Overview
- The state reported per capita income of ₹3,00,957, placing it among India’s top five large economies and above Maharashtra and Uttar Pradesh, with only Karnataka and Tamil Nadu marginally higher.
- Gujarat’s economy ranks within the nation’s five largest by size, with 2023–24 GSDP stated at ₹24.62 lakh crore in the official release.
- Manufacturing contributed ₹7.43 lakh crore—nearly one-third of GSVA—while construction and utilities added over ₹2.31 lakh crore, underscoring an industry-heavy base.
- Services, including trade, transport, finance and real estate, contributed ₹7.81 lakh crore, and agriculture, forestry and fishing added ₹3.69 lakh crore, reflecting diversified growth.
- At current prices, GSDP rose from ₹6.16 lakh crore in 2011–12 to ₹24.62 lakh crore in 2023–24, and officials linked the state’s strong performance to India’s 8.2% GDP growth in the July–September quarter.