Latest News | Rajasthan Holds Potential to Become USD 351 Bn Economy by 2028-29: PHDCCI

Jaipur, Dec 18 (PTI) Rajasthan holds an immense potential to become a USD 351 billion economy by 2028-29, industry body PHD Research Bureau (PHDCCI) has said in a report.

The report said the state has the potential to surpass the USD 400 billion mark by 2030, driven by continuous infrastructure improvement, a diversified industrial base, enhanced food processing, state-of-the-art tourism infrastructure and a renewed focus on human development.

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"Rajasthan, one of India's largest and most diverse states, is experiencing a remarkable economic transformation. As a key player in the nation's economic growth, the state has shown impressive progress in multiple sectors, positioning itself to play a pivotal role in India's economic growth," said the analysis report.

Between 2020-21 and 2023-24, Rajasthan's gross state domestic product (GSDP) has seen an outstanding growth trajectory, increasing from Rs 10.17 lakh crore to Rs 15.28 lakh crore.

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"This growth, particularly in the post-COVID era, underscores Rajasthan's resilience and commitment to sustainable economic development," said the report.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)