Economy of Rajasthan

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Economy of Rajasthan
World Trade Park Jaipur in 2012.jpg
Statistics
PopulationIncrease2.svg 7,72,64,000 (2019 est.) [1]
68,548,437 (2011) [2]
GDP 17.81 lakh crore (US$213 billion) (2024-25 est.) [3]
GDP rank 7th
GDP growth
13.7% (2024-25) [4]
GDP per capita
167,964 (US$2,000) (2023-24) [5]
GDP per capita rank
22nd
GDP by sector
Agriculture 27%
Industry 24%
Services 41% (2021–22) [4]
Population below poverty line
Decrease Positive.svg 14.71% in poverty (2017–18) [6]
Increase2.svg 0.638 medium (2021) (23th)
Labour force by occupation
Agriculture 44%
Industry 8%
Services 47% (2015) [4]
UnemploymentIncrease Negative.svg 23.8% (Oct 2022) [7]
Public finances
30.20% of GSDP (2023–24 est.) [4]
−58,212 crore (US$−7.0 billion) 4.4% of GSDP (2022–23 est.) [4]
Revenues2.15 lakh crore (US$26 billion) (2022–23 est.) [4]
Expenses2.73 lakh crore (US$33 billion) (2022–23 est.) [4]
All values, unless otherwise stated, are in US dollars.
Bajra field Grain millet, early grain fill, Tifton, 7-3-02.jpg
Bajra field

Rajasthan is a mineral-rich state and has a diversified economy having agriculture, mining and tourism as its main engines of growth. The state mines produce gold, silver, sandstone, limestone, marble, rock phosphate, copper and lignite. It is the second-largest producer of cement and contributes one tenth of the salt produced in India. [8]

Contents

Agriculture

Mustard fields in a village of Rajasthan 4 KLM Mustard.jpg
Mustard fields in a village of Rajasthan

Wheat [9] and barley are cultivated in large areas, as are pulses, sugarcane, and oilseeds. Cotton and tobacco are cash crops. Rajasthan is among the largest producers of edible oils in India and the second largest producer of oilseeds. Rajasthan is also the biggest wool-producing state in India. There are mainly two crop seasons Kharif and Rabi. The main source of irrigation is wells and tanks. The Indira Gandhi Canal irrigates northwestern Rajasthan.

Rajasthan is the largest producer of rapeseed, bajra, mustard and wool in India and the second largest producer of oilseeds and spices and milk. Rajasthan is third largest producer of soya bean and coarse cereals in India. [10]

Rajasthan is also the leading producer of milk in North India. Saras milk product brand of Rajasthan Co-operative Milk Producer Union has its outlets in Jodhpur(HQ), Jaipur and New Delhi.

Industries

A section of National Highway 48 in Rajasthan. Jaipur-Ajmer Road.JPG
A section of National Highway 48 in Rajasthan.

Rajasthan is 12th leading investment destination in India after Maharashtra, Gujarat, Delhi, West Bengal, etc. because of its environment, law and order situation, infrastructure, investment climate and favourable population density.[ citation needed ] Areas facing NCR such as Bhiwadi are now popular with automobile and manufacturing companies.[ citation needed ] Many of the small scale suppliers and vendors have opted to shift inside Rajasthan border from Gurgaon in Haryana because of power shortage and infrastructure issues there.[ citation needed ]. But persistent law and order problem in far-away industrial belt is a growing cause of concern.

Rajasthan State Industrial Development and Investment Corporation provides facilities for development. Rajasthan is now the preferred destination for IT companies,[ citation needed ] & North India's largest integrated IT park is located in Jaipur and is named as Mahindra World City Jaipur covering nearly 3,000 acres (12 km2) of land. Some of the companies operating in Rajasthan include Infosys, Genpact, Wipro, Truworth, Deusche Bank, NEI, MICO, Honda Siel Cars, Coca-Cola, Gillete etc.

Mining

Rajasthan is pre-eminent in quarrying and mining in India. Hindustan Zinc, headquartered in Udaipur.Kishangarh and Rajsamand also plays a vital role in economy due to the marble originated areas Rajasthan is India's only and world's leading integrated zinc, lead and silver producer. With its large scale operations of smelting and mining in various districts of Rajasthan, the company has contributed to the socio-economic development of the state.[ citation needed ] The state is the largest source of cement. Rajasthan is the largest cement-producing state of India. It has rich salt deposits at Sambhar, copper mines at Khetri and zinc mines at Dariba and Zawar. This is a chart of output of major minerals of Rajasthan.

MineralNational Share
Wollastonite 100%
Jasper 100%
Zinc concentrate99%
Fluorite 96%
Gypsum 93%
Marble 92%
Asbestos 89%
Soapstone 87%
Lead concentrate80%
Phosphate rock75%
Ball clay 71%
Calcite 70%
Sandstone 70%
Flaggy limestone 70%
Feldspar 70%

Tourism

Tourism is flourishing in Rajasthan.[ citation needed ] The palaces of Jaipur, lakes of Udaipur, and desert forts of Jodhpur, Bikaner & Jaisalmer are among the most common destinations for tourists. Tourism accounts for sixteen percent [11] of the state's domestic product. Many old and neglected palaces and forts have been converted into heritage hotels. Tourism has increased employment in the hospitality sector.

Handicrafts

A spin-off of tourism has been the growth of the handicrafts industry. Bassi and Molella villages in Chittorgarh and Rajasamand are well known for their wooden and clay handicraft items respectively. Blue pottery of Jaipur and ustta Kalan of Bikaner are also famous around the globe. Jodhpur is one of the major handicraft hubs in India, trading its handicrafts globally.

Related Research Articles

<span class="mw-page-title-main">Rajasthan</span> State in northwestern India

Rajasthan is a state in northwestern India. It covers 342,239 square kilometres (132,139 sq mi) or 10.4 per cent of India's total geographical area. It is the largest Indian state by area and the seventh largest by population. It is on India's northwestern side, where it comprises most of the wide and inhospitable Thar Desert and shares a border with the Pakistani provinces of Punjab to the northwest and Sindh to the west, along the Sutlej-Indus River valley. It is bordered by five other Indian states: Punjab to the north; Haryana and Uttar Pradesh to the northeast; Madhya Pradesh to the southeast; and Gujarat to the southwest. Its geographical location is 23°.3' to 30°.12' North latitude and 69°.30' to 78°.17' East longitude, with the Tropic of Cancer passing through its southernmost tip.

<span class="mw-page-title-main">Jodhpur</span> Metropolis in Rajasthan, India

Jodhpur is the second-largest city of the north-western Indian state of Rajasthan after its capital Jaipur. As of 2011, the city has a population of 1.03 million. It serves as the administrative headquarters of the Jodhpur district and Jodhpur division. It is historic capital of the Kingdom of Marwar, founded in 1459 by Rao Jodha, a Rajput chief of the Rathore clan. On 11 August 1947 four days prior to the Indian independence, Maharaja Hanwant Singh, the last ruler of Jodhpur state signed the Instrument of Accession and merged his state in Union of India. On 30 March 1949, it became part of the newly formed state of Rajasthan, which was created after merging the states of the erstwhile Rajputana Agency.

<span class="mw-page-title-main">North Western Railway zone</span> Zones of Indian Railways

The North Western Railway is one of 19 railway zones in India. It is headquartered at Jaipur, Rajasthan and has 59,075+ employees, 658+ stations and a route length of more than 5,761 kilometres (3,580 mi) across the states of Rajasthan, Gujarat, Punjab and Haryana. NWR operates international rail service Thar Express from Jodhpur to Karachi. This zone is the key enabler of the Delhi–Mumbai Industrial Corridor Project by virtue of running railways 1,500 km long Western Dedicated Freight Corridor.

<span class="mw-page-title-main">Chittorgarh</span> City in Rajasthan, India

Chittorgarh is a major city in the state of Rajasthan in western India. It lies on the Berach River, a tributary of the Banas, and is the administrative headquarters of Chittorgarh District. It was a major stronghold of the Rajput State of Medapata. The city of Chittorgarh is located on the banks of river Gambhiri and Berach.

<span class="mw-page-title-main">Udaipur</span> City in Rajasthan, India

Udaipur is a city in the north-western Indian state of Rajasthan, about 415 km (258 mi) south of the state capital Jaipur. It serves as the administrative headquarters of Udaipur district. It is the historic capital of the kingdom of Mewar in the former Rajputana Agency. It was founded in 1559 by Udai Singh II of the Sisodia clan of Rajputs, when he shifted his capital from the city of Chittorgarh to Udaipur after Chittorgarh was besieged by Akbar. It remained as the capital city till 1818 when it became a British princely state, and thereafter the Mewar province became a part of Rajasthan when India gained independence in 1947. It is also known as the City of Lakes, as it is surrounded by five major artificial lakes.

<span class="mw-page-title-main">Stones of India</span>

India possesses a wide spectrum of dimensional stones that include granite, marble, sandstone, limestone, slate, and quartzite, in various parts of the country.

<span class="mw-page-title-main">Balotra</span> Metropolitan City in Rajasthan, India

Balotra is a city situated in the Balotra district within the state of Rajasthan, India. Previously, it was located in the Barmer district of the Indian state of Rajasthan. It is known for its historical and cultural significance, as well as its role as a commercial and trading center in the region.

<span class="mw-page-title-main">Rajasthan State Road Transport Corporation</span> Public transport company

Rajasthan State Road Transport Corporation (RSRTC) is a public transport company which provides bus services in the Indian state Rajasthan. It is headquartered in Jaipur, Rajasthan. The corporation was established by Government of Rajasthan on 1 October 1964 under the Road Transport Act 1950. RSRTC operates ordinary, express and deluxe services. It has 4100 buses in its fleet, 52 depots across Rajasthan and 3 depots outside the state i.e. Indore, Ahmedabad and Delhi. There are around 2230 routes covered which amount to 5437.74 lakh km per year. It carries around 9 lakh passengers per day to their destinations within and outside the state. RSRTC operates services in Rajasthan and adjoining states of Haryana, Punjab, Delhi, Uttar Pradesh, Himachal Pradesh, Madhya Pradesh, Gujarat, Maharashtra, Uttarakhand, Jammu Kashmir and Chandigarh. Ticket reservation is available at all bus stations free of charge. Online ticket facility is available for Air conditioned, Deluxe, Semi-deluxe and express buses through Kiosks in Rajasthan as well as through RSRTC mobile application.

Rajasthan State Mines & Minerals Limited (RSMML) is a public sector enterprise of the Government of Rajasthan and primarily engaged in Mining and Marketing of High Grade Rock phosphate, Lignite, Limestone & Gypsum (Non-Metallic minerals) through its mines located at various locations in Rajasthan. RSMML is a multiple location organization which originated from a private company Bikaner Gypsum limited (BGL) founded in the year 1947 in Bikaner district of Rajasthan. In 1969 after discovery of rock phosphate in Jhamarkotra (Udaipur), BGL took over operations at Jhamarkotra mines. To enhance and stabilize the profit of company, government of Rajasthan acquired majority of shares and company’s name was changed to Rajasthan state of Mines and Minerals Limited. RSMML has divided its functions according to the respective minerals. It is engaged in the mining of the 4 minerals gypsum, rock phosphate, limestone and lignite at 4 locations.

<span class="mw-page-title-main">Culture of Rajasthan</span> Overview of Rajasthans culture

The culture of Rajasthan includes many artistic traditions that reflect the ancient Indian way of life. This historical state of India attracts tourists and vacationers with its rich culture, tradition, heritage and monuments.

<span class="mw-page-title-main">Economy of Madhya Pradesh</span>

The Economy of Madhya Pradesh refers to the economic growth with respect to the Indian state of Madhya Pradesh. It grew 12% in GDP for the year of 2011–12, for which it received an award from the President Pranab Mukherjee in January 2013 for improving its tourism, medical and infrastructural growth. The economy of Madhya Pradesh is significantly agrarian which is reflecting rapid strides towards industrial and service sectors as well. The Indore, Bhopal and Jabalpur districts are the top 3 districts in terms of highest output generation in the state's economy.

<span class="mw-page-title-main">Hindustan Zinc</span> Indian mining and resources company

Hindustan Zinc Limited (HZL) is an Indian integrated mining and resources producer of zinc, lead, silver and cadmium. It is a subsidiary of Vedanta Limited. Earlier it was a Central Public Sector Undertaking, sold by Government of India to Vedanta Limited when Atal Bihari Vajpayee and Bharatiya Janta Party Government was in power in the year 2003. HZL is the world's second largest zinc producer.

<span class="mw-page-title-main">Tourism in Rajasthan</span>

Rajasthan is one of the most popular tourist destinations in India, for both domestic and international tourists. Rajasthan attracts tourists for its historical forts, palaces, art and culture with its slogan "Padharo Mhare Desh " The capital city, Jaipur, also known as Pink City, is a very popular tourist destination and is a part of the Golden Triangle. The Walled City of Jaipur is only the second Indian city to be recognized as a UNESCO World Heritage Site, after Ahmedabad.

<span class="mw-page-title-main">Outline of Rajasthan</span> Overview of and topical guide to Rajasthan

The following outline is provided as an overview of and topical guide to Rajasthan:

<span class="mw-page-title-main">Rajasthan Day</span>

Rajasthan Day or Rajasthan Day also called the Foundation Day of Rajasthan is celebrated on 30 March. On this day many cultural activities organised at Jaipur, the capital of Rajasthan and also at every district headquarters in Rajasthan. On March 30, 1949, the princely states of Jodhpur, Jaipur, Jaisalmer and Bikaner were merged to form 'Greater Rajasthan Union'. Since then the celebration of Rajasthan Day started.

References

  1. "Population Projection 2019" (PDF).
  2. "Census 2011" (PDF).
  3. Legislative Research, PRS. "Rajasthan Budget Analysis 2024-25" (PDF). PRS India. PRS Org. Retrieved 15 September 2024.
  4. 1 2 3 4 5 6 7 "Rajasthan Budget Analysis 2022-23". PRS Legislative Research. Retrieved 12 March 2022.
  5. Legislative Research, PRS. "Rajasthan Budget Analysis 2024-25" (PDF). PRS India. PRS Org. Retrieved 15 September 2024.
  6. "SDGs India Index". NITI Aayog . 31 December 2019.
  7. "Unemployment Rate in India". Centre for Monitoring Indian Economy. p. 1. Retrieved 3 November 2020.
  8. "Economy of Rajasthan". Mapsofindia.com. Retrieved 7 August 2016.
  9. "Rajasthan tops in wheat production - Times of India". Timesofindia.indiatimes.com. 20 March 2016. Retrieved 7 August 2016.
  10. "Macro overview of Economy of Rajasthan". Just Wiki. 11 July 2016. Archived from the original on 18 August 2016. Retrieved 7 August 2016.
  11. "Rajasthan Economy". business.mapsofindia.com. Retrieved 10 January 2017.