The correct answer is: Industry.
Gujarat has seen significant deregulation and liberalization in the industrial sector. This has led to increased investment and growth in the sector. The state government has taken a number of steps to promote investment in the industrial sector, including simplifying the process of obtaining approvals, providing tax breaks and incentives, and improving infrastructure. As a result of these measures, Gujarat has become one of the most attractive investment destinations in India.
The following are some of the key steps taken by the Gujarat government to promote investment in the industrial sector:
- Simplification of the process of obtaining approvals: The Gujarat government has simplified the process of obtaining approvals for setting up industries. This has been done by reducing the number of approvals required and by streamlining the process of obtaining these approvals.
- Provision of tax breaks and incentives: The Gujarat government provides a number of tax breaks and incentives to industries. These include exemptions from sales tax, excise duty, and customs duty. The government also provides capital subsidies and interest subsidies to industries.
- Improvement of infrastructure: The Gujarat government has invested heavily in improving infrastructure in the state. This includes improving the road network, the power supply, and the water supply. The government has also set up a number of special economic zones (SEZs) to attract investment.
As a result of these measures, Gujarat has become one of the most attractive investment destinations in India. The state has seen significant growth in the industrial sector in recent years. This has led to increased employment and economic development in the state.
The other options are incorrect because they have not seen significant deregulation and liberalization in Gujarat.
- Agriculture: The agriculture sector in Gujarat is still largely regulated by the government. The government controls the prices of agricultural products, the distribution of fertilizers and pesticides, and the use of land. This has led to inefficiencies in the sector and has made it difficult for farmers to make a profit.
- Retail: The retail sector in Gujarat is also largely regulated by the government. The government controls the prices of goods, the licensing of retailers, and the opening of new stores. This has led to high prices and a lack of competition in the sector.
- Education: The education sector in Gujarat is also largely regulated by the government. The government controls the curriculum, the fees charged by schools, and the appointment of teachers. This has led to a lack of innovation and quality in the education sector.