Trade Analytics

Information About Maharashtra: Industries, Exports, Economy & Infrastructure Growth

Latest update: February, 2016

Economic Snapshot: GSDP of Maharashtra

Maharashtra's gross state domestic product (GSDP) was US$ 264.80 billion over 2014-15.

Economic Snapshot: GSDP of Maharashtra

Economic Snapshot: NSDP of Maharashtra

Maharashtra's net state domestic product (NSDP) was US$ 238 billion over 2014-15.

Break up of outstanding investments in Maharashtra

 

Factfile

  • Capital:Mumbai
  • Geographical Area (sq km):307,713
  • State Language:Marathi, Konkani, Hindi and English
  • Literacy Rate:82.3 per cent
  • Key Industries:Pharmaceuticals, biotechnology, IT and ITeS, electronics, engineering, auto and auto components, petrochemicals, oil and gas and textiles

Last Updated: February, 2016

MAHARASHTRA State Report | October, 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 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$ 76.4 billion from April 2000 to September, 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. As of January 2016, Maharashtra had a total installed power generation capacity of 38,716.1 megawatt (MW).

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.

Recent Developments

  • Global beverage company Pepsi plans to invest Rs 500 crore (US$ 72.84 million) to set up another unit in Maharashtra to make mango, pomegranate and orange-based citrus juices, while biotechnology giant Monsanto plans to set up a seed plant in Buldhana district of Maharashtra.
  • Maharashtra is the most internet friendly state in India, based on an Internet Readiness index that is a composite of factors such as e-infrastructure, e-participation, information technology (IT) services and e-governance services in the state, as per a report by industry body Internet and Mobile Association of India (IAMAI) and Indicus Analytics.
  • Amazon Web Services (AWS), Amazon’s cloud service arm, has set up five data centres in various locations in Mumbai to cater to the fast growing e-commerce and cloud computing space in India, similar to the steps taken by companies such as Flipkart, Microsoft and IBM to locate their data centres in India and build their businesses around them.

Factfile

  • Capital:Mumbai
  • Geographical Area (sq km):307,713
  • State Language:Marathi, Konkani, Hindi and English
  • Literacy Rate:82.3 per cent
  • Key Industries:Pharmaceuticals, biotechnology, IT and ITeS, electronics, engineering, auto and auto components, petrochemicals, oil and gas and textiles
Maharashtra Map

Maharashtra