Maharashtra's Economy Projected to Grow 7.3% in 2024-25, Outpacing National Growth

The state's economic survey highlights robust agricultural growth, slower industrial and services expansion, and rising fiscal metrics.

Maharashtra's economy is expected to grow at 7.3% in 2024-25, higher than India's projected national growth rate of 6.5%.
Agriculture and allied activities are forecasted to grow by 8.7%, the highest in four years, while industrial and services sectors are set to expand at slower rates of 4.9% and 7.8%, respectively.
The state's debt is projected to rise to ₹7.83 lakh crore, equating to 17.3% of GSDP, which remains within the Finance Commission's recommended limit of 25%.
Per capita income is estimated to increase to ₹3.09 lakh, though 12 districts still fall below the national average of ₹1.89 lakh for 2023-24.
Infrastructure projects, including the completion of India’s longest underground metro line by June and ongoing metro expansion, are expected to improve urban connectivity and reduce traffic congestion.