Discover Rajasthan

Rajasthan

Rajasthan, India's largest state by area, is a vibrant economic and cultural hub strategically positioned as a natural corridor connecting northern and western India. With a rapidly growing economy poised to reach a USD 351 billion mark by 2029 and surpass USD 400 billion by 2030, Rajasthan offers significant opportunities for businesses across diverse sectors. The state’s economy is bolstered by robust industrial growth, a flourishing export sector, and substantial investments in infrastructure, renewable energy, and urban development. Its diverse agro-climate zones, rich mineral resources, and expanding service sector further enhance its economic landscape. Rajasthan’s rich cultural heritage and tourism industry also contribute substantially to the state’s GDP, making it an attractive destination for investment and business expansion.

Business Environment

The state has made considerable strides in improving its ease of doing business, backed by progressive government policies such as the Rajasthan Investment Promotion Scheme (RIPS). It has attracted over USD 2.6 billion in foreign direct investment between 2019 and 2024. The presence of nodal agencies like the Bureau of Investment Promotion (BIP) and Rajasthan State Industrial Development and Investment Corporation (RIICO) ensures streamlined support for investors. Rajasthan’s industrial infrastructure is continuously expanding with new industrial areas, special economic zones (SEZs), and dedicated hubs like Mahindra World City Jaipur, fostering IT, ITeS, manufacturing, and mineral-based industries.

Key Industries and Opportunities

• Renewable Energy: Rajasthan leads in solar power generation with multiple large-scale solar parks contributing significantly to India’s energy grid.

• Mining and Minerals: Rich deposits of zinc, copper, limestone, gypsum, and lignite support thriving mining and mineral processing industries.

• Manufacturing: Cement production is a major sector with investments from leading companies such as JSW Cement and Shree Cement.

• Textiles and Handicrafts: Known for its traditional crafts, Rajasthan is a critical exporter of textiles, gems, and jewelry with an export value exceeding USD 10 billion.

• Information Technology and Services: Emerging IT and ITeS sectors benefit from infrastructure like industrial parks and SEZs, attracting technology firms and startups.

• Agriculture and Agro-based Industries: The state’s diverse agro-climate zones support a strong agrarian economy with growing opportunities in agro-processing and food industries.

Trade and Export

Rajasthan has established itself as a key player in India's export landscape, with merchandise exports surpassing Rs. 88,000 crore (over USD 10 billion) in recent fiscal years. Engineering goods, gemstones, jewelry, and handicrafts dominate the export portfolio. The government actively promotes trade through export facilitation schemes and participation in global fairs, enhancing Rajasthan’s footprint in international markets.

Tourism and Cultural Importance

Beyond business, Rajasthan’s rich cultural heritage, historic forts, palaces, and vibrant festivals make it a premier tourism destination contributing significantly to the economy. The state’s efforts to boost tourism through infrastructure development and tax incentives enhance its attractiveness for hospitality and allied sectors.