Why Gujarat is among the best places to invest in India
Image: GSDP rises.The GSDP growth rate has fluctuated, the peak being 14.95 per cent in 2005-06. It fell to 8.4 per cent in 2006-07 and jumped to 11 per cent in 2007-08, then slipping in 2008-09 to about seven per cent.
Why Gujarat is among the best places to invest in India
Image: Per capita income shows rapid growth.For 2005-06, it was Rs 36,102 and for 2009-10, estimated at Rs 49,030, up 9.3 per cent from Rs 44,816 in 2008-09. This is far more than the national per capita income of Rs 33,731 estimated for 2009-10.
Concerns on the social order have resurfaced in the past couple of years. The high profile Sohrabuddin Sheikh encounter case, an allegedly fake encounter by the state police, has cost the government the junior home minister, jailed last year for his alleged role.
Why Gujarat is among the best places to invest in India
Image: A Bharatiya Janata Party supporter wears a mask of Gujarat's Chief Minister Narendra Modi.Photographs: Reuters.
It was the reputation on governance and project implementation that helped the government remain in office despite the political tremors.
The government claims to have expedited construction work on the Narmada Canal project.
Why Gujarat is among the best places to invest in India
Image: A car factory in Gujarat.There is also a major thrust on infrastructure. The development of ports and port-based investment activity is an instance.
There is also a plan for shipbuilding parks along the coastline.
Why Gujarat is among the best places to invest in India
Image: Vibrant Gujarat Global Investors' Summits boosts the state's reputation.The past five years saw three such events, in 2007, 2009 and 2011.
Why Gujarat is among the best places to invest in India
Image: Ratan Tata and Narendra Modi.The last five years of the Modi administration has also succeeded in garnering some big-ticket projects for the state, including Tata Motors' much-hyped Nano car factory at Sanand near Ahmedabad.
A leading tyre making company, CEAT, has established a unit near Vadodara.
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