Gujarat among fastest developing states, its growth model most unique!

Published By : Admin | October 17, 2012 | 19:07 IST

Asia’s leading brokerage firm CLSA praises Gujarat’s development yet again! 

In a report ‘Gujarat: Growth to Sustain’, the authors note that Gujarat is not only among the fastest growing states in India but also has its unique model of development 

Industrial growth thanks to industry friendly policies, present Government’s initiatives that have attracted industry and industrialists: CLSA 

CLSA report notes Gujarat’s agriculture is shining including yield on food grains, wheat and cotton production as well as contribution to national agriculture GDP 

Gujarat’s growth characterized by low reliance on Central Funds: CLSA

Gujarat’s development journey has drawn the attention of various reputed international think tanks and policy institutions. The most recent words of admiration for Gujarat’s growth come from CLSA Asia-Pacific Markets, which is Asia’s leading independent brokerage and investment group.

In a report titled ‘Gujarat: Growth to Sustain’ by Anirudha Dutta and Bhavesh Pravin Shah, it has been argued that apart from being one od the fastest growing most developed states in India, Gujarat also presents one of the most unique growth models. The report notes Gujarat’s success on agriculture and states that the growth model is more resilient due to its limited reliance on Central funds.

A Growth Model That is Sustainable: 

It is essential for growth to be sustainable in order to benefit as many people as possible. The CLSA report has noted this sustainability in Gujarat’s growth story under the visionary leadership of Shri Narendra Modi, putting it in perspective with the rest of India. 

Writing about India’s economic trajectory, the report notes that India grew differently and made the transition from being, “an agrarian economy to a services powerhouse without going through a phase where manufacturing dominates” and this has led to dependence on agriculture along with no large scale creation on employment. 

However, in case of Gujarat the report makes the following observations:

  • Gujarat has bucked this overall trend. Industry accounts for 40% of GSDP vis-à-vis 27% for the rest of India.
  • The state scores well when compared to other industrialized states such as Maharashtra and Tamil Nadu, where share of industry in overall GSDP has been falling.
  • Gujarat industry’s GDP contribution towards national industry GDP has risen from 8-8.5% in FY01 to 11-11.5% in FY11.
 

On the role of the state Government, the report notes:

  • Among other things, industrial growth possible thanks to industry friendly polices.
  • Present Government’s initiatives have attracted many an industries and industrialists.
 

JAI KISAN- CLSA Report Notes Gujarat’s Success in Agriculture 

Agriculture is the life force of our nation. Even today, most number of people earn their livelihood from the primary sector. No growth can be considered complete till our agrarian economy receives an impetus.

When Shri Narendra Modi assumed office in 2001, Gujarat was never known for its agriculture growth. With perpetual drought, lack of perennial rivers among other things, no one thought agriculture could thrive in Gujarat. This was when Shri Modi ushered in a paradigm shift in the approach to governance and gave an immense boost to agriculture. Initiatives such as Krishi Mahotsav brought about revolutionary change in the lives of the farmers and today the results are for al to see- while the rest of India’s agriculture has failed to grow beyond 3%, Gujarat has maintained consistent agrarian growth of 11%!

CLSA notes these changes in its report and states:

  • Gujarat’s GSDP from agriculture is 13%, which is considerably higher than industrialized states like Maharashtra and Tamil Nadu.
  • In the last decade, Gujarat has doubled agriculture GDP contribution to national agriculture GDOP.
  • Gujarat’s contribution to wheat and cotton production has improved over past few years.
  • Marked increase its yield in food grains.

Low Reliance on Central Funds! 

Shri Narendra Modi has repeatedly stated that the development in Gujarat is due to the efforts of 6 crore people of Gujarat. It is collective efforts and teamwork that is driving the growth engine of the state. In its report, CLSA notes that Gujarat’s reliance on central funds is low. The state’s tax revenue as percentage of total tax revenue stands at the highest in the country with 84%,

Furthermore, it states that Gujarat’s share in central devolution has remained unchanged at 3.4%, lower than states such as Maharashtra, Tamil Nadu, and Andhra Pradesh etc.

This report can be one of the many fitting answers to those anti-Gujarat elements who have been shouting from the roof top claiming their so called hand in the state’s development in the last decade when the numbers suggest a very different story!

Other Salient Points:

The CLSA report on Gujarat makes several other points on the vibrant atmosphere of development in the state. Some of the points they note are:
  • Gujarat is one of the best states in terms of improved governance in the past decade within the developed states.
  • Results visible in various sectors from literacy, PCI, drinking water facilities.
  • Improved Governance will help Gujarat enhance the social sector.
 

This is not the first time CLSA has praised the development in Gujarat. Its May 31st 2012 issue of ‘GREED & fear’ authored by renowned strategist Mr. Christopher Wood lauded Gujarat’s growth story and contrasted it with the pessimism that set in due to policy paralysis from New Delhi.

Other leading international bodies that have praised the development in Gujarat under the inspiring leadership of Shri Narendra Modi include world’s oldest and leading think tank Brookings Institution, leading business daily the Financial Times and the independent USA Congressional Think Thank, which called Shri Modi the ‘King of Governance.’ In March this year he appeared on the cover of TIME Magazine in a story titled, ‘Modi Means Business.

Shri Modi has said many times that the only thing he thinks of is the development of Gujarat and it is his dreams and inspiring leadership that has put Gujarat on the world map of development. Today, when we read reports such as these, we get an indication of how his dreams have translated into a reality, giving the people of Gujarat a golden decade of development.

 

References Cited:

https://www.business-standard.com/india/news/five-reasonsgujarat-is-differentother-states-clsa/191500/on 

https://blog.offstumped.in/2012/10/11/gujarat-polls-2012-clsas-state-of-states-report-on-gujarat/ 

https://www.narendramodi.in/leading-international-brokerage-house-clsa-applauds-development-in-gujarat/

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Text of PM Modi's address to the Indian Community in Guyana
November 22, 2024
The Indian diaspora in Guyana has made an impact across many sectors and contributed to Guyana’s development: PM
You can take an Indian out of India, but you cannot take India out of an Indian: PM
Three things, in particular, connect India and Guyana deeply,Culture, cuisine and cricket: PM
India's journey over the past decade has been one of scale, speed and sustainability: PM
India’s growth has not only been inspirational but also inclusive: PM
I always call our diaspora the Rashtradoots,They are Ambassadors of Indian culture and values: PM

Your Excellency President Irfan Ali,
Prime Minister Mark Philips,
Vice President Bharrat Jagdeo,
Former President Donald Ramotar,
Members of the Guyanese Cabinet,
Members of the Indo-Guyanese Community,

Ladies and Gentlemen,

Namaskar!

Seetaram !

I am delighted to be with all of you today.First of all, I want to thank President Irfan Ali for joining us.I am deeply touched by the love and affection given to me since my arrival.I thank President Ali for opening the doors of his home to me.

I thank his family for their warmth and kindness. The spirit of hospitality is at the heart of our culture. I could feel that, over the last two days. With President Ali and his grandmother, we also planted a tree. It is part of our initiative, "Ek Ped Maa Ke Naam", that is, "a tree for mother”. It was an emotional moment that I will always remember.

Friends,

I was deeply honoured to receive the ‘Order of Excellence’, the highest national award of Guyana. I thank the people of Guyana for this gesture. This is an honour of 1.4 billion Indians. It is the recognition of the 3 lakh strong Indo-Guyanese community and their contributions to the development of Guyana.

Friends,

I have great memories of visiting your wonderful country over two decades ago. At that time, I held no official position. I came to Guyana as a traveller, full of curiosity. Now, I have returned to this land of many rivers as the Prime Minister of India. A lot of things have changed between then and now. But the love and affection of my Guyanese brothers and sisters remains the same! My experience has reaffirmed - you can take an Indian out of India, but you cannot take India out of an Indian.

Friends,

Today, I visited the India Arrival Monument. It brings to life, the long and difficult journey of your ancestors nearly two centuries ago. They came from different parts of India. They brought with them different cultures, languages and traditions. Over time, they made this new land their home. Today, these languages, stories and traditions are part of the rich culture of Guyana.

I salute the spirit of the Indo-Guyanese community. You fought for freedom and democracy. You have worked to make Guyana one of the fastest growing economies. From humble beginnings you have risen to the top. Shri Cheddi Jagan used to say: "It matters not what a person is born, but who they choose to be.”He also lived these words. The son of a family of labourers, he went on to become a leader of global stature.

President Irfan Ali, Vice President Bharrat Jagdeo, former President Donald Ramotar, they are all Ambassadors of the Indo Guyanese community. Joseph Ruhomon, one of the earliest Indo-Guyanese intellectuals, Ramcharitar Lalla, one of the first Indo-Guyanese poets, Shana Yardan, the renowned woman poet, Many such Indo-Guyanese made an impact on academics and arts, music and medicine.

Friends,

Our commonalities provide a strong foundation to our friendship. Three things, in particular, connect India and Guyana deeply. Culture, cuisine and cricket! Just a couple of weeks ago, I am sure you all celebrated Diwali. And in a few months, when India celebrates Holi, Guyana will celebrate Phagwa.

This year, the Diwali was special as Ram Lalla returned to Ayodhya after 500 years. People in India remember that the holy water and shilas from Guyana were also sent to build the Ram Mandir in Ayodhya. Despite being oceans apart, your cultural connection with Mother India is strong.

I could feel this when I visited the Arya Samaj Monument and Saraswati Vidya Niketan School earlier today. Both India and Guyana are proud of our rich and diverse culture. We see diversity as something to be celebrated, not just accommodated. Our countries are showing how cultural diversity is our strength.

Friends,

Wherever people of India go, they take one important thing along with them. The food! The Indo-Guyanese community also has a unique food tradition which has both Indian and Guyanese elements. I am aware that Dhal Puri is popular here! The seven-curry meal that I had at President Ali’s home was delicious. It will remain a fond memory for me.

Friends,

The love for cricket also binds our nations strongly. It is not just a sport. It is a way of life, deeply embedded in our national identity. The Providence National Cricket Stadium in Guyana stands as a symbol of our friendship.

Kanhai, Kalicharan, Chanderpaul are all well-known names in India. Clive Lloyd and his team have been a favourite of many generations. Young players from this region also have a huge fan base in India. Some of these great cricketers are here with us today. Many of our cricket fans enjoyed the T-20 World Cup that you hosted this year.

Your cheers for the ‘Team in Blue’ at their match in Guyana could be heard even back home in India!

Friends,

This morning, I had the honour of addressing the Guyanese Parliament. Coming from the Mother of Democracy, I felt the spiritual connect with one of the most vibrant democracies in the Caribbean region. We have a shared history that binds us together. Common struggle against colonial rule, love for democratic values, And, respect for diversity.

We have a shared future that we want to create. Aspirations for growth and development, Commitment towards economy and ecology, And, belief in a just and inclusive world order.

Friends,

I know the people of Guyana are well-wishers of India. You would be closely watching the progress being made in India. India’s journey over the past decade has been one of scale, speed and sustainability.

In just 10 years, India has grown from the tenth largest economy to the fifth largest. And, soon, we will become the third-largest. Our youth have made us the third largest start-up ecosystem in the world. India is a global hub for e-commerce, AI, fintech, agriculture, technology and more.

We have reached Mars and the Moon. From highways to i-ways, airways to railways, we are building state of art infrastructure. We have a strong service sector. Now, we are also becoming stronger in manufacturing. India has become the second largest mobile manufacturer in the world.

Friends,

India’s growth has not only been inspirational but also inclusive. Our digital public infrastructure is empowering the poor. We opened over 500 million bank accounts for the people. We connected these bank accounts with digital identity and mobiles. Due to this, people receive assistance directly in their bank accounts. Ayushman Bharat is the world’s largest free health insurance scheme. It is benefiting over 500 million people.

We have built over 30 million homes for those in need. In just one decade, we have lifted 250 million people out of poverty. Even among the poor, our initiatives have benefited women the most. Millions of women are becoming grassroots entrepreneurs, generating jobs and opportunities.

Friends,

While all this massive growth was happening, we also focused on sustainability. In just a decade, our solar energy capacity grew 30-fold ! Can you imagine ?We have moved towards green mobility, with 20 percent ethanol blending in petrol.

At the international level too, we have played a central role in many initiatives to combat climate change. The International Solar Alliance, The Global Biofuels Alliance, The Coalition for Disaster Resilient Infrastructure, Many of these initiatives have a special focus on empowering the Global South.

We have also championed the International Big Cat Alliance. Guyana, with its majestic Jaguars, also stands to benefit from this.

Friends,

Last year, we had hosted President Irfaan Ali as the Chief Guest of the Pravasi Bhartiya Divas. We also received Prime Minister Mark Phillips and Vice President Bharrat Jagdeo in India. Together, we have worked to strengthen bilateral cooperation in many areas.

Today, we have agreed to widen the scope of our collaboration -from energy to enterprise,Ayurveda to agriculture, infrastructure to innovation, healthcare to human resources, anddata to development. Our partnership also holds significant value for the wider region. The second India-CARICOM summit held yesterday is testament to the same.

As members of the United Nations, we both believe in reformed multilateralism. As developing countries, we understand the power of the Global South. We seek strategic autonomy and support inclusive development. We prioritize sustainable development and climate justice. And, we continue to call for dialogue and diplomacy to address global crises.

Friends,

I always call our diaspora the Rashtradoots. An Ambassador is a Rajdoot, but for me you are all Rashtradoots. They are Ambassadors of Indian culture and values. It is said that no worldly pleasure can compare to the comfort of a mother’s lap.

You, the Indo-Guyanese community, are doubly blessed. You have Guyana as your motherland and Bharat Mata as your ancestral land. Today, when India is a land of opportunities, each one of you can play a bigger role in connecting our two countries.

Friends,

Bharat Ko Janiye Quiz has been launched. I call upon you to participate. Also encourage your friends from Guyana. It will be a good opportunity to understand India, its values, culture and diversity.

Friends,

Next year, from 13 January to 26 February, Maha Kumbh will be held at Prayagraj. I invite you to attend this gathering with families and friends. You can travel to Basti or Gonda, from where many of you came. You can also visit the Ram Temple at Ayodhya. There is another invite.

It is for the Pravasi Bharatiya Divas that will be held in Bhubaneshwar in January. If you come, you can also take the blessings of Mahaprabhu Jagannath in Puri. Now with so many events and invitations, I hope to see many of you in India soon. Once again, thank you all for the love and affection you have shown me.

Thank you.
Thank you very much.

And special thanks to my friend Ali. Thanks a lot.