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MAHARASHTRA October 2007 MAHARASHTRA October 2007 www.ibef.org STATE ECONOMY & SOCIO-ECONOMIC PROFILE www.ibef.org STATE ECONOMY & SOCIO-ECONOMIC PROFILE MAHARASHTRA • October 2007 Maharashtra – A Snapshot • Located in the western region of India, Maharashtra is India’s 3rd largest state in area and 2nd largest in population • The State stretches over 3,07,690 sq km with a total population of 96.9 million (Census 2001) • Shares borders with Gujarat, Madhya Pradesh, Chhattisgarh, Andhra Pradesh, Karnataka, Goa and the Union territory of Dadra and Nagar Haveli • The Arabian Sea makes up the state’s western coast • The state capital Mumbai is the 6th largest Metropolitan area in the world and India’s largest and most populous city STATE ECONOMY & SOCIO-ECONOMIC PROFILE MAHARASHTRA • October 2007 Socio - Economic Snapshot Population (Census 2001) 96.9 million Density (2001) 314 person per sq km Sex Ratio (Census 2001) 922 females per 1000 males Principal Languages Marathi & Hindi Literacy Rate (Census 2001) 77% Major Minerals Coal, Manganese, Iron Major Industries Financial Services, Textiles, Auto-ancillaries, Chemical and allied products, Electrical and non-electrical machinery, Petroleum and allied products. Wine, Jewellery, Pharmaceuticals, Engineering goods, Media & Entertainment etc. Major Crops Groundnut ,Cotton, Sugarcane NSDP at current prices in 2004-05 US$ 34.3 billion Annual Per Capita Income at current US$ 621 prices in 2004-05 Domestic Airports 10, the main airports are Mumbai, Pune, Nagpur and Nashik STATE ECONOMY & SOCIO-ECONOMIC PROFILE MAHARASHTRA • October 2007 Economic Profile • Net State Domestic Product (NSDP) of the state NSDP Growth at Current Prices (2004-05) was US$ 34.3 billion 1997-98 • During 1993-94 and 2002-03, Maharashtra’s 1998-99 real NSDP increased from US$ 22.6 billion 1999-00 to US$ 34.3 billion, registering a growth 2000-01 rate of 4.7% 2001-02 2002-03 • The Gross State Domestic Product (GSDP) 2003-04 of the state is growing at a rate of 8.6% 0 10 20 30 40 • State contributes 40% of the national fiscal US$ billion receipts and 8.17% to the total GDP Source: Economic Survey of Maharashtra 2004-05 • Accounts for 20% of the country’s Investment, 20% of its Industrial output, 40 % of its exports • Annual per capita income at current prices is US$ 621 • The state’s economy grew at a rate of 13.8% in 2004-05 STATE ECONOMY & SOCIO ECONOMIC PROFILE MAHARASHTRA • October 2007 Economic Profile • IMD Switzerland’s World Competitiveness % FDI inflows received by top five destinations in india Report 2006 ranked Maharashtra ahead of countries like Korea, South Africa, Brazil, 3.32 Russia and Italy 6.05 25.96 • According to a recent Reserve Bank of India bulletin, Maharashtra alone accounted for 7.63 over 20% of the FDI coming to India, for the period between January 2000 and 21.18 November 2005 • The “Mega Project Policy” of the n Dehli, Part of UP and Haryana n Maharashtra, Dadra & Nagar Haveli, Daman & Diu n Karnataka n Tamil Nadu & Pondicherry State attracted over US$ 11.5 billion n Gujarat in investment commitments Source: Region-wise inflows furnished by RBI, Mumbai. (From January 2000 to November 2005) INFRASTRUCTURE STATUS www.ibef.org INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Physical Infrastructure • Most cities in Maharashtra are well connected through an efficient railway network • The Central Railways, one of the zones of the Indian Railways, has its headquarters in Mumbai, at the Chhatrapati Shivaji Terminus • Maharashtra also has a intra-city network of railways. The suburban railways is responsible RAILWAYS for carrying 6.1 million passengers everyday INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Physical Infrastructure • Maharashtra has air connectivity from 10 cities, the main airports being- Mumbai, Pune, Nagpur and Nashik. • Mumbai is India’s busiest airport. Further, an additional airport is being proposed at Navi-Mumbai AIRPORTS • A Greenfield Airport is proposed near Pune • 34% of Country’s International passengers handled by Airports in Maharashtra INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Physical Infrastructure • Has the largest road network in the country with a total road length of over 267,000 km • National highway length: 4,176 km State Highways length is 33,705 km Under the on-going National Highway Development Programme (NHDP), 721 km is being converted into 4/6 lane highways • The Mumbai – Pune Expressway forms ROAD NETWORK an important link between the financial and the cultural capital of the state INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Physical Infrastructure Ports • Two principal ports, at Mumbai and Nhawa Sheva (JNPT) along the State’s 720 km coastline, In addition, there are 48 smaller ports • JNPT is the country’s largest container port, with container traffic of over 2.2 million TEUs in 2003-04. It also ranks among the top 30 container ports in the world. JNPT has a container terminal operated by P&O, UK, developed through private investment on a Build-Operate-Transfer(BOT) basis • The road connectivity to the JNPT port shall significantly improve on completion of the on-going expansion of the national highway INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Physical Infrastructure Power • Largest installed electricity generation capacity in the country. During 1998-99 and 2005-06, the total installed capacity increased from 11717.11 MW to 13838.34 MW • Installed capacity of thermal stations continued to form the largest share of the installed generating capacity followed by hydro • The state has a favorable power policy, to facilitate investments in the power sector • The requirement for power in the state stood at 16069 MW for the year 2005-06, the State suffered a shortage of around 23.10% Source: State-wise Power Sector Profile Western region, Ministry of Power, GoI INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Physical Infrastructure Telecom • The state witnessed rapid development in telecommunications services during the past decade • Maharashtra is the 2nd largest GSM market with 11.2 million subscribers in 2006-07 • The growth in mobile telephony has been equally strong with total number of 4913 telephone exchanges with 2, 75,533 mobile phone subscribers INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Social Infrastructure Education • 2nd highest literacy rate in the country • Education network consists of 10 Universities, over 1,800 Higher education institutions, 67,800 Primary and 17,530 Secondary schools • 344 Engineering colleges, with an annual intake of over 88,000 students • 612 Industrial Training Institutes (ITIs) and 34 Architecture colleges with an annual intake of over 93,000 and 1,000 respectively INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Social Infrastructure Education • One of the six Indian Institutes of Technology (IITs) at Mumbai • Number of reputed National R&D Institutions including - Centre for Development of Advanced Computing (C-DAC) - Bhabha Atomic Research Centre - National Environmental Engineering Research Institute - National Chemical Lab - Tata Institute of Fundamental Research INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Social Infrastructure Health • There are 212 Medical institutes and 136 Nursing colleges with an annual intake of over 13,000 and 3,500 respectively • The network of Public and Government-aided health facilities in the state comprise 964 Hospitals, 2,081 dispensaries and 1,806 Primary Health Centers. • The number of beds in various public and government aided health institutions in the state are 92,106 which is 930 beds per million population INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Industrial Centers in Maharashtra Mumbai • Mumbai, the capital of Maharashtra, is the most populous city in the country • It has an International Airport and two major ports, Mumbai and Nhava Sheva • It is the Financial and Commercial Hub of India with headquarters for most Indian and Multinational financial institutions including The Reserve Bank of India • Mumbai is the centre of India’s Film and Entertainment industry, producing over 800 movies each year INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Industrial Centers in Maharashtra Mumbai • The city is the main centre for Capital market-related activities and having country’s two largest stock exchanges • Mumbai is also home to several large Chemicals & Pharmaceutical players INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Key Industrial Centers Pune • Pune is the 2nd largest city in Maharashtra and 6th largest city in the country • The city houses a large number of National and International players from Automobile and IT industries, including Tata Motors, Bajaj Auto, Daimler Chrysler, Fiat, Bharat Forge, Tata Consultancy Services, Infosys and Wipro, among others • It has 12 Industrial areas focusing on Automobiles, Chemicals, Consumer durables, Engineering and Information Technology • It is also a prominent Education centre with a presence of over 100 Colleges and Institutions INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Key Industrial Centers Nashik • Nashik is an important Commercial and Religious centre in the state • It has a significant presence of Automobile and Auto-components, Engineering and Grape processing industries. • The major players in Nashik include Mahindra and Mahindra, Schneider Electric, Siemens and Crompton Greaves • Nashik is a potential destination for Engineering, Food processing and Biotechnology industries in the state INFRASTRUCTURE STATUS MAHARASHTRA • October 2007 Key Industrial Centers Nagpur • Being centrally
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