Gujarat’s Journey to a $3.5 Trillion Economy by 2047
In an ambitious move forward, Gujarat’s Chief Minister, Bhupendra Patel, has laid a clear vision for the state’s economic future. Speaking at the 9th meeting of the Niti Aayog Governing Council in New Delhi, the Chief Minister underscored Gujarat’s commitment to morphing into a $3.5 trillion economy by the year 2047. This meeting, chaired by Prime Minister Narendra Modi, proved to be a significant platform for Patel to express the state’s dedication towards achieving ‘Viksit Bharat’ or Developed India by 2047.
At the heart of Gujarat’s transformative agenda is the formation of the Gujarat State Institution for Transformation (GRIT). Inspired by the central government’s NITI Aayog, GRIT aims to systematically enact the Prime Minister’s vision. A notable strategy in this mission is the adoption of the ‘GYAN’ mantra, focusing on the advancement of the Poor, Youth, Farmers, and Women of the state.
Chief Minister Patel introduced the ‘Gujarat@2047 Dynamic Document-Roadmap’ as a strategic guide towards achieving a Developed Gujarat for a Developed India. The roadmap, which emphasizes ‘Earning Well’ and ‘Living Well,’ seeks to improve the economic prosperity and quality of life for the people of Gujarat. He proudly mentioned that Gujarat, with just 5% of the nation’s population, contributed 8.3% to India’s GDP in the fiscal year 2022-23, showcasing the state’s significant economic leverage.
During his address, Patel highlighted Gujarat’s progress in key sectors like PM Gati Shakti, Health, Women Empowerment Policies, Millets, Natural Farming, and Digital Agriculture, among others. He discussed the state’s vision for self-reliance and becoming a global manufacturing hub, along with the importance of producing world-class products to strengthen both national and global supply chains.
Particular focus was given to Gujarat’s advancement in green growth initiatives. The Chief Minister shared the state’s achievements in setting up the nation’s first semiconductor chip manufacturing plant and its alignment with the green growth vision of Prime Minister Narendra Modi. The establishment of this plant not only promotes semiconductor self-reliance but also plays a crucial role in positioning India on the global semiconductor map.
Moreover, the Gujarat government is keen on strengthening its young workforce through the ‘Mukhyamantri Bhavishyalakshi Kaushalya Vikas Yojana,’ in anticipation of future industry needs like semiconductors, blockchain, and AI. The state has also made remarkable strides in implementing the Solar Rooftop Scheme and developing the world’s largest hybrid Renewable Energy park in Kutch.
The Chief Minister touched upon agricultural advancements, reporting over 43 lakh farmers trained in natural farming, with significant adoption rates across the state. This initiative is a testament to Gujarat’s balanced focus on both agriculture and non-agriculture sectors.
In concluding his address, Chief Minister Bhupendra Patel reaffirmed the state’s resolve to contribute significantly towards India’s journey of becoming the third-largest economy globally. Under Prime Minister Narendra Modi’s leadership, India has already ascended to the fifth-largest economy, and with initiatives like those envisioned by Gujarat, it is well on its path to greater heights.
Gujarat’s comprehensive plan for economic transformation, supported by strategic initiatives and policies, showcases the state’s proactive approach to realizing the vision of ‘Viksit Bharat’ by 2047. With a focus on technological advancement, inclusive growth, and sustainable development, Gujarat is setting a benchmark for other states to emulate on India’s path to becoming a global economic powerhouse.
