Introduction
In terms of land area, Rajasthan is the largest state in the nation. Its total area is 3.42 lakh square kilometers. It is situated in the nation’s northwest region. Its northeast is home to Punjab, Haryana, and Uttar Pradesh; its southeast is home to Madhya Pradesh; and its southwest is home to Gujarat. Rajasthan and Pakistan share a vast international border. The state’s topography is dominated by the Aravalli Mountain ranges, which are the oldest in the world.
The state is divided in half by these hills, which run from southwest to northeast. Known as the Great Indian Desert (Thar Desert), it is semi-desert or desert in its western and north-western regions. The state is divided into 7 Divisions, 33 Districts, 295 Panchayat Samitis, 9,891 Gram Panchayats, and 44,795 Revenue Villages from an administrative perspective.
economy of rajasthan: Important Facts
- Largest reserve of sandstone, limestone, and marble minerals.
- India’s largest producer of coarse grains.
- Biggest wool and mixed fabric producer in India.
- Rajasthan holds a prominent position in the manufacturing of synthetic, suiting material, polyester viscose yarn, and low-cost, low-weight fabric processing.
- Rajasthan has 300-330 bright, sunny days, making it stand out on India’s solar map.
- An ESDM center is being created at Bhiwadi in Rajasthan, which is 60 kilometers from the Indira Gandhi International Airport in New Delhi.
- 24% of Rajasthan’s GDP comes from agriculture and related industries, which provide a living for 62% of the state’s working population.
- 90% of India’s production of marble, slate, and sandstone is produced in the state of Rajasthan, which also holds a monopoly over other ceramic minerals.
- There are 79 different types of minerals in Rajasthan.
manufacturing industries in rajasthan
- Cement: Rajasthan produces cement due to its abundance of limestone reserves, which are among the world’s largest.
- Mining & Minerals: Rajasthan is the only lead and zinc producer in India, making it the nation’s second-largest producer of minerals. It also possesses sandstone, marble, and granite reserves.
- Automobiles and Auto Components: Rajasthan is home to more than 100 auto component manufacturing facilities, and Neemrana has been designated as an industrial region.
- Textiles: Rajasthan is home to one of India’s biggest producers of suiting fabric and yarn, the Bhilwara area, as well as cotton, a fundamental raw material used in the textile industry.
- agro based industry: Rajasthan grows a variety of crops, including oilseeds, garlic, lentils, mustard, fenugreek, cumin, fennel, and mustard, depending on the climate. Agro parks may be found in Kota, Jodhpur, Ganganagar, Alwar, and Ajmer. There are more than 850 factories in the state that process food.
- Ceramics: The government holds a monopoly in ceramic minerals. Two of the main areas of the industrial policy are glass and ceramics. Exclusive glass and ceramic zones are being planned by Ghiloth and Sathana.
- Small-Scale industry: Blue ceramics, leather goods, paintings, block printing, kundan, regal and elegant decorations are among the small-scale industry clusters.
- Renewable Energy: Rajasthan generates electricity from solar, wind, biomass, and solar rooftop sources, among other sources.
economic development in rajasthan
With a compound annual growth rate (CAGR) of 1%, the state’s GSDP rose from 2015-16 to 2023-24. With a 43.74% share in the state’s GSVA, the tertiary sector remained the fastest-growing sector and the largest contributor to Rajasthan’s economy in 2022-23, rising at a CAGR (in Rs.) of 6.13% between 2018-19 and 2022–23. Storage, communication, and services for financial services, public administration, and media were the main drivers of the expansion. The Department for Promotion of Industry and Internal Trade (DPIIT) reports that from October 2019 to June 2023, the state received US$ 2,173.91 million in foreign direct investment (FDI) inflows.
industry in rajasthan
- Approximately 32.5% of the state’s gdp is comprised of industry in rajasthan. The numerous small-scale industrial facilities that have sprung up throughout the state are proof of the entrepreneurial spirit of Rajasthanis.
- Large copper and zinc resources are being mined in order to support the growth of companies that rely on these metals.
- It contains sizable lignite, mica, and gypsum resources. It produces a lot of cotton, and Rajasthan has seen the growth of the textile industry in a number of locations.
- Other private sector businesses include those that produce chemicals, sugar, caustic soda, ball bearings, and cement.
agriculture in rajasthan
- With 22.5% of the state’s economy coming from agriculturein rajasthan, it is the main industry.
- The state’s total cultivated area is approximately 20 million hectares, of which just 20 percent are irrigated. Barley, Wheat, Gram, Oil Seeds, Pulses, Jowar, Maize, Ground Nuts, fruits, vegetables, and spices are the main crops.
- The second largest industry in Rajasthan’s economy is the agricultural sector.
tourism in rajasthan
- About 15% of Rajasthan’s GDP comes from tourism, which is another significant source of income for the state.
- Rajasthan accounts for roughly 11.2% and 3.3%, respectively, of all foreign and domestic tourist arrivals in India.
- The government of Rajasthan reduced the luxury tax from 10% to 8% with the aim of bolstering the state’s tourism sector. Fourteen percent of the state’s gdp is derived from the services sector.
- The state’s economy also derives from banking and financial institutions, transportation, energy, power, and infrastructure.
Conclusion
From its original agricultural foundations, Rajasthan’s economy has evolved into an increasingly diversified as well as dynamic structure. Rajasthan has the potential for long-term economic growth due to deliberate initiatives in renewable energy, industries, tourism, and agriculture, as well as a concentration on the development of human capital and infrastructures. Maintaining the state’s prosperity and enhancing the minimum standard of living for its citizens will be contingent heavily on its capacity to remain creative and adjust to shifting economic conditions.
