Gujarat Growth

Accelerating growth in Gujarat A discussion note KPMG IN INDIA Content Foreward Gujarat : A holistic growth story Growth accelerators Building a success story The way forward 1 2 5 7 22 1 Foreward The success story of Gujarat stands away amongst the Indian states as one of the most dynamic growth stories. This was evident during the spirited Gujarat Summit, where the allege attracted nearly USD 100 billion investments in January 2007 This signifier is more than what China attracts as FDI in a yr! . Gujarats State gross domestic product has grown by 12 percent in real terms in the sustain 12 years. This State is one of the key drivers of Indias growth, where GDP is growing at a rate of 9.2 percent. However, the State necessitate to benchmark itself with the best in the world Dubai, Singapore, China and not become complacent by doing better than other Indian states. Gujarat, therefore, should consider such growth accelerators that will enable it to wee the best in class and bring nearly a paradigm shift in the State. This inevitably to be fleshed out further to facilitate growth and become the economic parkway force for India. Clearly for India to grow at 10 percent, Gujarat needs to grow at 15 percent.

This discussion note send forward by KPMG and CII identifies focus areas and an approach to make Gujarat 2015 imaginativeness a reality. Pradeep Udhas Head Markets KPMG in India 2 Gujarat : A holistic growth story Gujarat continues to occupy a distinctive position in the Indian economy. With 5 percent of the countrys world and 6 percent of the countrys geographical area, Gujarat contributes to about 16 percent of industrial production in India. The State has witnessed an annual average growth of 9 percent in the last three years (GDP is estimated at USD 38.4 billion) and an average industrial growth of 15 percent for the same period. However, these macroeconomic statistics seek much more impressive on a surrounding(prenominal) look at the industrial landscape of the State. Accounting for... If you lack to get a full essay, order it on our website: Ordercustompaper.com

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