Maharashtra Economy Witnesses Growth To 7.9% In 2025-26, GSDP Projected At ₹51 Lakh Crore
Maharashtra Economy Witnesses Growth To 7.9% In 2025-26, GSDP Projected At ₹51 Lakh Crore
Mumbai, March 5, 2026: Maharashtra’s economy is forecast to expand by 7.9 percent in 2025-26, surpassing the national growth estimate of 7.4 percent, according to the state’s pre-budget Economic Survey presented in the Maharashtra Assembly on Thursday.
The state’s nominal Gross State Domestic Product (GSDP) is projected at ₹51 lakh crore, while the real GSDP at constant prices is estimated at ₹28.82 lakh crore.
The services sector remains the primary driver, contributing nearly 60 percent of the state’s Gross State Value Added (GSVA). Growth in this sector is expected at around 9 percent, led by financial services, real estate, and professional services.
The industry sector is projected to grow by 5.7 percent, while agriculture and allied sectors may expand by 3.4 percent, supported by a favourable monsoon that delivered 109.1 percent of normal rainfall. Production of cereals, sugarcane, and cotton is expected to rise during the kharif season, though pulses and oilseeds may see a decline.
Maharashtra continues to lead in foreign direct investment (FDI), accounting for 31 percent of inflows between October 2019 and March 2025. The state also holds the largest share of bank deposits (22.7 percent) and gross credit (27.8 percent) among all Indian states. Per capita income for 2025-26 is projected at ₹3,47,903, significantly above the national average of ₹2,19,575.
The survey underscores fiscal prudence, with revenue receipts estimated at ₹5,60,964 crore and expenditure at ₹6,06,855 crore, while keeping the fiscal deficit under 3 percent of GSDP. Continuous investment in roads, metro networks, ports, airports, and logistics is expected to strengthen Maharashtra’s position as a leading economic hub.
Chief Minister Devendra Fadnavis is scheduled to present the Maharashtra Budget 2026-27 in the Assembly on March 6.
