February 27 , 2014
Latest update: August, 2013
Last Updated: August, 2013
MAHARASHTRA State Report | August, 2013
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.
Maharashtra’s GSDP at current prices was US$ 260.4 billion in 2011-12 and accounted for 15.4 per cent of India’s total GDP, the highest among all states. The state’s GSDP at constant prices is estimated at US$ 155.3 billion in 2012-13.
Mumbai (Maharashtra) is known as the trade and commerce capital of India. It is also the financial centre of India. Maharashtra has emerged as a key hub for IT and ITeS, electronics and captive business outsourcing industries.
The state has a well-developed social, physical and industrial infrastructure. 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's infrastructure sector has experienced significant growth over the last decade, with a substantial rise in the number of industrial clusters and PPP projects.
The Government of Maharashtra has several policies in place to set up the right kind of business climate in the state. These policies aim to motivate investors to invest into various sectors in the state, thereby contributing to the overall development of the economy.