Which state has become the largest manufacturing hub in the country as per the RBI?

Question

Question

Answer 1

The correct answer is Gujarat.

Key Points

Gujarat state’s Gross Value Addition (GVA) has grown at 15.9 per cent annually (in manufacturing) on average between FY’12 and FY’20 to touch Rs 5.11 lakh crore, according to data released by the Reserve Bank of India.
Gujarat displaced Maharashtra state.
Maharashtra’s annual growth rate during the period was 7.5 per cent, taking the state’s total manufacturing GVA to Rs 4.34 lakh crore in FY’20.
Maharashtra continues to lead as the nation’s biggest services hub.
Rajasthan, Telangana, and Andhra Pradesh respectively were among the worst performer states which were already among the top ten.

Important Points

The Gross Value Addition (GVA) is essentially GDP minus net product taxes and reflects growth in the supply of goods and services.
The other states with the highest manufacturing GVA were Tamil Nadu at Rs 3.43 lakh crore, Karnataka at Rs 2.1 lakh crore and Uttar Pradesh at 1.87 lakh crore.
India’s manufacturing GVA grew to Rs 16.9 lakh crore in FY’20 at an average growth rate of 9.7 per cent since FY’12.

Additional Information

In September 2021, Gujarat has launched Vatan Prem Yojana.
Gujrat CM launched Agricultural Diversification Scheme-2021 which will benefit vanbandhu farmers in tribal areas.