[10] It leads in diverse industrial sectors such as chemicals, petrochemicals, dairy, drugs and pharmaceuticals, cement and ceramics, gems and jewellery, textiles and engineering.

[11] It has the highest Electricity Production Capacity[12] and Maritime Port Cargo Volume[13] among all states in India.

Ahmedabad and Vadodara are considered as pharmaceutical hubs as there are many big and small pharma companies established in these cities.

[18][19] Legatum Institute's Global Prosperity Index 2012 recognised Gujarat as the highest-scoring among all states of India on matters of social capital.

US$nominal) (in US$ nominal) (in Percent) (in Percent) (in % of GSDP) One of India's most industrialized states, Gujarat maintains a variety of industries, the principal ones being general and electrical engineering and the manufacture of textiles, vegetable oils, chemicals, soda ash, and cement.

Major resources produced by the state include cotton, peanuts, dates, sugarcane, and petrol.

The state is rich in calcite, gypsum, manganese, lignite, bauxite, limestone, agate, feldspar and quartz sand and successful mining of these minerals is done in their specified areas.

Also on the Gulf of Khambat, 50 kilometers southeast of Bhavnagar, is the Alang Ship Recycling Yard (the world's largest).

During the period 1960–1990, Gujarat established itself as a leader in various industrial sectors including textiles, engineering, chemicals, petrochemicals, drugs and pharmaceuticals, dairy, cement and ceramics, and gems and jewellery.

The post-liberalization period saw Gujarat's state domestic product (SDP) rising at an average growth rate of 14% per annum in real terms (from 1994 to 2002).

Gujarat is the largest producer of major cash crops like cotton, groundnut, tobacco, cumin, sesamum, etc.

Other major crops produced are rice, wheat, jowar, bajra, maize, tur and gram.

Dairy farming, primarily concerned with milk production, functions on a cooperative basis and has more than a million members.

(Thousand Tonnes) (Thousand Tonnes) Gujarat has been witnessing increasing investment both from Indian and foreign companies in recent times on account of its pro-business policies and this has augmented well for the engineering industry in Gujarat, which contributes to about 10% of the country’s total engineering output.

Rajkot district is the largest cluster for the production of auto components and diesel engines in the state.

Gujarat has offered several incentives to Suzuki Motors to set up an export-oriented unit for production and export of its popular models including the A-Star.

Suzuki, in partnership with Denso and Toshiba, is building a lithium-ion battery manufacturing facility at a cost of 1700 crore.

With GIFT City offering opportunities to foreign banks to book India-linked offshore businesses, more players are setting foot in Gujarat.

Ahmedabad and Vadodara are considered as pharmaceutical hubs as there are many big and small pharma companies established in these cities.

Progressive and investor-friendly industrial policies, including tax rationalization, energy reforms and the development of special economic zones, coupled with logistical proximity to Middle East gas resources, are one of the key growth drivers for the sector.

The Jamnagar Refinery is India's largest in terms of refining capacity and is also considered the largest grassroots refinery in the world.Gujarat has oil & gas reserves located at Ankleshwar, Mehsana, Tapti High, Hazira, Bharuch, Gandhar, Dahej, Jambussar, Palej, Kalol and isolated gas fields around Ahmadabad.

India has about 5,000 foundries and is the fourth largest producer of castings in the world, with an annual output of over 7.5 million tons.

Indian foundries regularly meet the demands and expectations of the global market and currently export about 300,000 tons annually.

In addition, a number of miscellaneous engineering items such as agricultural implements, hydraulic jacks, air compressors, fasteners and sobon are also manufactured in the cluster.

In the fiscal year 2021–22, Gujarat's merchandise exports hit a record level of over 12,700 crore INR (nearly $127 billion), the highest in the country.

[125] Article 246[126] of the Indian Constitution, distributes legislative powers including taxation, between the Parliament of India and the State Legislature.

[127] [128] The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment of the Constitution of India by the Indian government.

In an effort to meet the demands of rapid industrialization, the energy sector of Gujarat has undergone significant growth in past few years.

The two existing units at the Kakrapar atomic power station feature pressurised heavy water reactors (PHWR) of 220MW capacity each.

It is also the birthplace of Mahatma Gandhi and Sardar Vallabhbhai Patel, the great iconic figures of India's Independence movement.