Gujarat's Per Capita Income Hits ₹3 Lakh, State Now a Top 5 Economy

• Gujarat's per capita income crossed ₹3 lakh for the first time, reaching ₹3,00,957.
• The state is now among India's top five largest economies, with a GSDP of ₹24.62 lakh crore in 2023-24.
• Gujarat recorded an average growth rate of 8.42% between 2012-13 and 2023-24, the highest among major states.
• The manufacturing sector contributed ₹7.43 lakh crore, nearly one-third of the Gross State Value Added (GSVA).
• Gujarat's GSDP increased nearly fourfold from ₹6.16 lakh crore in 2011-12 to ₹24.62 lakh crore in 2023-24.

Why It Matters: Gujarat's economic surge impacts national growth and investment prospects.