Gangakhed is a city in Parbhani district in the western state of India, Maharashtra.

According to the 2001 India census report, Gangakhed in Maharashtra had a population of 40,412 inhabitants. Males constitute 51% of the population and females constitute 49% of the population. In Gangakhed, 16% of the population is less than six years of age. Gangakhed has an average literacy rate of 60%, which is higher than the national average literacy rate of 59.5%. The male literacy rate is 68%, and the female literacy rate is 52%.