Maharashtra – India’s Growth Engine
Maharashtra is India’s largest and most diversified sub-national economy and the single biggest contributor to national economic growth. With a nominal GSDP of USD 578 billion in FY 2024–25, the State contributes ~14% of India’s GDP, making it the country’s foremost engine of demand generation, investment, exports, services, and manufacturing.
The State has consistently ranked No.1 in Foreign Direct Investment inflows, attracting ~31% of India’s total FDI over the last two decades. Maharashtra also accounts for over 15% of India’s exports, led by IT & ITeS, engineering goods, automobiles and components, pharmaceuticals, gems and jewellery, and chemicals.
Maharashtra is also among India’s most industrialised and urbanised states, with leadership across priority sectors including automobiles and electric vehicles, pharmaceuticals and chemicals, electronics and semiconductors, textiles, media and entertainment, fintech, aerospace and defence, and emerging digital technologies. The State is home to 300+ MIDC industrial areas, over 2,50,000 acres of industrial land, and multiple sector-specific parks and corridors.
A robust infrastructure backbone underpins Maharashtra’s competitiveness. The State offers multimodal connectivity through JNPT-India’s largest container port, Mumbai Port, 53 minor ports, 4 international and 7 domestic airports, the Western Dedicated Freight Corridor, flagship expressways such as the Samruddhi Mahamarg, and an extensive rail and road network. Maharashtra has committed over USD 100 billion in infrastructure investments to support long-term industrial and logistics growth.
Vision
To position Maharashtra-India’s Growth Engine-as a global leader in advanced manufacturing and high-value exports, while championing sustainability. The State aims to accelerate its journey towards a $1-trillion economy by promoting innovation, entrepreneurship, inclusive and regionally balanced growth, and high-quality employment-aligned with Viksit Bharat 2047 and Vikasit Maharashtra 2047.
Mission
By 2047, Maharashtra will strengthen its leadership as India’s premier industrial hub by accelerating industrial development, attracting strategic investments, and fostering innovation and high-value addition through sustainable practices-advancing the State’s $1-trillion economy vision.
