Gujarat has left behind Maharashtra to become the country’s leading manufacturing hub, according to data from the Reserve Bank of India (RBI). Gujarat saw its Gross Value Addition (GVA) in manufacturing grow by 15.9 per cent annually between FY12 to FY20 to stand at Rs 5.11 lakh crore, data shows. GVA is an economic metric that measures the supply of goods and services in an economy.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Meanwhile, Maharashtra’s annual growth rate stood at nearly half of Gujarat’s at 7.5 per cent for the same time period and its GVA for manufacturing stood at Rs 4.34 lakh crore in FY20. Maharashtra is still the leading provider of services in India, with the state’s services GVA growing by 12.6 per cent annually, standing at Rs 15.1 lakh crore in FY20.
Important takeaways for all competitive exams:
Tata Power has entered into a strategic partnership with Druk Green Power Corporation Ltd (DGPC)…
The small village of Dhudmaras, located in Chhattisgarh’s Bastar district, has been selected by the…
Karnataka Chief Minister Siddaramaiah announced the establishment of three Global Innovation Districts (GIDs) in Bengaluru,…
The IBPS PO Mains 2024 Exam is just around the corner, scheduled for 30th November…
Morgan Stanley has revised India's FY25 growth forecast from 7% to 6.7% due to weaker-than-expected…
On November 19, 2024, Prime Minister Narendra Modi of India and Prime Minister Anthony Albanese…