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Gujarat also contributes around 20% share in India's industrial production and merchandise exports. Gujarat's gross state domestic product (GSDP) increased to Rs. 25.68 lakh crore in fiscal year 2023–24, surpassing Uttar Pradesh's GSDP of Rs. 25.48 lakh crore (US$310 billion). [16]
GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1] As of 2011 [update] , the Government accounted for about 21% of the GDP followed by agriculture with 21% and corporate sector at 12%.
NSDP per capita at current prices (in Rupees) [3]; Rank [a] State/Union territory 2021–22 2022–23 2023-24 Change 1 Sikkim: 466,518 520,466 587,743 12.9% 2 Goa
This is a comparison between Indian states and countries by gross domestic product (PPP). Many of the states of India have large GDP (called gross state product) which would rank highly on a list of countries by GDP.
The economy of Gujarat is the fifth-largest in India, with a gross state domestic product (GSDP) of ₹ 16.55 trillion (equivalent to ₹ 19 trillion or US$220 billion in 2023) and has the country's 10th-highest GSDP per capita of ₹ 215,000 (US$2,500). [6]
The gross domestic product of Ahmedabad metro was estimated at US$136.1 billion in 2023. [ 1 ] [ 2 ] Ahmedabad is the largest contributor to the GDP of Gujarat state, with an estimated US$68 billion as of 2017 [ 3 ] out of $227 billion, textile and clothing in Ahmedabad is one of the oldest industries.
Expenditure State Budget (in crore rupees) FY Reference Andhra Pradesh ₹ 279,279 crore (US$33 billion) 2023-24 [1]Arunachal Pradesh ₹ 29,657 crore (US$3.5 billion) 2023-24
Rajasthan is 12th leading investment destination in India after Maharashtra, Gujarat, Delhi, West Bengal, etc. because of its environment, law and order situation, infrastructure, investment climate and favourable population density. [citation needed] Areas facing NCR such as Bhiwadi are now popular with automobile and manufacturing companies.