Gujarat has set an example in fiscal efficiency, economic growth and socioeconomic benchmarks. It should now aim to become an innovation hub to redefine its growth story and defy the prevalent middle-income trap. That way, it could become a role model for the country, as well as the developing world.
Speaking at Vibrant Gujarat Global Summit, Finance Minister Nirmala Sitharaman also said the partnership between the central government and states will be key to India becoming a developed nation by 2047 through
Before the emergence of the biennial Vibrant Gujarat, the state’s economy was in shambles. But in the past 20 years, since the first edition of Vibrant Gujarat held under then CM Narendra Modi, the state’s fortunes have witnessed a jaw-dropping transformation
Gujarat Chief Minister Bhupendra Patel has expressed the state s determination to contribute to India s goal of becoming a $5 trillion economy and aims to become a $1 trillion economy by 2030. Patel highlighted Gujarat s significant role as the growth engine of India, with the state accounting for 8% of the GDP, 18% of industrial output, and 30% of exports.
Patel said this while addressing the national executive committee meeting of Federation of Indian Chambers of Commerce & Industry (FICCI) in Ahmedabad.