Gandhinagar: Gujarat has emerged as one of India’s strongest economic performers, ranking among the country’s five largest contributors to national GDP and securing the top position in investment readiness, according to a white paper released by wealth management firm Client Associates.

The report stated that Gujarat, along with Maharashtra, Tamil Nadu, Uttar Pradesh and Karnataka, accounted for nearly 48 per cent of India’s Gross Domestic Product (GDP) in FY25. The five largest state economies continue to dominate the country’s economic landscape, highlighting the concentration of growth in a handful of regions.

India’s nominal GDP crossed ₹340.7 lakh crore in FY25, making the country the world’s fifth-largest economy, with real GDP growth recorded at 7.1 per cent. However, the report pointed to significant disparities among states despite the strong national growth figures.

Among the key highlights, Gujarat topped the composite investment-readiness rankings, ahead of Karnataka, Maharashtra, Jharkhand and Uttar Pradesh. The state’s strong standing was attributed to its low unemployment rate of 2.7 per cent, diversified industrial ecosystem, and sound fiscal management.

Gujarat also maintained one of the lowest fiscal deficits in the country at 1.86 per cent of GDP, underscoring its financial stability and governance strength.

The report further noted that India received ₹4.22 lakh crore in foreign direct investment (FDI) equity inflows in FY25, a rise of 14.7 per cent over the previous year. Maharashtra, Karnataka, Gujarat, Delhi and Tamil Nadu together attracted 83.3 per cent of total FDI inflows, reinforcing Gujarat’s role as a key investment destination. DeshGujarat