Gujarat has set target to become USD 500 billion economy by 2026-27: CM Patel
Gujarat Chief Minister Bhupendra Patel has said his government has set a target to contribute 10 per cent to India's GDP and become a USD 500 billion economy by 2026-27. At present, Gujarat, with five per cent the country's population, contributes 8.3 per cent to the national Gross Domestic Product (GDP) and in the previous year, the state accounted for 33 per cent of India's total merchandise exports, Patel said in an email interview to PTI ahead of the 10th Vibrant Gujarat Global Summit, to be inaugurated 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.
Apart from leading in sectors such as textiles, chemicals & petrochemicals, gems & jewellery and ceramics, Gujarat has also emerged as the hub of automobile sector, establishing itself as an economic powerhouse of the country, Patel said.
«With five per cent of the population, Gujarat contributes over 8.3 per cent to the national GDP. In the previous year, the state accounted for a remarkable 33 per cent of India's total merchandise exports,» he said.
«The strong global ties and a diversified GSDP make our economy exceptionally resilient. Our government has set a target to contribute 10 per cent to India's GDP and becoming a USD 500 billion economy by 2026-27,» Patel said in reply to a query on what will be the contribution of Gujarat in making India a USD 5 trillion economy.
