Gujarat replaces UP as top investment destination in 2023-24

In 2023-24, Gujarat surpassed Uttar Pradesh in attracting bank funds for projects, according to a Reserve Bank study. Gujarat secured funding for 154 projects, accounting for 14.7% of the total Rs 3.9 lakh crore financed, up from 14% in the previous year. Uttar Pradesh, which received funds for 69 projects, saw its share drop to 7.6% from 16.2%.