Economy of Maharashtra

Source	Ministry of Statistics and Programme Implementation
Date	08 Oct 2024

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Top 10 largest economies by GDP

Sectorwise GDP of Maharashtra
	Sector	GVA (Rupees in Lakh) at current prices		GVA (Rupees in Lakh) at 2011-12 prices
	Sector	2023-24	% share	2023-24	% share
1	Primary Sector	45,719,972	12.95	30,590,570	14.07
1.1	Agriculture, forestry & fishing	39,453,671	11.17	22,689,448	10.44
1.11	Crops	22,714,816	6.43	13,237,364	6.09
1.12	Livestock	9,558,630	2.71	5,673,005	2.61
1.13	Forestry & logging	6,305,938	1.79	3,415,575	1.57
1.14	Fishing and aquaculture	874,287	0.25	363,505	0.17
1.2	Mining & quarrying	6,266,301	1.77	7,901,121	3.63
2	Secondary Sector	81,957,277	23.21	57,474,320	26.44
2.1	Manufacturing	51,186,057	14.49	38,342,517	17.64
2.2	Electricity, gas, water supply & other utility services	5,915,394	1.68	4,674,468	2.15
2.3	Construction	24,855,826	7.04	14,457,336	6.65
3	Tertairy Sector	225,452,768	63.84	129,319,604	59.49
3.1	Trade, repair, hotels and restaurants	34,197,121	9.68	17,682,603	8.13
3.11	Trade & repair services	30,815,854	8.73	15,937,910	7.33
3.12	Hotels & restaurants	3,381,267	0.96	1,744,693	0.80
3.2	Transport, storage, communication & services related to broadcasting	17,849,720	5.05	14,027,559	6.45
3.21	Railways	1,728,794	0.49	960,800	0.44
3.22	Road transport	7,373,806	2.09	7,135,333	3.28
3.23	Water transport	634,150	0.18	367,373	0.17
3.24	Air transport	295,907	0.08	171,423	0.08
3.25	Services incidental to transport	1,699,734	0.48	1,897,495	0.87
3.26	Storage	698,296	0.20	383,614	0.18
3.27	Communication & services related to broadcasting	5,419,033	1.53	3,111,520	1.43
3.3	Financial services	40,682,334	11.52	25,083,982	11.54
3.4	Real estate, ownership of dwelling & professional services	89,837,411	25.44	49,017,558	22.55
3.5	Public administration	14,713,955	4.17	7,694,192	3.54
3.6	Other services	28,172,227	7.98	15,813,711	7.27
	GVA at basic prices	353,130,018		217,384,494

GDP of Maharashtra
Year	At current prices (crore INR)				At 2011-12 prices (crore INR)
Year	GSDP	GSVA	NSDP	NSVA	GSDP	GSVA	NSDP	NSVA
2011-12	1,280,369	1,144,418	1,126,595	99,064,370	1,280,369	1,144,418	1,126,595	99,064,370
2012-13	1,459,629	1,295,042	1,282,180	111,759,278	1,357,942	1,213,382	1,189,711	104,515,084
2013-14	1,649,647	1,468,968	1,448,720	126,804,107	1,451,615	1,296,428	1,267,551	111,236,427
2014-15	1,779,138	1,586,937	1,553,217	136,101,583	1,543,165	1,376,374	1,345,341	117,855,077
2015-16	1,966,225	1,720,488	1,735,308	148,957,060	1,654,284	1,468,485	1,452,513	126,671,471
2016-17	2,198,185	1,908,485	1,954,774	166,507,381	1,807,046	1,599,819	1,596,121	138,889,361
2017-18	2,352,782	2,064,432	2,081,195	179,284,529	1,888,706	1,668,205	1,661,065	144,056,389
2018-19	2,528,854	2,216,768	2,225,049	191,296,325	1,957,381	1,725,011	1,712,999	148,062,884
2019-20	2,656,806	2,350,571	2,331,629	202,539,346	2,046,614	1,814,633	1,788,569	155,658,835
2020-21	2,610,651	2,332,152	2,261,719	198,321,986	1,852,132	1,662,820	1,581,122	139,180,994
2021-22	3,144,138	2,792,558	2,744,773	239,319,291	2,047,891	1,841,254	1,759,047	155,240,969
2022-23	3,645,884	3,206,193	3,179,566	273,987,495	2,241,196	2,019,422	1,935,842	171,406,878
2023-24	4,044,251	3,531,300	3,524,281	301,133,088	2,410,898	2,173,845	2,079,756	184,270,337

GDP per capita of Maharashtra
Year	Per capita at current prices (INR)		Per capita at 2011-12 prices (INR)
Year	GSDP	NSDP	GSDP	NSDP
2011-12	113,191	99,597	113,191	99,597
2012-13	127,605	112,092	118,715	104,008
2013-14	142,634	125,261	125,512	109,597
2014-15	152,157	132,836	131,977	115,058
2015-16	166,352	146,815	139,960	122,889
2016-17	184,113	163,726	151,352	133,686
2017-18	195,195	172,663	156,694	137,808
2018-19	207,833	182,865	160,866	140,782
2019-20	216,319	189,843	166,636	145,626
2020-21	210,603	182,454	149,413	127,550
2021-22	251,521	219,573	163,825	140,718
2022-23	289,405	252,389	177,903	153,664
2023-24	318,560	277,603	189,904	163,820

GDP Growth of Maharashtra
Year	Growth (%) at current prices (INR)		Growth (%) at 2011-12 prices (INR)
Year	GSDP	NSDP	GSDP	NSDP
2012-13	14.00	13.81	6.06	5.60
2013-14	13.02	12.99	6.90	6.54
2014-15	7.85	7.21	6.31	6.14
2015-16	10.52	11.72	7.20	7.97
2016-17	11.80	12.65	9.23	9.89
2017-18	7.03	6.47	4.52	4.07
2018-19	7.48	6.91	3.64	3.13
2019-20	5.06	4.79	4.56	4.41
2020-21	-1.74	-3.00	-9.50	-11.60
2021-22	20.44	21.36	10.57	11.25
2022-23	15.96	15.84	9.44	10.05
2023-24	10.93	10.84	7.57	7.43