Maharashtra eyes 1 trillion dollar economy by 2030: CM Fadnavis

Chief Minister Devendra Fadnavis arrives at Vidhan Bhavan during the Budget Session. Pic/SAYYED SAMEER ABEDI

Chief Minister Devendra Fadnavis on Thursday, February 26, said Maharashtra is on course to become a 1 trillion dollar economy by 2029-30, provided the state does not face a major drought.

Speaking in the Legislative Assembly, he said, "In case of any adverse situation, the target may be pushed by two years (2032)".

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CM Fadnavis also defended the government's decision to sign MoUs at Davos, calling it crucial for global investor engagement, and said Maharashtra has surged far ahead of other states in the trillion-dollar race.

Key projections include

Trillion-dollar target: 2029-30

Possible delay in adverse conditions: Up to 2032

Why Davos matters

- Global investors converge there

- Helps Maharashtra stay relevant internationally

- MoUs signed with Indian companies defended

Economic milestones

- Economy crosses 660 billion dollars

- Only the Indian state is beyond 500 billion dollars

- Others yet to reach halfway mark

Global standing

- Would rank 13th-14th worldwide

- Comparable in size to Belgium