Industrial development has been one of the principal drivers of India's economic transformation by promoting structural change, employment generation, technological advancement, and productivity growth. Despite substantial progress in manufacturing during the last decade, industrial development remains unevenly distributed across Indian states. The present study examines regional industrial imbalances in India during 2014-2024 by analysing recent industrial trends, identifying the determinants of regional disparities, and discussing their policy implications. The study is based entirely on secondary data obtained from official sources, including the Annual Survey of Industries (ASI), Ministry of Statistics and Programme Implementation (MoSPI), Reserve Bank of India (RBI), Department for Promotion of Industry and Internal Trade (DPIIT), Economic Survey of India, and NITI Aayog publications. Descriptive and comparative analytical techniques have been employed to analyse regional differences in manufacturing output, employment, investment, infrastructure, and industrial concentration. The findings indicate that industrial development continues to be concentrated in a limited number of western and southern states, while several eastern, central, and northeastern states remain relatively less industrialized. Recent ASI results show that Tamil Nadu accounts for the largest share of registered factories (15.43%) and persons engaged (15.24%), Gujarat leads in fixed capital (19.53%) and industrial output (17.22%), whereas Maharashtra contributes the highest share of manufacturing Gross Value Added (15.95%). These patterns clearly demonstrate the continued concentration of industrial activity in a few states. The study concludes that balanced industrial development requires region-specific industrial policies, improved physical infrastructure, enhanced logistics, greater private investment, skill development, and stronger institutional support for industrially lagging regions. Such interventions are essential for achieving inclusive and sustainable industrial growth across India.