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.
Bu hikaye Mint Mumbai dergisinin October 12, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin October 12, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
India in economic sweet spot, inflation to moderate: Moody's
India's economy is in a sweet spot and its inflation is expected to moderate despite a temporary spurt, Moody's said, projecting optimism about the country's growth prospects despite recent underwhelming data.
Incentive engine to drive modern ships
Subsidies for green, high-tech ships under ₹18,000 cr policy
Cement firms wage war on costs as competition soars
India's cement makers who once flexed their pricing muscles are caught in a bruising price war, eroding margins at a time of rising demand.
Saudi Arabia doesn’t have enough money for its futuristic city
The giant futuristic planned city of Neom is proving a headache for Saudi Arabia. Costs are up, schedules are delayed, and in recent days the world’s largest construction project replaced its chief executive of six years.
EV adoption is a marathon, not a sprint: Audi India
The slowdown in electric vehicle (EV) sales is temporary, and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies.
India's trade gap with China soars in Apr-Oct
The country's green transition increases reliance on Chinese imports
14 nations eye India's generic drug model
Countries will specify their requirements, with HLL and MEA coordinating with them for the pharma exports
India urges $1.3 tn annual climate grant
Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.
Over 600 mn cyberattacks daily, AI can secure devices
Microsoft is developing a password-free authentication process to eliminate the risk of breaches
Small businesses ramping up cybersecurity, thanks to AI
Rising AI adoption is helping cybersecurity providers hike their marketable base in India