Latest update: December, 2016
Last Updated: December, 2016
MAHARASHTRA State Report | December, 2016
Maharashtra is situated in the western region of the country. The state shares borders with Gujarat, Madhya Pradesh, Chhattisgarh, Andhra Pradesh, Karnataka, Goa and the Union Territory of Dadra and Nagar Haveli.
Maharashtra’s gross state domestic product (GSDP) accounted for 12.98 per cent of India’s gross domestic product (GDP) in 2015-16, the highest among all states. The GSDP grew at a CAGR of around 11.3 per cent between 2004-05 and 2015-16 to reach US$ 300.51 billion. The net state domestic product (NSDP) grew at a CAGR of around 11.1 per cent between 2004-05 and 2015-16 to reach US$ 263.6 billion.
The state's capital, Mumbai, is the commercial capital of India and has evolved into a global financial hub. The city is home to several global banking and financial service firms. Pune, another major city in the state, has emerged as the educational hub. Maharashtra has emerged as a key hub for IT and ITeS, electronics and captive business outsourcing industries.
In 2015-16, Maharashtra was one of the leading producers of sugarcane and cotton in the country. The state produced 72.1 million tonnes (MT) of sugarcane and 4.2 million bales of cotton.
Maharashtra accounts for approximately 35.1 per cent of the country's automobile output by value. The state has a well-developed social, physical and industrial infrastructure. Apart from four international and seven 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 grown significantly over the last decade, with a substantial rise in the number of industrial clusters and public-private partnership (PPP) projects.
According to the DIPP, cumulative FDI inflows in the state of Maharashtra during April 2000 to March 2016 stood at US$ 82.62 billion.
Last Updated: February 14, 2017