Saturday, July 18, 2009

Gujarat - India's Richest State

GUJARAT, the state situated in western India and bordering Pakistan, which was affected by a devastating earthquake on January 26, 2001 has turned out to be India's most prosperous states. Its per capita GDP is 2.4 times the Indian average. Gujarat's GDP growth rate is 10.6% and India can not achieve 8 percent Growth rate without Gujarat gettinGcloser to 12% growth rate.

If it was a nation it would have been 67th richest nation in the world above many European and Asian economies like Taiwan and Ukraine.Gujarat holds many records in India for economic development:
20% of India's Industrial Output
80% of India's Diamond Production
9% of India's Mineral Production
50% of India's Natural Gas Production
54% of India's Crude Oil Production
22% of India's exports
24% of India's textile production
45% of India's pharmaceutical products
35% of India's Sponge Iron Production
47% of India's petrochemical Production

The world's largest ship breakinGyard is in Gujarat near Bhavnagar at Alang.

Reliance Petroleum Limited, one of the group companies of Reliance Industries Limited founded by Dhirubhai Ambani operates the oil refinery at Jamnagar which is the world's largest grass roots refineries.

Gujarat ranks first nationwide in gas-based thermal electricity generation with national market share of over 8% and second nationwide in nuclear electricity generation with national market share of over 1%.

Over 20% of the S&P CNX 500 conglomerates have corporate offices in Gujarat
Over 35% of the stock market wealth of India is with Gujarati People.



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