Rajasthan Centre for Urban Research
With Net State Domestic Product (NSDP) of over US$ 11.5 billion in 2003-04, Rajasthan's economy is the eighth largest in the country. Rajasthan has convenient access to the wealthy north and the prosperous west, the two largest consumer blocks within India.
During the decade between 1994 and 2003, the state's NSDP grew at a Compounded Average Growth Rate (CAGR) of 6 per cent, increasing from US$ 6.4 billion to US$ 11.5 billion.
Rajasthan's per capita income stood at US$ 327 in 2003-04 and overall economic performance of the state has also been good during the last decade despite the drought situations in some of the years.
During 1995-96 and 2001-02, while the industrial sector has grown at 6.9 per cent per annum, the growth rate of services was 7.4 per cent during the same period. Among services, the share of trade and tourism in state's GSDP stands at over 16 per cent.
During the decade between 1994 and 2003, the state's NSDP grew at a Compounded Average Growth Rate (CAGR) of 6 per cent, increasing from US$ 6.4 billion to US$ 11.5 billion.
Rajasthan's per capita income stood at US$ 327 in 2003-04 and overall economic performance of the state has also been good during the last decade despite the drought situations in some of the years.
During 1995-96 and 2001-02, while the industrial sector has grown at 6.9 per cent per annum, the growth rate of services was 7.4 per cent during the same period. Among services, the share of trade and tourism in state's GSDP stands at over 16 per cent.
