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VIDEO INTRODUCTION:

Hi everybody,
Gujarat has been one of the most progressive and developed states of our country, but while most of us only know Gujarat as an economic powerhouse of India, you would be shocked to know that in 2001 the scenario was completely different , Gujarat’s GDP only grew by 1.1 per cent. Its Agricultural growth was just 1 per cent and one third of Gujarat’s villages were facing water scarcity.
Moreover Gujarat was facing an image issue due to the Bhuj earthquake, frequent power outages and the 2002 riots which completely destroyed the investor confidence in that state. Even if investors want to set up a business it would take anywhere from 6 months to 1 year.
But in the next 20 years Gujarat focussed on developmental oriented policies and as a result of it today Gujarat is the fourth largest state by GDP in India with massive industrial output accounting for 33% of India’s total exports. The major contributing factor in the turnaround story was the vibrant Gujarat summit.
So in this episode today, let's do a deep dive and try to understand,
What was the economic condition of Gujarat before 2003?
What was the strategy of the government that turned Gujarat into such a prosperous state?
What was so special about this Vibrant Gujarat summit?
What are the lessons that other states of India need to learn from the rise of Gujarat??

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