According to RBI study, Gujarat has surpassed Uttar Pradesh as the top investment destination in FY24.
Economy Business
According to the latest RBI study, Gujarat has overtaken Uttar Pradesh as the top investment destination in the fiscal year 2024. The study highlights Gujarat's growing appeal among investors due to its favorable business environment, robust infrastructure, and effective governance. The state's strategic initiatives and policies have significantly enhanced its attractiveness for both domestic and international investments. Uttar Pradesh, which previously held the top position, continues to be a key player but has been edged out by Gujarat's rapid development and investor-friendly reforms. This shift reflects a broader trend of evolving investment dynamics across India.
Gujarat's industrial growth and improved ease of doing business contribute significantly to its new investment-leading position.
The shift reflects Gujarat's strategic policy reforms and infrastructure enhancements, making it a preferred choice for investors.
Chief minister: Bhupendrabhai Patel
Governor: Acharya Devvrat
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