The Maharashtra Economic Survey 2025-26 projects the state economy to grow by 7.9 per cent, outpacing the estimated national growth rate of 7.4 per cent. The report highlights strong growth in services and industry, rising per capita income of Rs3.47 lakh and Maharashtra’s 14 per cent contribution to India’s GDP.
A total of 18 lakh kilometres of road network was added over the past financial year. REPRESENTATION PIC
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Maharashtra economy projected to grow 7.9 per cent in 2025-26
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The state’s economy is projected to grow by 7.9 per cent in 2025-26, outpacing the estimated national growth rate of 7.4 per cent, according to the Maharashtra Economic Survey 2025-26 released by the Directorate of Economics and Statistics. Finance Minister Ashish Jaiswal tabled the state’s economic survey in the state Legislative Assembly on Thursday. Chief Minister Devendra Fadnavis will table the Budget today in the Assembly. This will be the second Budget of the current Mahayuti government.
Maharashtra ahead
Maharashtra contributes about 14 per cent to India’s GDP — the highest among all states. The state’s per capita income is also significantly higher than the national average, at an estimated Rs 3.47 lakh, compared to the all-India average of Rs 2.19 lakh.
The growth of the industrial sector stood at 5.7 per cent in 2025-26. REPRESENTATION PIC/ISTOCK
Agriculture trend
Production of cereals, sugarcane, and cotton is expected to grow by 10.6 per cent, 22 per cent, and 7 per cent, respectively, while production of pulses and oilseeds may decline by 28.2 per cent and 47.4 per cent. A total of Rs 9,022 crore has been sanctioned for crop loss compensation.
Development schemes
Ladki Bahin: Under this scheme,Rs 32,470 crore was spent in 2024-25 and Rs 29,570 crore in 2025-26, benefiting over 2.3 crore women. It is the single biggest women-focused welfare scheme in the state.
Urbanisation: Around 45.2 per cent of the state population lives in urban areas, making it one of the most urbanised states in India which has a 31.1 per cent average.
Slums: Tenements are being provided to families living in slums. Since the inception of the programme in Mumbai, a total of 2545 projects have been completed up to December 2025, resulting in the rehabilitation of 2,83,955 slum-dwelling families into permanent tenements. In Thane, 51 projects have been completed, under which 7815 families living in slums have been rehabilitated into housing units.
Infrastructure and transport
Details 2024-25 2025-26
Installed power capacity 38,601 MW 39,000 MW (approx; survey indicates incremental growth)
Renewable energy capacity 12,355 MW 13,000 MW+ (survey trend)
Total road length 3.28 lakh km 3.46 lakh km
Total vehicles 488 lakh 488.25 lakh
Sector growth
Sectors 2024-25 2025-26
Agriculture, allied growth 8.7% 3.4%
Industry growth 4.9% 5.7%
Services growth 7.8% 9.0%
Share in India’s Nominal GDP 13.5% 14.0%
Fiscal position
Details 2024-25 2025-26
Revenue receipts Rs 5,36,463 cr Rs 5,60,964 cr
(revised estimate) (budget estimate)
Revenue expenditure Rs 5,62,999 cr Rs 6,06,855 cr
(revised estimate) (budget estimate)
Fiscal deficit (% of GSDP) 2.4% 2.7%
Debt stock (% of GSDP) 17.3% 18.3%
Annual plan outlay Rs 1,92,000 cr Rs 2,54,560 cr
Agriculture and rural economy
Details 2024-25 2025-26
Monsoon rainfall 116.8% of normal 109.1% of normal
Kharif sowing area 157.59 lakh ha 157.27 lakh ha
Flood compensation Rs 1470.92 crore Rs 9022.38 crore
Avg. operational landholding 1.23 ha 1.23 ha (latest census)
Growth rate
Details 2023-24 2024-25 2025-26 (projected)
GSDP growth rate – 7.3% 7.9 %
India’s growth rate – 6.5% 7.4%
Nominal GSDP 40.56 lakh crore 46.22 lakh crore 51.00 lakh crore
Real GSDP (in lakh crore) 24.35 lakh crore 26.71 lakh crore 28.82 lakh crore
Per capita income Rs 2,78,681 Rs 3,09,340 Rs 3,47,903
Banking and credit
Details 2024-25 2025-26
Total bank deposits Rs 46.68 lakh crore Rs 53.40 lakh crore
Gross credit Rs 45.99 lakh crore Rs 52.39 lakh crore
Credit-deposit ratio 98.5% 98.1%
Share in all-India deposits 22.9% 22.7%
Share in all-India credit 28% 27.8%
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