Gujarat Chief Minister Bhupendra Patel announced that his government aims to achieve a 10% contribution to India's GDP, targeting a USD 500 billion economy by 2026-27.
Currently, Gujarat, representing five percent of the nation's population, contributes 8.3 percent to the overall Gross Domestic Product (GDP). In the preceding year, the state played a substantial role, accounting for 33 percent of India's total merchandise exports, as stated by Patel in an email interview with the media leading up to the 10th Vibrant Gujarat Global Summit, scheduled for inauguration by Prime Minister Narendra Modi on Wednesday.
The summit will showcase Gujarat's futuristic projects and investments (DREAM City, GIFT City, Dholera SIR, Ahmedabad-Mumbai High-Speed Rail), encompassing new and emerging sectors such as semiconductors, renewable energy, electric vehicles, green hydrogen, aerospace and defence, plug-and-play parks, artificial intelligence, smart greenfield cities to name a few, he said.
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