Public Section Preview
Viksit Rajasthan 2047: Vision, Framework, and Economic Targets
Viksit Rajasthan 2047 is the state's long-term development vision, aligned with the central government's Viksit Bharat 2047 program. It was articulated through the modified budget of 2024-25 and formalized as a five-year action plan under the "Amrit Kaalkhand" framework. The vision translates the principle of "Sabka Saath, Sabka Vikas" into 10 Sankalps (— resolutions) for holistic state development.
The $350 Billion Economy Target
The most quantified element of Viksit Rajasthan is the target of a $350 billion (approximately ₹29 lakh crore) economy by 2029 — roughly a doubling from the current trajectory.
Key facts on the target:
- Rajasthan's 2024-25 nominal GSDP: ₹17.04 lakh crore (approximately $205 billion)
- Required growth: sustained 12-15% nominal annual growth over four years
- Mechanism: Rising Rajasthan Summit MoUs + RIPS 2024 + industrial policy reforms
The 10 Sankalps (Ten Resolutions) of Viksit Rajasthan
| Sankalp No. | Theme | Key Interventions |
|---|---|---|
| 1 | $350 Billion Economy | Investment promotion, Rising Rajasthan Summit, RIPS 2024 |
| 2 | Infrastructure Development | Expressways, roads, water projects, energy corridors |
| 3 | Quality of Life and Civic Amenities | Urban development, sanitation, drinking water |
| 4 | Agriculture Growth and Farmers' Welfare | Crop insurance, irrigation, MSP, digital agriculture |
| 5 | Industrial Development and Investment | MSME Policy 2024, industrial parks, export promotion |
| 6 | Tourism, Art, and Culture Promotion | Heritage circuits, film tourism, cultural infrastructure |
| 7 | Sustainable Development and Green Growth | Renewable energy, SDG localisation, RAM Jal Setu |
| 8 | Human Resource Development and Health | Chiranjeevi, education reform, skill development |
| 9 | Social Security | Welfare schemes, pension, DBT, women empowerment |
| 10 | Good Governance | Digital governance, Jan Aadhaar, transparency |
Source: Rajasthan Economic Review 2024-25, Executive Summary, Government of Rajasthan
Rising Rajasthan Global Investment Summit 2024
The Rising Rajasthan Global Investment Summit 2024 was held in Jaipur as the flagship investor event of the Viksit Rajasthan agenda.
Key outcomes:
- Over 5,000 delegates participated, including global investors, industry leaders, and policymakers
- ₹35 lakh crore worth of MoUs were signed — the largest single investment event in Rajasthan's history
- Focus sectors: renewable energy, infrastructure, technology, and agriculture
- 10 new policies launched: RIPS 2024, Rajasthan Export Policy 2024, MSME Policy 2024, Mineral Policy 2024, M-Sand Policy 2024
- Generated strategic blueprints for Rajasthan's position as a renewable energy hub and digital economy center
RAM Jal Setu Link Project
A flagship infrastructure project under Viksit Rajasthan:
- Coverage: 3 crore people across 17 districts
- Irrigation: 4 lakh hectares of agricultural land
- SDG alignment: directly supports SDG-6 (Clean Water and Sanitation) and SDG-2 (agricultural inclusivity)
Potential GDP vs. Actual GSDP
The Potential GSDP is the maximum sustainable output Rajasthan's economy can produce at full employment without inflationary pressure. The output gap between potential and actual GSDP is driven by these structural bottlenecks:
- Factor market inefficiency: Nearly 50% of the labour force in low-productivity agriculture, with fragmented landholdings and water scarcity
- Human capital deficit: Female literacy at 52.1% (Census 2011), IMR 30.3 (NFHS-5), MMR 197 — all constrain labour productivity
- Energy deficit historically: Power shortages restrained industrial output (partially resolved — solar capacity exceeds 20,000 MW by 2024)
- Infrastructure gaps: Despite 3,17,121 km of roads, connectivity to interior districts remains poor
- Low diversification: Dependence on rain-fed agriculture (60% of Rajasthan is arid/semi-arid) creates output volatility
Viksit Rajasthan 2047 directly targets these bottlenecks through its 10 Sankalps.