Maharashtra’s economy is projected to grow at 7.3% in 2024–25, outpacing India’s expected 6.5% growth, according to the state’s pre-Budget Economic Survey tabled in the Assembly on Friday. Deputy Chief Minister Ajit Pawar, who also holds the finance portfolio, presented the report, highlighting Maharashtra’s continued dominance as the largest contributor to India’s GDP.
The survey estimates sector-wise growth rates at 8.7% for agriculture and allied activities, 4.9% for industry, and 7.8% for the services sector. Maharashtra’s nominal Gross State Domestic Product (GSDP) for 2023-24 is pegged at ₹40.55 lakh crore, a notable rise from ₹36.41 lakh crore in 2022-23. Meanwhile, the real GSDP has also increased, reaching ₹24.35 lakh crore from ₹22.55 lakh crore in the previous year.
Maharashtra retains its position as the highest contributor to India’s economy, with its share of the national nominal GDP standing at 13.5% for 2023-24. The state’s per capita income is also set to see a significant boost, estimated at ₹3,09,340 for 2024-25, compared to ₹2,78,681 in 2023-24.
With robust growth across sectors and a rising per capita income, Maharashtra continues to strengthen its economic leadership, setting the stage for a dynamic 2024-25 fiscal year.
