Latest update: December, 2019
Last Updated: December, 2019
MAHARASHTRA State Report | December, 2019
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) at current prices accounted for 14.89 per cent of India’s gross domestic product (GDP) in 2017-18, the highest among all states. The GSDP grew at a CAGR of around 11.83 per cent from 2011-12 to 2018-19 to reach US$ 405.35 billion. The net state domestic product (NSDP) grew at a CAGR of around 11.75 per cent from 2011-12 to 2017-18 to reach US$ 340.41 billion. The budget estimate for GSDP at current price for 2019-20 is Rs 31.31 lakh crore (US$ 448.07 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.
The state has a well-developed social, physical and industrial infrastructure. Apart from 16 airports, the state has two major and 48 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 Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflows^^ in the state of Maharashtra during April 2000 to June 2019 stood at US$ 128.85 billion. During 2018-19, total merchandise exports from the state stood at US$ US$ 74 billion and US$ 33.80 billion during April-September 2019.
Note: ^ - Includes Maharashtra, Dadra & Nagar Haveli and Daman & Diu, * - As per 3rd Estimates, P – Provisional, **-in lakhs bales of 170 kgs each
Last Updated: March 12, 2020