Rajasthan
Rajasthan, the largest (area-wise) state in India, is in the north-western part of the subcontinent. It borders six major states in the northern, western, and central parts of India. Rajasthan is a natural corridor between the wealthy northern and the prosperous western states, making it an important trade and commerce centre.
The natural resources, policy incentives, strategic location and infrastructure in the state are favourably suited for investments in sectors such as cement, tourism, agriculture and allied industries, mineral and mineral processing industries. The state has an agricultural economy with nine agro-climatic zones and various types of soil that help during the cultivation of crops. Food grain production is estimated to have reached 22.80 million tonnes in 2018-19.
Rajasthan’s Gross State Domestic Product (GSDP) increased at a CAGR (in Rs.) of 7.05% between 2015-16 and 2020-21. At a CAGR (in Rs.) of 10.86% between 2011-12 and 2020-21, the tertiary sector has been the fastest-growing sector and the largest contributor to Rajasthan’s economy in 2020-21, with a 45.44% share in the state’s GSVA. The growth was driven by storage, communication & services related to broadcasting, financial services and public administration.
The state of Rajasthan has attracted investments in a diverse mix of sectors such as Auto &
Engineering, Renewable Energy, Tourism, Electronics System Design and Manufacturing (ESDM),Mines & Minerals. Sectors such as Information Technology (IT) and Information Technology Enabled Services (ITeS) are gaining momentum in the state because of abundance of skilled workforce, policy incentives and dedicated IT parks. With the evolving startup ecosystem, the state has been persistent in its efforts to offer tailor-made platforms to promote the startup ecosystem . In order to ignite the spirit of entrepreneurship and innovation for people in the state and converting ideas into potential businesses, the State Government, in 2015, outlined the ‘Rajasthan Startup Policy 2015’.The policy sets the tone for building and developing solutions for various unique challenges faced by the state in areas of water availability, arid land, agriculture, rural healthcare, food processing and efficient food supply chains.
Agriculture sector contributed close to 29% to Rajasthan's GDP in 2020-21. Rajasthan is the second largest producer of pulses, oilseeds, and the largest producer of coarse cereals, as of FY19. Rajasthan, with its diverse agro-climatic conditions is richly endowed with the cultivation of a variety of crops & offers tremendous opportunities in the areas of organic and contract farming as well as in infrastructure developments related to agriculture. Rajasthan is the largest producer of rapeseed, bajra and mustard. It is the second largest producer of oilseeds and spices and third largest producer of soya bean and coarse cereals in India. The MSME sector has significant presence in Rajasthan, both in terms of value addition and also in creating employment opportunities.
Rajasthan ranks #1 in Export Preparedness Index 2020 under Landlocked states category. Moreover, it has a vast network of national highways and railways, which provides excellent connectivity to major cities and ports of Gujarat and Maharashtra. The state's total road length is approximately 264,244 km, while the railway length stands at 5,937km.
Rajasthan has the presence of over 150 auto-component manufacturing units with Bhiwadi, Neemarana, Pathredi and Alwar being host to them .Approximately 40 per cent of passenger car and motorcycle production of India is concentrated within 200 km radius in Alwar district in Rajasthan.
Rajasthan has a huge potential of solar energy, the climatic conditions of state makes it ideal for capturing the solar rays in sufficiency. The climate of Rajasthan is semi-arid; the desert of Thar spreads on the 66.66 % of total area of state. These climatic specialties makes it suitable to receive almost 300- 325 sunny days in a year and 6-6.4kwh/m2 / sun radiation per day, which is second highest amount of sun radiation all over the world. The average temperature of western cities of Rajasthan is between 35-40 degree, and in summer, it reaches above 45 degree. The availability of solar energy in Rajasthan is 6 to 7 kw/km2, which provides the potential of 100000 MW electricity yearly, out of which only 442.25 MW is currently being produced. The state has the solar potential of 142 GW, highest among Indian states, and wind potential of 1,27,750 MW. The total installed power capacity is 25,740 MW.
Rajasthan, the largest (area-wise) state in India, is in the north-western part of the subcontinent. It borders six major states in the northern, western, and central parts of India. Rajasthan is a natural corridor between the wealthy northern and the prosperous western states, making it an important trade and commerce centre.
The natural resources, policy incentives, strategic location and infrastructure in the state are favourably suited for investments in sectors such as cement, tourism, agriculture and allied industries, mineral and mineral processing industries. The state has an ...