Accelerating growth in Gujarat
A discussion note
KPMG IN INDIA
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Foreward
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Gujarat : A holistic growth story
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Growth accelerators
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Building a success story
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The way forward
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The success story of Gujarat stands out amongst the Indian states as one of themost dynamic growth stories.This was evident during the Vibrant GujaratSummit, where the State attracted nearly USD 100 billion investments inJanuary 2007.This figure is more than what China attracts as FDI in a year!Gujarat’s State GDP has grown by 12 percent in real terms in the last 12 years.This State is one of the key drivers of India’s growth, where GDP is growing at arate of 9.2 percent.However, the State needs to benchmark itself with the best in the world – Dubai,Singapore, China – and not become complacent by doing better than other Indianstates. Gujarat, therefore, should consider such growth accelerators that willenable it to draw the best in class and bring about a paradigm shift in the State.This needs to be fleshed out further to facilitate growth and become theeconomic driving force for India.Clearly for India to grow at 10 percent, Gujarat needs to grow at 15 percent.Thisdiscussion note put forward by KPMG and CII identifies focus areas and anapproach to make Gujarat 2015 vision a ‘reality’.
Pradeep UdhasHead – MarketsKPMG in India
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