ministry of Statistics and Programme Implementation, Government of India (2018 onwards) and had chaired a Committee on Cost Saving and Resource Use Optimization in Air India, appointed by Ministry of Civil Aviation, Government of India (2013).

Sunil Parekh

Mr. Sunil Parekh visited Kaziranga University on 9th May 2019 for an interaction with the faculty and students on the Innovations and Entrepreneurship. Mr. Parekh is currently Senior Strategy Advisor two Indian MNCs - Zydus Cadila Healthcare Group, Jubilant Bhartia Group. He is also on the Board of Govt GNFC Ltd, GVFL Ltd. He has 42 years' of working experience with corporates in India, Africa & the United States. He is an empanelled Arbitrator and a Fellow of the Indian Council of Arbitration ICA. He is also the India Co-Chair of the techXchange initiative under the Indo-UK Partnership Program for exchange of Start-ups. He is deeply involved with Gujarat's StartUp ecosystem and has actively supported DST Program 'Inspire'. Mr. Parekh is on the board/Senate of several Universities including IIT, Gandhinagar, IIT RAM; Industry Bodies including FICCI National Executive, Gujarat Chamber of Commerce and is also Associated with global organisations like World Economic Forum, Geneva's Global Shapers Initiative & The Value We Geneva.

Tushaar Shah

Dr. Tushaar Shah, an economist, water-energy policy reseaecher and public policy specialist, is an Emeritus Scientist of the International Water Management Institute, Colombo and Professor Emeritus of the Institute of Rural Management Anand. Over the past 40 years, Shah’s main research interests have been in two fields: farmer organizations and water institutions and policies. In both these fields, he has published extensively and his writings have helped shape national debates and public policies. The research he published on water markets generated wide interest in India and abroad and water markets soon emerged as a distinct field of study in India, Pakistan, Bangladesh and China. His policy research on groundwater governance won Shah Consultative Group of International Agricultural Research (CGIAR)’ “Outstanding Scientist” award in 2002, UN Water-for-Life Award for Best Practices in water management research in 2014 and Distinguished Associate Award of International Association of Hydrogeologists (IAH) in 2018. For over a decade, Shah has been a regular invitee to the annual pre-budget consultations with Union Finance Minister in the field of agriculture and rural development. In late 2019, Shah was invited to brainstorm with the Prime Minister and Niti Ayog along with 40 economists, industrialists and thought leaders on “Economic Policy: The Road Ahead” for NDA II.