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Maharashtra is expected to contribute USD 1.5 trillion toward India's USD 5-trillion economy target by FY27, driven by infrastructure expansion, industrial growth, and strong investments. Key projects like the Mumbai Coastal Road, Atal Setu, and Navi Mumbai International Airport are enhancing connectivity and employment opportunities. Investments of nearly INR 2.96 lakh crore this year are projected to create around 3 lakh jobs. The state's focus on infrastructure, housing, and industrial development is transforming Mumbai into a competitive urban hub, supported by MoUs worth INR 30 lakh crore at international forums.
Maharashtra is expected to play a pivotal role in India's journey toward becoming a USD 5-trillion economy by FY27, with the state itself likely to add around USD 1.5 trillion to the national GDP, according to deputy chief minister Eknath Shinde. Advertisement
The state continues to be India's leading economic powerhouse, supported by robust investments, industrial expansion, and world-class infrastructure development. Speaking at the iDAC Expo, an exhibition focused on architecture, design, and construction, Shinde highlighted Maharashtra's significant contribution to the country's growth story.
He mentioned that with strong policy backing, infrastructure expansion, and investor confidence, Maharashtra is well-positioned to sustain its leadership in India's economic progress. Shinde pointed out that the state's growing infrastructure ecosystem including new metro corridors, expressways, ports, and airports will enhance industrial activity, connectivity, and employment opportunities.
Key projects such as the Mumbai Coastal Road, Atal Setu, Navi Mumbai International Airport, and upcoming logistics and industrial hubs are strengthening Maharashtra's position as a dynamic economic and investment destination.
Shinde also noted that investments worth INR 2.96 lakh crore expected this year are likely to generate nearly 3 lakh jobs, reinforcing the state's status as India's primary engine for economic and infrastructure growth. He added that the government's focus on housing, infrastructure, and industrial development is transforming the Mumbai Metropolitan Region into a globally competitive urban and economic hub.
Highlighting the state's recent achievements, Shinde said that Maharashtra has signed MoUs worth INR 30 lakh crore at international forums such as Davos, with a conversion rate exceeding 75 per cent, reflecting strong investor confidence.
The three-day iDAC Expo is set to host 15,000-20,000 visitors and more than 150 experts, architects, developers, and urban planners. The event aims to provide a platform for dialogue on sustainable infrastructure, housing, and the future of urban development in India.
Source PTI
FAQ
1. How much is Maharashtra expected to contribute to India's economy by FY27?
Maharashtra is projected to add USD 1.5 trillion to India's GDP, supporting the national goal of a USD 5-trillion economy by FY27, according to Deputy Chief Minister Eknath Shinde. The state's strong industrial base, infrastructure expansion, and investment climate underpin this growth.
2. What key infrastructure projects are driving this growth?
Major projects include the Mumbai Coastal Road, Atal Setu, Navi Mumbai International Airport, and new metro corridors, expressways, ports, and industrial hubs. These developments enhance connectivity, trade, industrial activity, and employment opportunities across the state.
3. How much investment is Maharashtra expecting this year, and what is the employment impact?
The state anticipates nearly INR 2.96 lakh crore in investments in FY26, expected to generate around 3 lakh jobs, particularly in infrastructure, housing, and industrial sectors. This highlights Maharashtra's role as India's primary engine for economic and infrastructure growth.
4. What role do MoUs and international engagement play in Maharashtra's economic strategy?
Maharashtra has signed MoUs worth INR 30 lakh crore at international forums, including Davos, with a conversion rate exceeding 75%, reflecting strong investor confidence. These agreements attract foreign capital, strategic partnerships, and new industrial and infrastructure projects.
5. How is Mumbai evolving as part of Maharashtra's economic growth story?
The Mumbai Metropolitan Region is being transformed into a globally competitive urban hub through investments in housing, industrial zones, transport infrastructure, and urban development initiatives. These efforts aim to enhance livability, business efficiency, and economic productivity.
6. How is Maharashtra promoting sustainable urban development?
Through initiatives showcased at events like the iDAC Expo, Maharashtra is focusing on sustainable infrastructure, urban planning, and future-ready housing solutions. The Expo hosts over 150 experts and 15,000-20,000 visitors, providing a platform for dialogue on building a resilient and investment-friendly urban ecosystem.
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