Chief Minister Devendra Fadnavis of Maharashtra expressed confidence in the state’s progress in research, innovation, and the global economy. Leveraging Artificial Intelligence and emerging technologies, Maharashtra is excelling in various sectors nationwide. Fadnavis highlighted Maharashtra’s lead in research, innovation, infrastructure, and revenue generation, creating a strong ecosystem for new industries and tech-driven businesses.
Elaborating on the state’s goal to become a $1 trillion economy, Fadnavis pointed out that Maharashtra is India’s startup and unicorn capital. The state’s economy has grown significantly from around ₹14 lakh crore in 2015 to Rs 54 lakh crore today. Maharashtra is currently the closest among Indian states to achieving the $1 trillion target, with its economy standing at $660 billion and maintaining a steady growth rate of 10 percent.
Fadnavis projected that Maharashtra is poised to reach the $1 trillion milestone by 2030. Despite potential short-term challenges like weather patterns affecting agriculture, the state aims to maintain its growth trajectory. Maharashtra has now emerged as the 30th largest economy globally, surpassing competition with other Indian states.
To drive this growth, Maharashtra is deploying technology and AI effectively through Geographic Information Systems and data tracking. The state has established an Economic Advisory Council and a vision document, ‘Viksit Maharashtra 2047,’ to guide its development strategies. The government is focused on real-time monitoring and efficiency through specific data points mapped across departments.
