Fastest growing state of India

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  •  Gross state domestic product (GSDP) registered an average growth of 16.1 per cent in 2007–08.
  • Net state domestic product (NSDP) was at US$ 125.4 billion and per capita state income at US$ 1,168 in 2007–08.
  • It accounts for 24.6 per cent of foreign direct investment (FDI), 20 per cent of the country‘s industrial output and 27 per cent of India‘s exports.
  • Of the total foreign direct investment (FDI) in India, Maharashtra continued to be at the top position in 2009.
  • FDI approved projects, for the period April 2000 to July 2009, were mainly in services (23 per cent), IT and telecom (18 per cent), housing, real estate and construction (13 per cent) and automobiles
  • State contributes 13 per cent to the national income.

Maharashtra vsIndia: Estimated growth rates 2008–09 (in %)

Sector India (GDP) Maharashtra (GSDP)
Agriculture and allied activities 2.6 (7.1)
Industry 4.8 4.8
Services 9.6 10.5
Total 7.1 6.7

 

Sectoral contribution to GSDP (in%)

Sectoral contribution to GSDP (in %)Year Primary Secondary Tertiary
1960–1961 31 23 46
1970–1971 22 29 49
1980–1981 24 30 46
1990–1991 21 32 47
2000–2001 17 25 58
2006–2007 15 26 59
2007–2008 14 27 59

Source : ibef.org

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