Last Updated: November 26, 2015
Latest update: August, 2015
Last Updated: August, 2015
MAHARASHTRA State Report | August, 2015
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 2014-15, the highest among all states. The GSDP grew at a CAGR of around 11.1 per cent between 2004-05 and 2014-15 to reach US$ 264.8 billion.
Total FDI in the state stood at US$ 73.12 billion from April 2000 to May 2015, the highest among all states in India. Maharashtra's exports totalled US$ 73.9 billion in 2014-15.
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.
Maharashtra is the most industrialised state in India and has maintained the leading position in the industrial sector in the country. The state is equally a frontrunner in small scale industries and boasts of the largest number of special export promotion zones.
Maharashtra accounts for approximately 35.1 per cent of the country's automobile output by value. Pune is the largest auto hub of India, with over 4,000 manufacturing units just in the Pimpri-Chinchwad region. The state also has the largest base of local original equipment manufacturers (OEMs).
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.