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

Latest update: April, 2019

Economic Snapshot
Per capita Income

 

Factfile

  • Capital:Mumbai
  • Geographical Area (lakh sq km):3.08
  • 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, oil and gas, food and agro processing, gems and jewellery, banking, financial services and insurance (BFSI) and textiles

Last Updated: April, 2019

MAHARASHTRA State Report | September, 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 11.77 per cent from 2011-12 to 2017-18 to reach US$ 387.36 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 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 DPIIT, cumulative FDI inflows^ in the state of Maharashtra during April 2000 to December 2018 stood at US$ 123.73 billion. During 2017-18, total merchandise exports from the state stood at US$ 69.73 billion. During 2018-19**, exports stood at US$ 65.94 billion.

Key sectors:

  • At current prices, the contribution of the financial sector to the GSDP of the state increased at a CAGR of 10.51 per cent between 2011-12 and 2016-17.
  • The government has launched Wi-Fi services, which will connect 500 hotspots across Mumbai, under the smart city project.
  • The state has produced 6.55 million bales of cotton in 2017-18*. In 2018-19(P)#, the state has also produced 164 MT of raw silk.
  • Maharashtra accounts for approximately 35.1 per cent of the country’s output of automobiles by value.
  • The state has launched Unlimited Maharashtra advertising campaign through newspapers and television channels to attract tourists during summer vacations. A half-hour ferry ride across Mumbai harbor takes visitors to view the superbly carved 1,300 years old cave temple on the little island of Elephanta, a favourite picnic spot.
  • In 2017, the state had 119.2 million domestic tourist arrival and 5.08 million foreign tourist arrival.

Note: ^ - Includes Maharashtra, Dadra & Nagar Haveli and Daman & Diu, * - As per 3rd Estimates, P – Provisional, # upto September 2018, ** - Upto February 2019

Factfile

  • Capital:Mumbai
  • Geographical Area (lakh sq km):3.08
  • 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, oil and gas, food and agro processing, gems and jewellery, banking, financial services and insurance (BFSI) and textiles
Maharashtra Map

Maharashtra