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:
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
Uttar Pradesh is the most populous state in India and also has the highest number…
Hindi is one of the most spoken languages in the world and plays an important…
On 13th Indian Government announced that the Lieutenant General Dhiraj Seth as the next Chief…
National News Mumbai International Film Festival 2026 to Showcase 346 Films from 46 Countries The…
The 2026 FIFA World Cup was kicked off on 11th of June, 2026. This edition…