Latest update: June, 2018
Last Updated: June, 2018
MAHARASHTRA State Report | July, 2018
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 18.51 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 12.01 per cent from 2011-12 to 2016-17 to reach US$ 336.4 billion. The net state domestic product (NSDP) grew at a CAGR of around 12.02 per cent from 2011-12 to 2016-17 to reach US$ 296.14 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 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.
According to the DIPP, cumulative FDI inflows1 in the state of Maharashtra during April 2000 to December 2017 stood at US$ 113.82 billion.
Note: 1Includes Maharashtra, Dadra & Nagar Haveli and Daman & Diu, * - As of November 2017,
Last Updated: June 28, 2018