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:
India's campaign at the Asian Games 2026 kick-off in Aichi-Nagoya in Japan, on the first…
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
Tamil Nadu has the highest number of registered GI-tagged textile and handloom items compared to…
Flight Lieutenant Alfred Tyrone Cooke, a highly decorated veteran of Indian Air Force and a…
The Karnataka state government has made the Tulu as the second additional administrative language of…
Tamil Nadu Chief Minister C Joseph Vijay will inaugurate the state's scheme of providing gold…