Entry

Economy Of Rajasthan.

Apr 3rd, 2008 04:38
kumar gaurav, http://www.rajasthantravelsguide.com/

Rajasthan has the eighth largest economy with a Net State Domestic
Product (NSDP) of over US$ 11.5 billion. Over the last ten years from
1994 to 2003, the state of Rajasthan underwent growth at a Compounded
Average Growth Rate (CAGR) of 6% increasing from US$ 6.4 billion to US$
11.5 billion.
In the years 1995-96 and 2001-02, the industrial sector of the state
underwent a growth rate of 6.9% per annum. The growth rate of the
service sector was 7.4 %.
The main economy of Rajasthan is agrarian based. Agriculture is the
leading economy of the state accounting for 22.5 per cent. The total
cultivated area of the state encompasses about 20 million hectares and
out of this only 20% of the land is irrigated.
The principal crops Barley, Wheat, Gram, Pulses, Oil Seeds, Bajra,
Pulses, Jowar, Maize Ground Nuts, fruits and vegetables and spices.
Next to the agricultural sector, the Industry of Rajasthan plays a major
role in the economy. The industrial sector accounts for about 32.5 per
cent of the total share of the state’s economy. The main industries of
Rajasthan include textile, rugs, woolen goods, vegetable oil and dyes.
Heavy industries consist of copper and zinc smelting and the manufacture
of railway rolling stock. The other industries related to Private Sector
include steel, cement, ceramics and glass wares, electronic, leather and
footwear, stone and other chemical industries. Rajasthan is also known
for its textile industry and the state is the fourth largest producer of
spun yarn in India.
Rajasthan is also the major producer of cement contributing to 15 per
cent of the national cement production.
Rajasthan is the third major salt producing state of the country and
accounts for one-tenth of the national salt production.
Rajasthan is the second largest mineral producing state in India and
houses about 90% of the total mineral reserves of the country. It shares
24% of the aggregate national production of non-metallic minerals. Thus
the Mining sector is a very important revenue earner for the state. From
this sector Rajasthan earns as mineral royalty an annual income of more
than US$ 100 Million.
Another most important revenue contributor of the state is Tourism and
accounts for about 15% of the economy of Rajasthan. Rajasthan
contributes about 11.2 per cent and 3.3 per cent share in India’s
foreign and domestic tourist arrivals respectively. The Rajasthan
government has brought down the luxury tax from 10% to 8% to boost the
tourism industry of Rajasthan.
The services sector accounts for 45 per cent of the GDP of the state.
Other sources of economy for the state are Infrastructure,
Transportation, Energy, Power, Telecommunications, and Banking &
Financial Institutions.
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