The economy of Gujarat is one of India's largest and most diversified state economies. Located on India's western coast, Gujarat combines large-scale manufacturing and energy industries with financial services, export-oriented manufacturing, agriculture, logistics and an expanding technology economy.
Gujarat has major industrial concentrations in petroleum refining and petrochemicals, chemicals and specialty chemicals, pharmaceuticals, engineering, automobiles and electric vehicles, textiles and apparel, gems and jewellery, ceramics, food processing, electronics and semiconductors. Since the early 2020s, substantial investment has also been directed towards renewable-energy equipment, batteries, green hydrogen, data centres, global capability centres (GCCs), space technology and other advanced-technology industries.
Gujarat's Gross State Domestic Product (GSDP) at current prices was estimated at approximately ₹33.25 lakh crore for 2026–27 in the state budget. In 2025–26, the secondary sector accounted for 42.87% of GSDP at current prices, the tertiary sector for 39.16% and the primary sector for 17.97%.
The state's export-oriented economy is supported by a large port network and a dense industrial infrastructure system. Gujarat recorded exports of approximately US$116.33 billion in 2024–25, equivalent to approximately ₹9.83 lakh crore, according to the Federation of Indian Export Organisations (FIEO).
Economic structure
Gujarat's economy has historically been characterised by high levels of manufacturing, private enterprise, trade and exports. Petroleum refining, petrochemicals, chemicals, engineering, pharmaceuticals, textiles, diamonds and ceramics form longstanding industrial strengths. Newer investment is increasingly concentrated in semiconductors, electronics, electric mobility, batteries, renewable-energy equipment, green hydrogen, technology services and advanced manufacturing.
The state's economic geography is strongly linked to transport infrastructure. Major industrial clusters are connected by national highways, railways, the Western Dedicated Freight Corridor, ports, airports, logistics parks and the Delhi–Mumbai Industrial Corridor.
Gross State Domestic Product
Fiscal year GSDP at current prices Status 2026–27 ₹33.25 lakh crore Budget estimate 2025–26 approximately ₹29.85 lakh crore Revised estimate 2024–25 ₹27.04 lakh crore Quick estimate 2023–24 approximately ₹24–26 lakh crore depending on statistical revision Revised statistical series
Sectoral structure
Sector Share of GSDP Reference year Primary sector 17.97% 2025–26 Secondary sector 42.87% 2025–26 Tertiary sector 39.16% 2025–26
Industrial development
Gujarat has one of India's largest industrial ecosystems. Industrial development is organised through a combination of government-developed industrial estates, special investment regions, special economic zones, private industrial parks, port-led industrial clusters and sector-specific development policies.
Major industrial corridors include the Ahmedabad–Sanand–Hansalpur–Becharaji corridor, Ahmedabad–Gandhinagar–GIFT City, Dholera Special Investment Region, Vadodara–Halol, Bharuch–Dahej–Ankleshwar, Surat–Hazira, Vapi–Valsad, Rajkot–Morbi, Jamnagar and Kutch–Mundra.
Gujarat Industrial Development Corporation
The Gujarat Industrial Development Corporation (GIDC) is a state-owned industrial infrastructure corporation responsible for developing and managing industrial estates and associated infrastructure across Gujarat.
GIDC's industrial-estate network includes manufacturing clusters for chemicals, pharmaceuticals, engineering, textiles, automobiles, food processing, electrical equipment and other industries.
Industrial centre District Principal sectors Naroda Ahmedabad Engineering, chemicals, pharmaceuticals and manufacturing Vatva Ahmedabad Chemicals, pharmaceuticals, engineering and manufacturing Sanand Ahmedabad Automobiles, EVs, electronics and semiconductors Mandal Ahmedabad Japanese industrial and manufacturing investments Makarpura Vadodara Engineering, electrical equipment and industrial machinery Nandesari Vadodara Chemicals and pharmaceuticals Vaghodia Vadodara Engineering, chemicals and manufacturing Ankleshwar Bharuch Chemicals, pharmaceuticals, dyes and specialty chemicals Dahej Bharuch Petrochemicals, chemicals, plastics, energy and port-linked industry Vapi Valsad Chemicals, pharmaceuticals, paper and manufacturing Umbergaon Valsad Engineering and manufacturing Rajkot Rajkot Engineering, machine tools, castings and auto components Jamnagar Jamnagar Brass components, engineering, petroleum and petrochemicals V.U. Nagar Anand Engineering and manufacturing
GIDC's FY2026–27 industrial-estate information includes estates and industrial areas across Ahmedabad, Amreli, Anand and other districts and is used for land-allotment and industrial-investment planning.
Viksit Gujarat Industrial Policy 2026
The Viksit Gujarat Industrial Policy 2026 is Gujarat's current overarching industrial-policy framework. It was launched in June 2026 and is effective from 1 June 2026 for a five-year period.
The policy seeks to attract approximately ₹10 lakh crore of fresh investment during the policy period and to increase manufacturing scale, employment, exports, research and development, sustainability and integration with global value chains.
The policy framework covers capital-intensive manufacturing as well as knowledge-intensive and technology-oriented activities. Priority areas include:
green energy and green hydrogen; automobiles and electric mobility; electronics and semiconductor manufacturing; capital equipment and industrial machinery; pharmaceuticals, healthcare and medical devices; textiles and technical textiles; agro and food processing; gems and jewellery; metals and mineral processing; sustainability and recycling technologies; and advanced and emerging technologies.
The policy also provides for differentiated assistance according to project size, sector and location, with additional institutional support for R&D, industrial infrastructure, skills and global-value-chain participation.
THRIVE industrial relocation scheme In September 2026, the state government reserved a total of about 1,700 acres of land, comprising roughly 1,100 acres in Surendranagar district and 600 acres in Kheda district, to relocate industries operating within Ahmedabad city limits under a scheme called THRIVE (Transition for Harmonized Relocation and Inclusive Vibrant Economy). Priority for allotment in the new industrial clusters is to be given to units in GIDC estates within Ahmedabad, with units on private land within city limits also eligible. The relocation drive follows repeated directions from the Gujarat High Court favouring the shifting of industrial units out of Ahmedabad to improve the city's urban environment.
MSMEs
Micro, small and medium enterprises constitute a major component of Gujarat's manufacturing economy. Government programmes support MSME capital investment, technology upgrading, infrastructure, access to markets, skills and integration with larger industrial and export supply chains.
Special economic zones
Gujarat has a broad network of Special Economic Zones (SEZs). As of December 2025, the state had 22 operational SEZs, covering sectors such as pharmaceuticals, textiles, engineering, chemicals, electronics, information technology and port-based multi-product manufacturing.
Important SEZ locations include Ahmedabad and Gandhinagar for IT and technology activities, Bharuch for chemicals and manufacturing, Kutch for port-based and renewable-energy-related activities and other industrial locations across the state.
GIFT City
Gujarat International Finance Tec-City (GIFT City) is a planned business district between Ahmedabad and Gandhinagar. It contains a Special Economic Zone and the International Financial Services Centre (IFSC), together with a Domestic Tariff Area.
GIFT City has developed as an international financial and business-services centre. Activities include international banking, capital markets, fund management, insurance, fintech, aircraft leasing, ship leasing, bullion trading, global in-house centres and related professional services.
GIFT City's official information reported more than 1,000 operational entities, more than 20,000 employment opportunities, more than 29 million square feet allotted and more than US$100 billion in banking assets as of September 2025.
International financial institutions, global reinsurers and corporate treasury operations have increasingly established or planned operations at GIFT IFSC. Reuters reported in 2026 that firms including Adani, Bharti Airtel, Genpact and ZF were planning treasury operations in GIFT City and that global reinsurers were seeking entry through the IFSC.
Global Capability Centres
The Gujarat Global Capability Center (GCC) Policy 2025–30 is intended to establish Gujarat as a location for high-value Global Capability Centres operated by multinational and large domestic enterprises.
The policy targets:
Target Policy objective New GCC units Minimum 250 Employment More than 50,000 jobs Investment ₹10,000 crore
The policy focuses on high-skilled employment, R&D, digital transformation, specialised skills, global-value-chain integration and modern physical and digital infrastructure.
Its incentives include employment-generation assistance, interest support, electricity-duty reimbursement, rental assistance under eligible infrastructure models, skill-development support and quality-certification assistance.
For eligible new local employees, the policy provides one-time employment-generation assistance of up to ₹50,000 per male employee and ₹60,000 per female employee. Eligible units can receive interest assistance of 7% on term loans or actual interest paid, subject to an annual ceiling of ₹1 crore and other policy conditions.
Science, technology and innovation
The Gujarat Science, Technology and Innovation Policy 2026–31 was launched in March 2026 to strengthen research, indigenous technology development and advanced-technology industries.
The policy establishes a ₹1,000 crore Innovation Fund and targets the development of 1 lakh highly skilled research professionals by 2031. It also targets more than 1,000 annual intellectual-property filings, including more than 500 patents.
Strategic technology areas include artificial intelligence, semiconductors, quantum technologies, biotechnology, green energy, energy storage, defence, space technology, drones, cybersecurity, robotics, medical technology and other deep-technology sectors.
Electronics and semiconductor industry
Gujarat has become a major Indian location for semiconductor fabrication, semiconductor assembly and testing, electronics manufacturing and related supply chains.
The Government of Gujarat's semiconductor policy supports eligible semiconductor fabs, display facilities, compound semiconductors and semiconductor assembly, testing, marking and packaging projects through land facilitation, utility support, approvals and fiscal assistance in coordination with India's semiconductor programme.
Tata Electronics Dholera semiconductor fab
Tata Electronics is developing a semiconductor fabrication facility at Dholera Special Investment Region in partnership with Powerchip Semiconductor Manufacturing Corporation (PSMC) of Taiwan.
The project has an announced investment of approximately ₹91,000 crore and a planned production capacity of 50,000 wafer starts per month (WSPM).
The fab is intended to produce semiconductor devices for automotive, communications, power electronics, high-performance computing and other applications.
In May 2026, Tata Electronics and ASML announced a strategic partnership covering lithography tools, talent development, supply-chain resilience and R&D infrastructure for the Dholera fab.
Dholera semiconductor SEZ