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Fastest growing state of India

  •  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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