Economy of Maharashtra

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Year Gross Domestic Product (millions of INR)
1980 Indian Rupee symbol.svg 166,310
1985 Indian Rupee symbol.svg 296,160
1990 Indian Rupee symbol.svg 644,330
1995 Indian Rupee symbol.svg 1,578,180
2000 Indian Rupee symbol.svg 2,386,720
2005 Indian Rupee symbol.svg 3,759,150[1]
2011 Indian Rupee symbol.svg 9,013,300

Maharashtra's gross state domestic product for 2011 is estimated at INR901330 crore (US$150 billion) in current prices. As of 2010 Maharashtra had a Per Capita Income of $ 1,660, far ahead of national average of $ 1,219 . Maharashtra's GDP Per Capita crossed the US$ 2,000 threshold for the first time in 2011 making it one of the richest states in India. Maharashtra is third-most urbanised state with urban population of 45% of whole population.
Mumbai, the capital of Maharashtra houses the headquarters of almost all major banks, financial institutions, insurance companies and mutual funds. Within Mumbai is located Bollywood, the centre of India's Hindi film and television industry. India's largest stock exchange Bombay Stock Exchange, oldest in Asia, is located in the city. After successes in the information technology in the neighbouring states, Maharashtra has set up software parks in Pune, Mumbai, Navi Mumbai, Nagpur and Nasik, Aurangabad. Now Maharashtra is the second largest exporter of software with annual exports of Indian Rupee symbol.svg 18 000 cr and accounts for more than 30 per cent of the country's software exports, with over 1,200 software units based in the state.[2] Maharashtra ranks first nationwide in coal-based thermal electricity as well as nuclear electricity generation with national market shares of over 13% and 17% respectively. Maharashtra is also introducing Jatropha cultivation and has started a project for the identification of suitable sites for Jatropha plantations.[3] Ralegaon Siddhi is a village in Ahmednagar District that is considered a model of environmental conservation. [4] Over 41% of the S&P CNX 500 conglomerates have corporate offices in Maharashtra.

Industry[edit]

Maharashtra is India's leading industrial state contributing 13% of national industrial output. 64.14% of the people are employed in agriculture and allied activities. Almost 46% of the GSDP is contributed by industry.
Maharashtra has had an immense History in textiles and Mumbai city was the original home of India's textile mills. Today some of the city's known for textile industry Solapur, Ichalkaranji, Malegaon and Bhiwandi.
Sugar industry has made considerable progress specially in the co-operative sector. Maharashtra is well known for the development of sugar industry on co-operative lines in which the farmers acquire a share in the sugar mills. Pharmaceuticals, petrochemicals, heavy chemicals, electronics, automobiles, engineering, food processing, and plastics are some of the major industries of the state. Maharashtra is renowned for the production of three-wheelers, jeeps, commercial vehicles and cars, synthetic fibers, cold rolled products and industrial alcohol. Small scale industries have also come up in a big way in the state. The state capital Mumbai is called as an industrial city. Industrial development in the state is largely concentrated in Mumbai. The six important industries in the district are cotton textiles, chemicals, machinery, electricals, transport and metallurgy.[5] These industries also provide employment to a considerable number of people in Mumbai.

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Agriculture[edit]

Although Maharashtra is a highly industrialized state of India, agriculture continues to be the main occupation of the state. Principal crops include rice, jowar, bajra, wheat, pulses, turmeric, onions, cotton, sugarcane and several oil seeds including groundnut, sunflower and soyabean. The state has huge areas, under fruit cultivation of which mangoes, bananas, grapes, and oranges are the main ones. Irrigation facilities are being extended so that agriculture could be made less dependent upon rain water. The net irrigated area totals 33,500 square kilometres

Co-operative Sector[edit]

Although Maharashtra is a highly industrialized state of India, agriculture continues to be the main occupation of the state. Principal crops include rice, jowar, bajra, wheat, pulses, turmeric, onions, cotton, sugarcane and several oil seeds including groundnut, sunflower and soyabean. The state has huge areas, under fruit cultivation of which mangoes, bananas, grapes, and oranges are the main ones. Irrigation facilities are being extended so that agriculture could be made less dependent upon rain water. The net irrigated area totals 33,500 square kilometres.

See also[edit]

References[edit]