Rajasthan Signs ₹35 Lakh Crore Investment MoUs; Targets $350 Billion Economy By 2029

Rajasthan has outlined an ambitious economic growth roadmap, targeting a $350 billion economy by 2029. 

The development was highlighted by Chief Minister Bhajan Lal Sharma during the 11th Governing Council meeting of NITI Aayog chaired by Prime Minister Narendra Modi. 

State Signs Investment MoUs Worth ₹35 Lakh Crore 

According to the state government, investment MoUs worth ₹35 lakh crore have been signed across various sectors. 

Projects valued at more than ₹9 lakh crore have already reached the groundbreaking stage, indicating progress in the implementation of proposed investments. 

Rajasthan Targets $350 Billion Economy 

The state government has set a target of transforming Rajasthan into a $350 billion economy by 2029. 

Officials stated that the state's current GSDP growth rate of 10.24% supports its long-term economic expansion plans. 

Infrastructure And Industrial Development in Focus 

The government noted that projects worth over ₹9 lakh crore have already moved to the execution stage.  

Additionally, Rajasthan recently received a modern 9 MMTA refinery, which is expected to support industrial and economic activity in the state. 

Employment And Skill Development Initiatives 

The state government highlighted initiatives such as the Rajasthan Skill Policy 2025, Rajasthan Youth Policy 2025, and Rajasthan Employment Policy 2026. 

The government also stated that employment opportunities are being generated through interventions in sectors such as cooperatives, dairy development, and the One District One Product (ODOP) initiative. 

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Conclusion 

With investment commitments worth ₹35 lakh crore and projects exceeding ₹9 lakh crore already under implementation, Rajasthan has set a target of becoming a $350 billion economy by 2029 while focusing on industrial development, employment generation, and infrastructure expansion. 

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