The chief minister said the state has set the goal of raising its contribution to the nation's economic output from a little over 8% now to 10% by 2026-27, by which time it hopes to become a $500 billion economy. The state is banking on game-changing projects in this journey, including the Ahmedabad-Mumbai high-speed rail project and creating a global manufacturing and trading hub while greening the economy and building a green hydrogen hub, the chief minister said. Edited excerpts:
How do you plan to achieve a 13% growth for Gujarat's economy in nominal terms for 2023-24, which is faster than the 10.5% growth projected for India?
Gujarat has consistently outperformed the national growth rate, rightfully earning the title of the 'growth engine of India'. Despite comprising only 5% of the country's population, Gujarat contributes over 8.3% to the national GDP (gross domestic product). In the previous year, the state accounted for 33% of India's total merchandise exports. Strong global ties and a diversified GSDP (gross state domestic product) make our economy exceptionally resilient.
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