Last updated on Jun, 26 2020
MAHARASHTRA State Report | June, 2020
Maharashtra is situated on the west coast of India. 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) grew at a CAGR of around 12.05 per cent between 2015-16 to 2019-20 to reach US$ 303.5 billion. Net State Domestic Product (NSDP) grew at a CAGR of around 7.07 per cent between 2015-16 to 2017-18 to reach US$ 340.41 billion.
Mumbai, the state's capital, is the commercial capital of India and has evolved into a global financial hub. The city is home to several global banking and financial services providers. Pune, another major city in the state, has emerged as the educational hub. Maharashtra has emerged as a key hub for IT & 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 Department for Promotion of Industry and Internal Trade (DPIIT), cumulative Foreign Direct Investment (FDI) inflow^^ in the state stood at US$ 137.93 billion between April 2000 and March 2020. Total merchandise export from the state stood at US$ US$ 74 billion during 2018-19 and US$ 49.94 billion during April-December 2019.
Note: ^ - Includes Maharashtra, Dadra & Nagar Haveli and Daman & Diu, * - As per 3rd Estimates, P – Provisional, **-in lakhs bales of 170 kgs each