Government of Maharashtra Projects 7.9 Per Cent Economic Growth for 2025-26

Key facts

• Maharashtra's economy is expected to grow at 7.9 per cent in 2025-26, outpacing the projected national growth rate of 7.4 per cent.
• The nominal Gross State Domestic Product (GSDP) for 2025-26 is estimated at ₹51 lakh crore, while the real GSDP is projected at ₹28.82 lakh crore.
• The services sector, which accounts for nearly 60 per cent of the total Gross State Value Added (GSVA), is expected to grow by 9 per cent in 2025-26.
• Growth projections for other sectors in 2025-26 include 5.7 per cent for industry and 3.4 per cent for agriculture and allied activities.
• Maharashtra accounted for the highest share of 14 per cent in India's nominal Gross Domestic Product (GDP) during 2024-25.
• The per capita income in the state for 2025-26 is estimated at ₹3,47,903, significantly higher than the national per capita income of ₹2,19,575.
• Maharashtra ranks third in meat production with an 11.6 per cent share, fifth in milk production with a 6.7 per cent share, and seventh in egg production with a 5.5 per cent share in India.
• During the kharif season of 2025-26, production of sugarcane is expected to increase by 22 per cent, cereals by 10.6 per cent, and cotton by 7 per cent.
• The state remained the top destination for Foreign Direct Investment (FDI) inflows between October 2019 and March 2025, securing a 31 per cent share.
• Maharashtra holds the highest share among all states in bank deposits at 22.7 per cent and gross credit at 27.8 per cent.
• The state's revenue receipts for 2025-26 are estimated at ₹5,60,964 crore, while revenue expenditure is projected at ₹6,06,855 crore.
• The unemployment rate in Maharashtra declined to 3.3 per cent in 2023-24, while the Labour Force Participation Rate (LFPR) rose to 59 per cent.