Economy, jobs and prices in Gujarat, India: official figures
Net state domestic product per person, the usual measure of average income, was ₹272,451 in 2022-23 at current prices; 9th highest of 34. Five years earlier it was ₹176,961, a rise of 54% before inflation.
How big is Gujarat's economy?
The state's economy (gross state domestic product) was worth ₹22.03 lakh crore (₹22.03 trillion) in 2022-23 at current prices, 14.7% more than a year earlier.
Source: Reserve Bank of India · saved copyWhat are the main industries in Gujarat?
In 2022-23 services made up 35.1% of the value added in Gujarat's economy, manufacturing 35.2% and crop farming 10.6%, at current prices.
Source: Reserve Bank of India · saved copyHow much food does Gujarat grow?
Farmers in Gujarat produced 10,476,100 tonnes of foodgrains (rice, wheat, other cereals and pulses) in 2024-25, 2.9% of India's harvest; 14th largest of 31 with figures.
Source: Reserve Bank of India · saved copyWhat is the unemployment rate in Gujarat?
Unemployment in Gujarat in 2023-24 was 0.4% in rural areas and 2.3% in towns and cities (usual status, Periodic Labour Force Survey); all-India: 2.5% rural and 5.1% urban. Urban unemployment was 2nd lowest of 35.
Source: Reserve Bank of India · saved copyHow much do farm workers earn in Gujarat?
A man working as a general farm labourer in rural Gujarat earned on average ₹281 a day in 2024-25 (all-India: ₹398); 2nd lowest of 19 with figures. Rural day rates for men were ₹355 for construction workers and ₹307 for non-farm labourers.
Source: Reserve Bank of India · saved copyWhat is inflation in Gujarat?
Consumer prices in Gujarat rose 4.4% on average in 2024-25, and food and drink prices by 6.0% (all-India: 4.6%). Over the same year fuel and light prices fell 2.9% and urban housing costs rose 2.1%.
Source: Reserve Bank of India · saved copyDo banks lend in Gujarat?
Commercial banks in Gujarat held ₹12.73 lakh crore of deposits at the end of March 2025, about ₹173,200 per resident, and had lent ₹11.26 lakh crore: a credit-deposit ratio of 79.7% (all-India: 80.1%; 7th highest of 36). A low ratio means local savings are mostly lent elsewhere.
Source: Reserve Bank of India · saved copyMore figures
- Gujarat produced 18,312,000 tonnes of milk in 2023-24, 7.7% of the national total. Source: Reserve Bank of India · saved copy
- Indian tourists made 184.01 million visits to Gujarat in 2024 (6.2% of all domestic tourist visits; 8th most of 36). Source: Reserve Bank of India · saved copy
- Electricity available per person was 2,099 kWh in 2024-25 (all-India: 1,208 kWh). Source: Reserve Bank of India · saved copy
- 14.9% of the electricity fed into Gujarat's grid was lost in transmission and distribution in 2022-23, through technical losses, theft and unbilled supply (all-India: 17.7%). Source: Reserve Bank of India · saved copy
- NITI Aayog scored Gujarat 74 out of 100 on the Sustainable Development Goals India Index in 2023; joint 10th highest of 36. Source: Reserve Bank of India · saved copy
How Gujarat compares with other states
Urban unemployment rate (usual status) (2023-24)
Gujarat ranks 34 of 35, highest first.
| Rank | Region | Urban unemployment rate (usual status) |
|---|---|---|
| 29 | Mizoram | 3.4% |
| 30 | West Bengal | 3.3% |
| 31 | Tripura | 3.2% |
| 32 | Sikkim | 3.0% |
| 33 | Madhya Pradesh | 2.8% |
| 34 | Gujarat | 2.3% |
| 35 | Delhi | 2.0% |
Bank credit-deposit ratio (place of sanction) (March 2025)
Gujarat ranks 7 of 36, highest first. Loans made in the state per ₹100 of deposits held there.
| Rank | Region | Bank credit-deposit ratio (place of sanction) |
|---|---|---|
| 4 | Maharashtra | 98.1% |
| 5 | Delhi | 91.8% |
| 6 | Rajasthan | 88.6% |
| 7 | Gujarat | 79.7% |
| 8 | Chhattisgarh | 79.5% |
| 9 | Madhya Pradesh | 78.3% |
| 10 | Manipur | 76.6% |
More on Gujarat: overview · health · education and schools · poverty and living standards · government budget · India
Sources
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 153: State-wise Credit-Deposit Ratio of Scheduled Commercial Banks - According to Place of Sanction, read 23 October 2026 · saved copy (SHA-256 536e5d4415d4…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 108: State-wise Average Inflation (CPI) - General, read 23 October 2026 · saved copy (SHA-256 1dd5a612f16c…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 62: State-wise Production of Total Foodgrains, read 23 October 2026 · saved copy (SHA-256 7674a11e229b…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 21: Gross State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 307860e934ba…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 91: State-wise Milk Production, read 23 October 2026 · saved copy (SHA-256 3607285ce982…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 19: Per Capita Net State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 1f90818b79f1…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 138: State-wise Per Capita Availability of Power, read 23 October 2026 · saved copy (SHA-256 3004b58b5f81…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 106: State-wise Sustainable Development Goals (SDGs) Score, read 23 October 2026 · saved copy (SHA-256 f18c2f57a295…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 49: Gross State Value Added by Economic Activity - Services (Current Prices), read 23 October 2026 · saved copy (SHA-256 231843665df0…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 148: State-wise Electricity Transmission & Distribution Losses, read 23 October 2026 · saved copy (SHA-256 7ba079aa2389…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 13: State-wise Domestic Tourist Visits, read 23 October 2026 · saved copy (SHA-256 14ecc37284d7…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 9: State-wise Unemployment Rate: Usual Status (Adjusted) (Urban), read 23 October 2026 · saved copy (SHA-256 4eef6c004595…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 113: State-wise Average Daily Wage Rates in Rural India (Men - General Agricultural Labourers), read 23 October 2026 · saved copy (SHA-256 6f4995aec2fa…)
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