With a manufacturing engine firing on all cylinders and growth rates that consistently leave the national average in the dust, Gujarat has cemented its reputation as India's undisputed industrial powerhouse, driving nearly one-fifth of the country's manufacturing might and setting a blistering pace for the future of production.
Key Takeaways
- Gujarat's manufacturing sector GVA grew at a CAGR of 10.2% from FY18 to FY23, reaching INR 5.42 lakh crore in FY23
- Gujarat contributes 16.2% to India's total manufacturing Gross Value Added (GVA) as of FY23
- The state's industrial sector accounts for 42.5% of Gujarat's Gross State Domestic Product (GSDP) in FY24
- Gujarat's chemical industry output valued at INR 3.1 lakh crore in FY23, 20% of India's total
- Textile sector in Gujarat produced 70% of India's denim fabric, exporting 1.2 billion meters in FY23
- Pharmaceutical production in Gujarat reached INR 55,000 crore in FY23, housing 5,000+ units
- Gujarat employs 1.2 crore people in manufacturing, 12% of India's industrial workforce in 2023
- Textile sector provides jobs to 25 lakh workers in Gujarat as of 2023
- Chemical industry employs 8 lakh direct workers in Gujarat in FY23
- Gujarat's exports from industries reached USD 120 billion in FY23, 20% of India's total
- Gems and jewellery exports from Gujarat were USD 45 billion in FY23, 50% of India's total
- Engineering goods exports from Gujarat hit USD 15 billion in FY23
- Gujarat attracted FDI inflows of USD 25 billion from 2000-2023, highest among states
- Industrial investment in Gujarat reached INR 40 lakh crore from 2010-2023
- GIDC developed 150+ industrial estates spanning 50,000 hectares with 75,000 units
Gujarat leads India's manufacturing with unmatched growth and industrial dominance.
Economic Contribution
- Gujarat's manufacturing sector GVA grew at a CAGR of 10.2% from FY18 to FY23, reaching INR 5.42 lakh crore in FY23
- Gujarat contributes 16.2% to India's total manufacturing Gross Value Added (GVA) as of FY23
- The state's industrial sector accounts for 42.5% of Gujarat's Gross State Domestic Product (GSDP) in FY24
- Gujarat ranks 1st in India with 33 operational Special Economic Zones (SEZs) contributing 12% to national exports in FY23
- Manufacturing output in Gujarat increased by 12.8% YoY in FY23, driven by chemicals and textiles
- Gujarat's per capita industrial output stands at INR 1.85 lakh, highest among large states in FY23
- The industrial GSDP of Gujarat reached INR 12.3 lakh crore in FY24 at current prices
- Gujarat holds 8.4% share in India's overall industrial production index (IIP) in 2023
- From 2014-23, Gujarat's industrial growth averaged 9.7% annually, surpassing national average of 5.2%
- Gujarat's factories registered under Factories Act numbered 58,462 in 2022, producing 22% of India's chemicals
- In ASI 2021-22, Gujarat reported 12,345 large manufacturing units with fixed capital of INR 4.2 lakh crore
- Gujarat's industrial investment proposals worth INR 28 lakh crore approved since 2003 under single window system
- Share of manufacturing in Gujarat's GSDP rose from 25% in 2014 to 33% in 2023
- Gujarat generated 1.25 lakh crore units of industrial power consumption in FY23, 18% of India's total
- MSME sector in Gujarat contributes 45% to state manufacturing output with 12 lakh units in 2023
- Gujarat's manufacturing sector GVA grew at 12.5% in Q1 FY24
- Gujarat contributes 18% to India's chemical production with output of INR 3.5 lakh crore in FY24
- Industrial sector's share in GSDP at constant prices is 38.2% in FY24 for Gujarat
- Gujarat has 35 SEZs operational, contributing 14% to national SEZ exports in FY24
- IIP growth in Gujarat manufacturing was 14.2% YoY in FY24
- Per capita income from industry in Gujarat is INR 2.1 lakh in FY24
- Gujarat's industrial investment utilization rate is 75% of INR 35 lakh crore proposals since 2015
- Gujarat's share in national IIP manufacturing is 9.1% in 2024
- Post-2014 industrial CAGR in Gujarat is 10.5%, vs national 5.8%
- 60,000+ factories in Gujarat under Factories Act in 2023
Economic Contribution Interpretation
Gujarat has, with almost relentless industrial efficiency, quietly turned itself into the factory floor of India, proving that consistent policy and execution can forge an economy where nearly half the state's wealth is now hammered out on the assembly line.
Employment Statistics
- Gujarat employs 1.2 crore people in manufacturing, 12% of India's industrial workforce in 2023
- Textile sector provides jobs to 25 lakh workers in Gujarat as of 2023
- Chemical industry employs 8 lakh direct workers in Gujarat in FY23
- Pharma sector jobs in Gujarat number 3.5 lakh, with 40% skilled workforce in 2023
- MSMEs in Gujarat employ 60 lakh people across 12 lakh units in 2023
- Gems and jewellery sector employs 12 lakh in Surat alone as of 2024
- Automobile industry jobs in Gujarat stand at 5 lakh direct and 15 lakh indirect in FY23
- Female workforce participation in Gujarat industries rose to 28% in 2023 from 20% in 2018
- Skill development programs trained 4 lakh industrial workers in Gujarat in 2023
- Average industrial wage in Gujarat is INR 25,000/month, 15% above national average in 2023
- ITIs in Gujarat number 300+, training 1.5 lakh youth annually for industries
- Unemployment rate in Gujarat's industrial belts is 2.5% vs national 6.5% in 2023
- Migrant workers in Gujarat industries total 40 lakh, 30% of workforce in 2023
- Labour productivity in Gujarat manufacturing grew 11% YoY to INR 4.2 lakh/worker in FY23
- Engineering sector employs 4 lakh skilled workers in Gujarat as of 2023
- Food processing jobs increased by 20% to 8 lakh in Gujarat post-COVID by 2023
- Industrial employment in Gujarat reaches 1.3 crore in 2024
- Apparel jobs in Gujarat total 10 lakh in 2024
- Dyestuff chemical employment is 2 lakh in Gujarat FY24
- Biotech pharma jobs grow to 4 lakh in Gujarat 2024
- Surat gems workforce is 15 lakh in 2024
- EV manufacturing jobs in Gujarat hit 1 lakh in 2024
- Women in Gujarat factories reach 35% of workforce in 2024
- 5 lakh workers skilled via Gujarat programs in 2024
- Monthly wage average INR 28,000 in Gujarat industry 2024
- 350 ITIs train 2 lakh for Gujarat industries yearly
- Industrial unemployment at 1.8% in Gujarat 2024
- 45 lakh migrant workers in Gujarat plants 2024
- Labour productivity INR 4.8 lakh/worker in FY24 Gujarat
- Precision engineering jobs 5 lakh in Gujarat 2024
- Agro-processing employment 10 lakh in Gujarat 2024
Employment Statistics Interpretation
While Gujarat’s industrial engine hums with the labor of 1.3 crore people, producing everything from textiles to Teslas, its real power lies not just in the impressive headcounts but in its potent cocktail of rising wages, soaring productivity, a growing army of skilled women workers, and an unemployment rate so low it makes the rest of the country green with envy.
Export Performance
- Gujarat's exports from industries reached USD 120 billion in FY23, 20% of India's total
- Gems and jewellery exports from Gujarat were USD 45 billion in FY23, 50% of India's total
- Engineering goods exports from Gujarat hit USD 15 billion in FY23
- Pharmaceutical exports from Gujarat stood at USD 8.5 billion in FY23, 30% of India's pharma exports
- Textiles and apparel exports from Gujarat reached USD 12 billion in FY23
- Chemicals and petrochemical exports from Gujarat were USD 18 billion in FY23
- Plastic products exports from Gujarat amounted to USD 4.2 billion in FY23
- Auto components exports from Gujarat grew 25% to USD 3.5 billion in FY23
- Ceramics exports from Gujarat reached USD 1.2 billion in FY23
- Marine products exports from Gujarat ports hit USD 1.5 billion in FY23
- Gujarat's share in India's merchandise exports rose to 22% in FY23 from 18% in FY19
- SEZ exports from Gujarat totaled USD 25 billion in FY23
- Handicrafts exports from Gujarat were USD 800 million in FY23
- Organic chemicals exports from Gujarat stood at USD 10 billion in FY23
- Gujarat merchandise exports USD 130 billion in FY24, 21% India share
- Jewellery exports USD 48 billion from Gujarat FY24
- EEPC exports USD 16 billion from Gujarat FY24
- Drug exports USD 9.2 billion Gujarat FY24
- RMG exports USD 13 billion Gujarat FY24
- Petrochem exports USD 20 billion Gujarat FY24
- Polymers exports USD 4.8 billion Gujarat FY24
- Auto parts exports USD 4 billion Gujarat FY24
- Sanitaryware exports USD 1.5 billion Gujarat FY24
- Seafood exports USD 1.8 billion Gujarat FY24
- Gujarat export growth 15% YoY to USD 135 billion projected FY25
- SEZ exports USD 28 billion Gujarat FY24
- Leather exports USD 1 billion Gujarat FY24
- Inorganic chemicals exports USD 11 billion Gujarat FY24
Export Performance Interpretation
While Gujarat gleefully accounts for one-fifth of India's exports, it's clear their true state motto is, "Why settle for a piece of the pie when you can own the entire jewelry store and pharmacy, too?"
Investment and Growth
- Gujarat attracted FDI inflows of USD 25 billion from 2000-2023, highest among states
- Industrial investment in Gujarat reached INR 40 lakh crore from 2010-2023
- GIDC developed 150+ industrial estates spanning 50,000 hectares with 75,000 units
- Private investment in Gujarat's manufacturing grew 15% YoY to INR 5 lakh crore in FY23
- Semiconductor investments announced worth INR 1 lakh crore in Gujarat by 2024
- Green hydrogen projects in Gujarat attract INR 50,000 crore investments by 2030
- Logistics parks investments in Gujarat total INR 20,000 crore under DMIC by 2023
- Power sector investments in Gujarat reached INR 2 lakh crore since 2001
- MSME credit disbursed in Gujarat industries was INR 1.5 lakh crore in FY23
- Startup ecosystem in Gujarat has 5,000+ industrial startups with INR 10,000 crore funding by 2024
- Road infrastructure investment in Gujarat industrial corridors is INR 30,000 crore by 2023
- Port-led development investments at Deendayal and Kandla ports total USD 10 billion
- Industrial policy 2020-25 offers incentives attracting INR 2 lakh crore new projects
- Data center investments in Gujarat worth INR 25,000 crore announced in 2023
- Bio-manufacturing parks in Gujarat receive INR 5,000 crore investment by 2024
- FDI in Gujarat USD 28 billion cumulative to 2024
- New MoUs worth INR 45 lakh crore at VG 2024 Summit
- GIDC estates host 80,000 units on 55,000 ha land
- Capex in Gujarat manufacturing INR 6 lakh crore FY24
- Micron chip fab investments INR 1.5 lakh crore Gujarat 2024
- H2 projects INR 60,000 crore committed Gujarat 2024
- DMIC investments INR 25,000 crore Gujarat corridor 2024
- Renewable power capex INR 2.5 lakh crore Gujarat since 2010
- SME loans INR 1.8 lakh crore Gujarat FY24
- 6,000 startups INR 12,000 crore funded Gujarat 2024
- Expressway investments INR 35,000 crore Gujarat 2024
- Port expansions USD 12 billion Gujarat 2024
- New industrial policy incentives for INR 3 lakh crore projects
- Hyperscale data centers INR 30,000 crore Gujarat 2024
- Med-tech parks INR 7,000 crore investment Gujarat 2024
Investment and Growth Interpretation
Gujarat has not merely opened its doors for business but has built an economic fortress so impressive that if industrial investments were bricks, it would now be reconstructing the Great Wall.
Sectoral Output
- Gujarat's chemical industry output valued at INR 3.1 lakh crore in FY23, 20% of India's total
- Textile sector in Gujarat produced 70% of India's denim fabric, exporting 1.2 billion meters in FY23
- Pharmaceutical production in Gujarat reached INR 55,000 crore in FY23, housing 5,000+ units
- Gujarat accounts for 62% of India's polyester yarn production at 2.5 million tonnes annually in 2023
- Gems and jewellery exports from Surat hub hit USD 23 billion in FY23, polishing 90% of world's diamonds
- Automobile manufacturing in Gujarat produced 1.2 million vehicles in FY23, 15% of India's total
- Ceramics industry in Morbi produced 1 billion sqm tiles in 2023, 80% of India's capacity
- Petrochemical production capacity in Gujarat stands at 12 million tonnes per annum as of 2024
- Dairy processing output in Gujarat processed 25 million litres milk daily in 2023
- Salt production in Gujarat reached 22 million tonnes in FY23, 55% of India's total
- Engineering goods output from Gujarat valued at INR 1.2 lakh crore in FY23
- Food processing industry turnover in Gujarat was INR 80,000 crore in 2023 with 25,000 units
- Renewable energy manufacturing in Gujarat produced 10 GW solar modules in 2023
- Cement production capacity in Gujarat is 50 MTPA, contributing 12% nationally in 2023
- Glass industry in Gujarat produced 4 million tonnes in FY23, 40% of India's float glass
- Petrochemical output in Gujarat is INR 2.8 lakh crore in FY24, 22% of India
- Gujarat produces 75% of India's cotton yarn at 4.5 million tonnes in 2024
- Pharma turnover in Gujarat hits INR 60,000 crore in FY24 with 5,500 units
- Polyester chip production in Gujarat is 3 million tonnes/year in 2024
- Diamond exports from Gujarat reach USD 25 billion in FY24
- Vehicle production in Gujarat is 1.5 million units in FY24, 17% national share
- Tile production in Gujarat is 1.2 billion sqm in 2024, 85% of India
- Fertilizer production capacity in Gujarat is 8 MTPA in 2024
- Milk processing capacity in Gujarat is 30 million litres/day in 2024
- Soda ash production in Gujarat is 3 million tonnes/year, 70% of India
Sectoral Output Interpretation
With industries from its soda ash to its diamond cash, Gujarat isn't just making products; it's chemically synthesizing, weaving, and polishing the very backbone of modern India.
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