Maharashtra is situated in the Western region of the country. The state shares its borders with Gujarat, Madhya Pradesh, Chhattisgarh, Andhra Pradesh, Karnataka, Goa and the Union Territory of Dadra and Nagar Haveli. On its West is the Arabian Sea.
Mumbai in Maharashtra is known as the Trade and Commerce Capital of India. India's main stock exchanges & capital market and commodity exchanges are located in Mumbai. The city is also the financial centre of the country. Maharashtra has emerged as a key hub for IT and ITeS, electronics, and the captive business outsourcing industries.
Maharashtra Government is in process of finalising a New Industrial Policy to promote industries in the state. It also has sector-specific policies for IT and ITeS, biotechnology and tourism. Maharashtra has a literacy rate of 82.9 per cent. The state has a large base of skilled and industrial labour, making it an ideal destination for knowledge-based and manufacturing sectors.
The state has a well-developed social, physical and industrial infrastructure. It has good road, rail, port and air connectivity. Apart from three international and five domestic airports, the state has two major and 53 minor ports. It also has a well-developed power supply grid.
Maharashtra witnessed significant growth in the infrastructure sector in the last decade. There has been a considerable increase in the number of industrial clusters, and public private partnerships (PPP) projects in the infrastructure domain.
At current prices, the gross state domestic product (GSDP) of Maharashtra was US$ 260.4 billion in 2011-12. The compound annual growth rate (CAGR) of GSDP from 2004-05 to 2011-12 was about 15.9 per cent. Maharashtra ranks first amongst all the Indian states in terms of GSDP.
State Presentation (March 2013)
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