Summary:

Maharashtra aims to double its GDP to $1 trillion by 2030, surpassing countries like Singapore and the UAE. With a 14% CAGR, the state plans to increase manufacturing’s GDP share to 21%, focusing on sectors like electric vehicles and semiconductors. The services sector, infrastructure, and global capability centres will remain key priorities for growth.

Maharashtra aims to increase power generation from 45 GW to 84 GW, reducing industrial tariffs to enhance competitiveness. The state also plans to upgrade transportation, expanding Mumbai’s coastal roads and metro lines, and completing the high-speed rail project. Leading in FDI, Maharashtra secured 31% of India’s cumulative equity inflows, totaling $78 billion.

Source: IBEF 

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF’s official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.