Overview
Maharashtra, India’s leading industrial and financial hub, recorded a GSDP of ₹42.67 lakh crore in 2023–24, with an impressive growth rate of 17.05%. The state boasts a per capita income of ₹3,32,692, reflecting its robust economic performance. Mumbai, the capital, anchors its status as the financial powerhouse of India.
Why Invest in Maharashtra
- Top FDI Share: Contributes 31% of India’s total FDI inflows.
- Diverse Economy: Services and manufacturing dominate, with growth in IT, BFSI, and automobiles.
- Global Connections: Major FDI sources include Singapore and the USA
- Investor-Friendly Policies: Focus on ease of doing business through policy reforms and infrastructure.
Incentives & Schemes
- FDI Reforms: Simplified and transparent investment procedures.
- Industrial Corridors: Key nodes in the Delhi-Mumbai Industrial Corridor (DMIC).
- Sectoral Boosts: Targeted benefits for manufacturing, MSMEs, and green energy initiatives.
Key Economic Data: Maharashtra
| Category |
Details |
| Capital |
Mumbai |
| GSDP (2023–24) |
₹42.67 lakh crore |
| Growth Rate |
17.05% |
| Per Capita Income |
₹3,32,692 |
| FDI Share in India |
31% |
| Top Sectors |
Services, Manufacturing |
| Top FDI Sources |
Singapore, USA |
| Cumulative FDI (FY2024) |
₹22,49,000 crore (Q1) |
| Policy Impact |
Transparent reforms |
| Recent FDI |
₹1,13,236 crore (2020–21) |
Latest Insights
- Maharashtra attracted ₹22,49,000 crore FDI by Q1 FY2024.
- Services and manufacturing continue to lead growth.
- Progressive policies ensure continued global investment interest.
