Economy (1996 - 2001)
progressed by leaps and bounds and it has become a leading industrial
progressive State in the country. The economic structure of Gujarat
is amongst the best in the country.
The State has registered a healthy growth rate of
about 7.7 per cent between 1993-94 and 1998-99. It is expected that
the economy of Gujarat is likely to grow with the same rate
during the Ninth Plan period (1997-2002). According to the provisional
results of Population Census 2001 the population of Gujarat at 0:00
hours of 1st March 2001 stood at 5.06 crore (including the estimated
figures of earthquake affected areas), 37.67 percent of its population
living in urban areas, having density of 258 persons per sq.km.
sex ratio of 921 and literacy rate of 69.97 per cent.
period of 1999-00 and 2000-01 proved to be tough for the state economy
as it has
to face two successive drought and a devastative earthquake.
During the year 2000, the eleventh finance commission has set new
norms for allocation
of resources, due to which Gujarat will be in the list of loser
States and will receive about Rs. 550 crore less per year from central
Further, an unprecedented devastating earthquake of the magnitude
of 6.9 at Richter
Scale (U.S. Geological Survey has put the magnitude at 7.7) occurred
at 8.46 a.m. on 26 January, 2001, was the worst calamity ever in
the history of Gujarat. The damage of life, property and infrastructure
network of power, telecommunications, roads, water supply, etc.
is colossal. Out of 25 districts of Gujarat, 21 of them having 7904
villages were affected. This was the worst quake causing death of
more than 17000 people and injury to about 1.67 lakh people. About
11 lakh houses have destroyed or damaged.
The physical loss is estimated to be of more than 15000 crore rupees.
etc. reached to rescue and relief assistance, and now the Government
has undertaken massive Rehabilitation campaign.
The State has two successive years of severe drought which has stretched
resources to the fullest in organising drought relief. The state
was also hit by two severe cyclones in the last two years. And now
the devastating earthquake. These calamities have imposed an enormous
burden on the resources of the State.