Wednesday, June, 03,2026

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RAJASTHAN’S ECONOMIC TRANSFORMATION, LAYING THE FOUNDATION FOR A VIKSIT BHARAT

The economy of Rajasthan has been witnessing rapid growth in recent years. This progress is reflected in several key macroeconomic indicators, including the State Gross Domestic Product (SGDP), changes in the sectoral composition of SGDP, and the rise in Per Capita Income (PCI). During the period from 2023–24 to 2025– 26, the SGDP of Rajasthan increased significantly from Rs. 15.2 lakh crore to Rs. 18.8 lakh crore, indicating a strong expansion of economic activities across the state. Similarly, per capita income of the state rose from Rs. 1.7 lakh to Rs. 2.02 lakh during the same period, reflecting an improvement in the average income level of the population. Further, Gross Capital Formation of Rajasthan had stood at around 30 percent in recent years, which is higher than that of several Indian states, including Punjab, Kerala, etc. These indicators suggest that the state economy has been moving on a path of steady growth.

The rapid expansion of Rajasthan economy is largely an outcome of the systematic intervention of the state government in multiple ways. First, the present government has focused on strengthening the state economy through sustained investment in long-term infrastructure development. This includes the development of road networks, expansion of irrigation facilities, enhancement of power supply, and improvement of urban and rural infrastructure. Second, the government has simultaneously emphasized the need to ensure that the benefits of economic growth reach the common population through various welfareoriented measures. It is evident that, with the formation of the current government, the budgets presented provided a clear roadmap for long-term and sustainable development of the state. The policy orientation of the government has been aligned with the broader national vision of achieving a Viksit Bharat by 2047, where states play a crucial role in driving inclusive and sustainable economic progress.

In all the budgets presented by the current government, special emphasis has been placed on strengthening the agricultural sector. Agriculture remains the primary source of livelihood for a large section of Rajasthan’s population. Recognising this, the government has increased allocations for irrigation projects, crop insurance, agricultural marketing infrastructure, and agricultural research and education. These initiatives are expected to enhance productivity, reduce farmers’ vulnerability to climatic risks, and improve the efficiency of agricultural markets. Over time, such measures will help stabilise farm incomes and encourage diversification towards high-value crops, allied activities, thereby improving the overall economic condition of rural households.

Apart from agriculture, infrastructure development has emerged as a major focus area for the state government. The budgets have placed significant emphasis on expanding physical infrastructure across the state. Major investments have been directed towards building and upgrading road networks, improving rural connectivity, and developing urban transit systems. These initiatives are expected to enhance trade and mobility, reduce transportation costs, and promote better market integration. Improved connectivity also expands access to education, healthcare and employment opportunities. At the same time, infrastructure development plays a key role in attracting private investment, promoting industrialisation and generating employment for the youth.

While the 2024–25 budget laid the foundation for faster and stronger economic growth, subsequent budgets, including the 2026–27 budget, have further strengthened this development agenda with a focus on sustainability and long-term resilience. The government has increasingly emphasised sustainable development by integrating environmental considerations into infrastructure and development planning. Efforts to promote renewable energy, efficient water management and environmentally responsible industrial development are expected to ensure that the state’s economic growth remains sustainable and inclusive in the long run.The economy of Rajasthan has shown encouraging progress in translating economic growth into social development. Welfare orientation of state government is reflected in rising expenditure on health and well-being, education, social empowerment and inclusion. Special emphasis has been placed on improving educational opportunities for ST, women and other disadvantaged sections. Investments in education and skill development aim to strengthen human capital and prepare youth for emerging employment opportunities. By strengthening the education and skill base, the government seeks to build a more productive workforce capable of sustaining economic growth.

The government has also undertaken several measures to empower women and promote gender equality. Programmes focusing on women’s education, health and economic participation are expected to enhance the state’s overall social development. Similarly, targeted schemes for weaker sections aim to reduce socio-economic inequalities and ensure that the benefits of development are shared more equitably. Such welfareoriented initiatives play an important role in promoting inclusive development and strengthening social cohesion.

Another noteworthy aspect of Rajasthan’s development trajectory is its fiscal discipline alongside economic expansion. In recent years, the state has sustained growth without placing excessive pressure on its finances. From 2023–24 to 2026–27 (BE), both the fiscal deficit and revenue deficit have declined. The revenue deficit fell from 2.6 per cent in 2023–24 to 1.6 per cent in 2025–26. At the same time, revenue expenditure increased from ₹2.6 lakh crore to ₹3.1 lakh crore, indicating that the government has expanded developmental spending while improving fiscal discipline.

This improvement reflects efforts to enhance revenue mobilisation, rationalise expenditure and prioritise capital formation. Effective financial management is also visible in the declining debt burden. The debt-toSGDP ratio, which stood at 37.57 per cent in 2023–24, fell to around 36.5 per cent in 2025–26, indicating improved fiscal sustainability and greater capacity for developmental spending without excessive borrowing.

To sum up, the Rajasthan government is actively pursuing social and economic development through welfare- and development-oriented policies aimed at benefiting all sections of society. With consistent policy efforts and strong commitment, Rajasthan appears well placed to shed its image as a slow-growing state and emerge as a rapidly growing economy with improving economic and social infrastructure. Continued investment in infrastructure, human capital and productive sectors will further strengthen growth momentum. In the coming years, these developments are expected to make Rajasthan an increasingly attractive destination for investment, innovation and entrepreneurship, contributing significantly to the country’s economic progress.

THE VIEWS EXPRESSED BY THE AUTHOR ARE PERSONAL

Dr. Shyam Agrawal, The writer is Former National President, The Institute of Company Secretaries of India

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Daily Astro

03-06-2026

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Aries

Ganesha says it will be an important day for you, Aries. Your energy and confidence are ready to take you to new heights. Today you will be able to express your thoughts with clarity, which will increase your communication skills. New opportunities may arise in the working areas, which you have to be ready to take advantage of. In social life, you can make new meetings, which will prove beneficial for you in the future. This day will be good for solving family issues, and you will be able to establish better relations with your close ones. In the field of health, take care of your routine and resort to yoga or meditation to relieve mental stress. Controlling your expenses will be a smart move, as any sudden financial need may arise. Overall, this day is for you to stay positive, just use your insight and energy properly.

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Pisces

Ganesha says it is going to be a positive day for you. Your sensitivity and intuition will flourish today, allowing you to establish better connections between yourself and others. It is time to connect with someone or refresh old memories. Try to communicate with people close to you, as it will strengthen your relationships. In the field of work, your creativity will be cyclical today. If you are working on a project, your ideas will be new and full of innovation. Do not be afraid to share your ideas, it will give you positive feedback from your colleagues. In terms of financial condition, avoid any big investments. Small expenses will prove to be justified but think well before making any big decisions for the long term. In terms of health, focus on a balanced diet and regular exercise. For mental health, practicing meditation or yoga will help keep you stress-free.

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Aquarius

Ganesha says new opportunities are likely to open up for you. You will be in a position to take your creative abilities to new heights. This is the time to share your ideas and make new plans. Your friends and family will support your ideas, so it will be beneficial to take their advice into account. Positive changes are possible in business. This is the right time to work on an important project. You will get an opportunity to use your skills and knowledge properly. But, be careful; in some cases, you will need to control your emotions. In personal life, relationships will deepen. You will try to spend more time with your loved ones. This is a good time for love and companionship. Enjoy emotional moments that will make your relationships stronger. Be health conscious. Dedication to yoga and meditation will give you mental peace. These activities will keep not only your body but also your mind active. Overall, today will be full of possibilities for you. Stay committed to your dreams and work on them.

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Capricorn

Ganesha says your day is full of some new possibilities. You will experience grace and stability in your actions. This is the time to focus on your goals and work with determination to pursue your plans. You are likely to get success in your work, especially if you maintain your hard work and dedication. Positive changes can also be seen in your relationships. You will get a chance to spend time with family and listen to them, which will increase mutual understanding and depth. Focus on communication, as it will make your relationships stronger. However, it is also time to make monthly plans. Take care of your financial matters and try to save. This is the time when you can take concrete steps for your future. Your health condition is likely to remain normal but take some rest. Maintaining a mental balance will be important for you. Stay positive and keep faith in your actions!

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Sagittarius

Ganesha says today will be full of new possibilities and positive energy for you. You will feel a rise in your confidence, which will keep you open to new opportunities. This is the right time to make an important decision. Your spirituality and intuition will be strong, which will enable you to understand and face difficulties. Spending time with friends and family will awaken a sense of happiness and satisfaction in your mind. Relationships with colleagues at work can take a new direction. Cooperation and communication will help solve problems. If you face an obstacle or challenge, remember that you can overcome it. In terms of health, you may need to make a little improvement in your routine. Regular exercise and a balanced diet will give you freshness and energy. Strengthening social relationships and contacting new people will also be beneficial today. This is the time for self-growth and positive change for you, so recognize the energy within you and use it properly.

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Scorpio

Ganesha says today will be full of enthusiasm and energy. You will move towards achieving your goals, and your hard work will pay off. Social life will also be active; you will get a good chance to spend time with friends and family. In terms of health, take a little caution. Focusing on meditation and exercise will help reduce mental stress. This is also a good time to take up a new hobby, which can unleash your creativity. Take wise steps in terms of money. Make informed decisions while investing. For potential financial gains, take a look at past projects again. Your career is showing good signs of progress. Your ideas may be appreciated at the workplace, which will increase your confidence. Still, some issues may require restraint. Overall, today will prove to be positive and auspicious for you. Spend it with pride with your loved ones.

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Libra

Ganesha says today will be a very auspicious and positive day. You will get a chance to clarify your thoughts, which will bring stability to your personal and professional relationships. Your communication skills will increase, and this will open the doors of new possibilities for you. Your creativity and aesthetic sense will be especially strong today. If you are associated with any art or design, your work will be appreciated. This is the right time to express your feelings. If you are confused about a decision, trust your intuition; it will show you the right path. In terms of health, small changes can make your life better. Focus on regular exercise and a balanced diet. In love and relationships, a new understanding will develop, which will strengthen the mutual bond even more. Overall, this day is a sign of positive changes and new beginnings for you. Stay focused on your goals and recognize your inner strengths.

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Virgo

Ganesha says today is a suitable day to highlight your cognitive abilities and business skills. Today, you will be full of clarity and precision in your actions, which will increase your value among your colleagues and superiors. There is a possibility of bringing some changes to your routine, which will bring positive results for you. This is a good time to improve relations with family members. Try to resolve any old disputes, and keep communication open. In terms of health, meditation and yoga will bring mental peace. Also, take some time out of your routine for exercise. From a financial point of view, this is the right time to make a good plan for the right investment. Take a good look at the options available to you and make a wise decision. Overall, today will prove to be a day of new possibilities and positive changes for you. Be full of confidence and stay focused on your goals.

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Leo

Ganesha says today will be a day full of energy and inspiration. Your confidence will increase and your thoughts will come out with clarity. On this day, you will be able to see some new possibilities in your career, which will bring you hard work. Mutual understanding and harmony will increase your relationship, which will create a happy atmosphere among the family. This is a great time to express your thoughts clearly, so do not hesitate to communicate with your partner or friends. It is important to be health conscious, a little exercise and meditation will maintain your mental and physical health. Overall, this day will bring activity and positivity for you, so make the most of all the opportunities!

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Cancer

Ganesha says it will be a day of information and communication for you. Your mind will be full of ideas and you will be able to express your ideas well. There is a possibility of some new opportunities in professional life, which can prove beneficial for you. It is a good time to strengthen relationships with your colleagues, so work together at the workplace. Your emotional state will also be strong. Time spent with family will give you satisfaction. If you have any old problem going on, then the right time is coming to solve it. However, you need to keep your emotions under control, so that you do not get agitated over small things. In terms of health, try to practice yoga and meditation. It will empower you both mentally and physically. Take informed decisions in financial matters; do not rush into any investments. In summary, this day will be all about communication and cooperation, which will lead to positive changes for you.

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Gemini

Ganesha says there will be a new energy and freshness in your thoughts, which will make your personality even more attractive. Social contacts are likely to increase, which will expand your network. You will be inspired to spend blissful time with your friends and family. Some positive changes can also be seen in the business sector. The results of your hard work will gradually start coming, and this will motivate you to move forward. Keep in mind that while sharing your ideology, work with empathy, this will strengthen your relationship with colleagues. It is important to be health conscious. A little attention and relaxation will give you mental freshness. Practicing yoga or meditation will be beneficial for you. This day will be full of positivity and new possibilities for you. Express your mind openly and do not hesitate to adopt new ideas.

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Taurus

Ganesha says it will prove to be a positive day for you, Taurus. You will feel energetic and full of confidence. The time has come to reap the fruits of your hard work and efforts. The workload may stress you for a while, but you will face all the challenges recognizing your strengths. Sweetness will also remain in your relationships. Spending time with your family and friends will be a source of joy for you. Conversation with someone special can give you a new vision and promote mutual understanding. A special occasion may be organized among friends or family, which will bring happiness and harmony to you. Moments spent with loved ones will give you mental peace. It is important to be health conscious. A little exercise or yoga will give peace to your mind and energy to your body. Your day will be full of happiness and positivity, just keep your thoughts and emotions balanced.

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03-06-2026