Gangavathi is an important commercial centre. Since it is situated close to Tungabhadra dam. Hampi, a well known UNESCO World Heritage Site is 14 km from the town. Other places of historical importance include Anegundi, Kanakagiri, and Hemagudda. Gangavathi was one many talukas inRaichur District. When Koppal district was carved out of Raichur District, Gangavathi became part of Koppal district. Gangavathi is famous for rice cultivation, and considered the rice bowl of Karnataka. Many films have been shot in Gangavathi.