Economy of Jaipur
Its economic growth has also been a result of the large deposits of precious gems that are found here. It is known to be one of the largest exporters of diamond, gold and stone jewelry. In the year 2012 RBI ranked the city as the ninth largest credit centre and the eleventh largest deposit centre across the country.
Besides the various industries establishing in Jaipur, it has also emerged as a global outsourcing city gradually. Jaipur bagged the 31st position among the 50 Emerging Global Outsourcing cities in the year 2008. Genpact, Infosys and various other big companies have their BPO in the city.
Tourism IndustryIt goes without saying that Jaipur’s tourism has also contributed a great deal towards its overall economic growth. Each year several tourists from various parts of the country as well as abroad visit the place because of which its hospitality industry has benefited to a great extent. A number of hotels, resorts, guest houses and lodges have been built in the city and have added to its economic growth and development. It has also given a rise to the food and beverage joints here. Tourists visiting the place seldom go back without shopping and have thus benefited various other industries as well.
Jaipur is a big market for precious stones
As per survey conducted by City Mayors Foundation, London around 2 years back, Jaipur is the 24th fastest growing city across the globe and 7th fastest growing city in India. Its annual growth is 3.4%. This computation was derived after considering several pointers of growth in as many as 300 cities worldwide and emerging on the 24th position simply shows how well the city has been doing. “The assumptions are based on past growth or decline and forecasts for economic growth by international and national statistics organizations”, elaborated the foundation.
Glad at the way Jaipur is progressing, the city mayor Jyoti Khandelwal expressed his joy and also mentioned that as a mayor he still requires more power to work upon improving the city’s infrastructure.
Jaipur, also known as the Paris of India, has contributed a whopping GDP of $24 billion. It is growing at a good pace and is soon expected to come at par with the other major cities in India.