Maharashtra’s economy is forecasted to expand by 7.9% in 2025-26, surpassing India’s growth rate of 7.6%. This growth is attributed to a significant Goods and Services Tax collection and favorable market conditions. The state’s nominal Gross State Domestic Product (GSDP) at current prices is expected to increase by 10.4%.
The Economic Survey for 2025-26, presented in the state Assembly, indicates that the agriculture and allied sector is expected to grow by 3.4%, the industry sector by 5.7%, and the services sector by 9%. The advanced estimates suggest a nominal GSDP of Rs 51,00,597 crore for 2025-26 and a real GDP at constant 2011-12 prices of Rs 28,82,699 crore.
In 2025-26, the fiscal deficit is estimated at 2.7% of the GSDP, with a revenue deficit of 0.9% and public debt at 18.3% of GSDP. The public debt is projected to reach Rs 9,32,242 crore, an increase from the previous year. Capital expenditure is estimated at Rs 1,50,721 crore, with guarantees provided by the state government worth Rs 1,29,458 crore in 2024-25.
Sowing activities during the kharif season covered 157.27 lakh hectares, with cereals, sugarcane, and cotton expected to see growth. In the Rabi season, sowing was completed on 66.98 lakh hectares, with pulses and cereals set for growth. The State’s nominal GSDP share in All-India nominal GDP was highest during 2024-25 at 14.0%.
