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Transforming Gujarat: Aiming for a 3.5 Trillion USD Economy by 2047

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‘We Are Determined to Transform Gujarat into a USD 3.5 Tn Economy by 2047’, Says Gujarat CM Bhupendra Patel

Gandhinagar, July 27 – In a significant announcement, Gujarat Chief Minister Bhupendra Patel has highlighted the state’s ambitious journey towards becoming a USD 3.5 trillion economy by the year 2047. This declaration was made during the 9th meeting of the Niti Aayog Governing Council in New Delhi, which saw the participation of various state leaders and was chaired by Prime Minister Narendra Modi. The meeting was a platform for discussing the roadmap for achieving a ‘Developed India’ by 2047, a vision shared by the Prime Minister.

Underlining the state’s commitment, CM Patel unveiled the formation of the Gujarat State Institution for Transformation (GRIT). Inspired by the national think tank NITI Aayog, GRIT aims to systematically blueprint and execute plans towards realizing the vision of a ‘Developed India’ come 2047.

Gujarat’s strategy involves embracing the Prime Minister’s ‘GYAN’ mantra focusing on pivotal societal pillars; the Poor, Youth, Farmers, and Women. This inclusive approach is seen as crucial for fostering an environment of growth and development across the state.

As part of this vision, the Chief Minister introduced the ‘Gujarat@2047 Dynamic Document-Roadmap.’ This roadmap, resting on the foundational pillars of ‘Earning Well’ and ‘Living Well,’ aims at not just economic prosperity but enhancing the quality of life for its citizens. Gujarat’s notable contribution of 8.3 percent to the country’s GDP in the fiscal year 2022-23, despite being home to only 5 percent of the population, underscores the state’s significant role and its potential in national development.

The meeting was also an opportunity for Patel to showcase Gujarat’s achievements and future plans in areas vital for growth and prosperity. Among these were initiatives in sectors like PM Gati Shakti, Health, Women’s Dignity Policies, Millets, Natural Farming, Digital Agriculture Mission, MSME, and Amrit Sarovar. The Chief Minister’s advocacy for an ‘Atmanirbhar Bharat’ underscores the belief that a self-reliant India is the cornerstone of a ‘Developed India.’

Highlighting the state’s focus on innovation and technology, Patel discussed Gujarat’s strides towards green growth and sustainable development. The establishment of the country’s first semiconductor chip manufacturing plant in Gujarat, inaugurated at the Vibrant Summit in January, marks a significant step towards self-reliance in semiconductor production. This endeavor aligns with the state’s efforts in nurturing a skilled ecosystem furnished with knowledge in semiconductors, blockchain, and AI to fuel the vision of a ‘Developed India by 2047.’

The Gujarat government’s initiatives, like the ‘Mukhyamantri Bhavishyalakshi Kaushalya Vikas Yojana,’ aim at equipping the youth for future industries. Developments in renewable energy, such as the world’s largest hybrid Renewable Energy park in Kutch, and the promotion of natural farming, with over 43 lakh farmers trained and approximately 9 lakh practicing over 7 lakh acres, were among the highlighted efforts towards sustainable development and agriculture.

In his concluding remarks, Chief Minister Bhupendra Patel recognized the leadership of Prime Minister Narendra Modi in positioning India as the world’s fifth-largest economy. With a vision set on becoming the third-largest economy, the commitment from Gujarat towards achieving a ‘Developed India’ by 2047 stands unwavering.

Attending the meeting alongside Chief Minister Bhupendra Patel was Gujarat Chief Secretary Raj Kumar, marking Gujarat’s collective resolve towards contributing significantly to the nation’s ambitious future goals.

Alexandra Bennett
Alexandra Bennetthttps://www.businessorbital.com/
Alexandra Bennett is a seasoned business journalist with over a decade of experience covering the global economy, finance, and corporate strategies. With a Bachelor's degree in Economics and a Master's in Business Journalism from Columbia University, Alexandra has built a reputation for her insightful analysis and ability to break down complex economic trends into understandable narratives. Prior to joining our team, she worked for major financial publications in New York and London. Alexandra specializes in mergers and acquisitions, market trends, and economic

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