What is the economy of New York state based on?
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New York state’s economy is diverse, with key industries including finance, healthcare, technology, agriculture, and tourism. New York City, in particular, is known as a global financial hub, with Wall Street and the New York Stock Exchange driving the state’s financial sector. Upstate New York has a strong agricultural sector, producing products such as dairy, apples, and grapes. The state is also a leader in technology and innovation, with growing sectors in clean energy and biotechnology. Additionally, tourism plays a large role, with millions of visitors coming to cities like New York City, Niagara Falls, and the Adirondacks.