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Maharashtra-March-2015.Pdf Highest contribution to • Maharashtra’s GSDP at current prices was US$ 252.7 billion in 2012-13 and accounted India’s GDP for 14.6 per cent of India’s GDP, the highest among all states. • Total FDI in the state stood at US$ 70.95 billion* from April 2000 to November 2014, the Highest FDI in India highest among all states in India. • Maharashtra’s exports totalled US$ 32.0 billion in 2012-13 (April 2012 to August 2012), India’s leading exporter accounting for 27.0 per cent of total exports from India. • The state’s capital, Mumbai, is the commercial capital of India and has evolved into a India’s financial and global financial hub. The city is home to several global banking and financial service firms. educational hub Pune, another major city in the state, has emerged as the educational hub. *Including Daman & Diu and Dadra & Nagar Haveli Second-largest • With a tentative production of 81 lakh bales over 2013-14, the state is the second-largest producer of cotton producer of cotton in the country. • Maharashtra is the most industrialised state in India and has maintained the leading Industrial powerhouse position in the industrial sector in the country. The state is a pioneer in small scale industries and boasts of the largest number of special export promotion zones. • Maharashtra accounts for approximately 38.0 per cent of the country’s automobile output by value. Pune is the largest auto hub of India, with over 4,000 manufacturing units just in Strong auto sector the Pimpri-Chinchwad region. The state also has the largest base of local OEMs. Tata Motors, Bajaj Auto, Mahindra and Volkswagen plan to invest US$ 1.9 billion in the state. OEM – Original Equipment Manufacturer FY11–20 TradeGrowing and commerce demand hub Policy incentives FY2020E of India • The Government of Maharashtra has Projected several policies in place to set up the • Mumbai (Maharashtra) is known as right kind of business climate. GSDP the trade and commerce capital of Per capita growth rate India. It is also the financial centre of • These policies aim to motivate GSDP US$ of 8.2 per India. investors to invest into various sectors 2,394 in the state, thereby contributing to cent • Maharashtra has emerged as a key the overall development of the hub for IT and ITeS, electronics and economy. captive business outsourcing industries. • Under Industrial Mega Project Policy, the government has approved 415 projects. Advantage Maharashtra Rich labour pool Facilitating infrastructure • Maharashtra has a literacy rate of • The state has a well developed social, 82.3 per cent and is home to a physical and industrial infrastructure. number of world class educational Apart from three international and five and IT institutions. domestic airports, the state has two • The state has a large base of skilled major and 53 minor ports. It also has a and industrial labour, making it an well developed power supply grid. ideal destination for knowledge based • Maharashtra's infrastructure sector has and manufacturing sectors. grown significantly over the last decade, with a substantial rise in the number of industrial clusters and Public Private Partnership (PPP) projects. Source: India 2020 Outlook, Indian Overseas Bank • Expects to achieve double digit • Establishing technical growth during the 12th Five Year universities for skill Plan. development. • Focus on growth of the • Providing scholarships to manufacturing sector. pursue professional courses. • Creating conducive growth environment. • Five per cent growth target in the Industrial sector Skill development • Maharashtra government 12th Five Year Plan. targets 11 per cent GSDP • Promoting sustainable growth in the 12th Five Year development in agriculture by Plan. integrating schemes of water • US$ 50.6 billion allocated to shed development, use of Agriculture GSDP growth accelerate economic growth technology, enhancing Vision by implementing specially processing capacity and skill designed growth oriented development. policies. • Promotion of agri-business through PPP for Integrated Tourism Infrastructure Agricultural Development (PPP- IAD) and develop market linkages of horticulture. • Promote religious, adventure • 6,026 km of national highway and heritage tourism. projects. • Training workers in the • Developing ports by investing organised and unorganised approximately US$ 2.4 billion. sectors related to tourism. Source: Confederation of Indian Industry India's main stock exchanges & capital market and commodity exchanges are located in Mumbai. The most commonly spoken language in the state is Marathi. Konkani, Hindi and English are the other prominent languages. Parameters Maharashtra Capital Mumbai Geographical area (sq km) 307,713 Administrative districts (No) 35 Population density (persons per sq 365 Maharashtra is situated in the western region of the country. km)* The state shares borders with Gujarat, Madhya Pradesh, Total population (million)* 112.4 Chhattisgarh, Andhra Pradesh, Karnataka, Goa and the Union Territory of Dadra and Nagar Haveli. On its west is Male population (million)* 58.2 the Arabian Sea. Female population (million)* 54.1 Sex ratio (females per 1,000 males)* 929 Mumbai, Pune, Nagpur, Thane, Nasik, Solapur, Kolhapur, Sangli, Aurangabad, Amravati and Ratnagiri are some of Literacy rate (%)* 82.3 the major cities of Maharashtra. Source: National Portal of India – www.india.gov.in, *Final data – Census 2011, Economic Survey 2012-13 Parameter Maharashtra All states Source Economy 2012-13 2013-14 Planning Commission Databook, 2013–14, GSDP as a percentage of all states’ GSDP 14.6 100.0 current prices Planning Commission Databook, November Average GSDP growth rate (%)* 16.1 11.54 2014, current prices Planning Commission Databook, December Per capita GSDP (US$) 2,196.0 1,833.24 2014, current prices Physical Infrastructure Installed power capacity (MW) 34,867.4 258,701.45 Central Electricity Authority, as of January 2015 Telecom Regulatory Authority of India, as of Wireless subscribers (No) 73,764,356 930,200,000 September 2014 Telecom Regulatory Authority of India, as of Broadband subscribers (No) 2,355,047^ 75,730,000 September 2014 National Highway length (km) 6,336 96,260 National Highway Authority of India Major and minor ports (No) 2 + 53 13+187 Indian Ports Association Airports (No) 8 133 Airports Authority of India *Calculated in Indian rupee terms, ^As of December 2011-12 Parameter Maharashtra All states Source Social Indicators Literacy rate (%) 82.3 74.0 Planning Commission Databook, June 2014 SRS Bulletin (www.censusindia.gov.in), Birth rate (per 1,000 population) 16.6 21.6 September 2013 Investment Department of Industrial Policy & Promotion, FDI equity inflows (US$ billion) 70.95* 238.6 April 2000 to December 2014 Outstanding investments (US$ billion) 246.4 2,414.2 CMIE (2013-14) Industrial Infrastructure PPP projects (No) 88 1,339 www.pppindiadatabase.com SEZs (No) 65 392 Notified as of July 2013, www.sezindia.nic.in *Combined FDI inflows for Maharashtra, Dadra & Nagar Haveli and Daman & Diu PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration System At current prices, the GSDP of Maharashtra was projected GSDP of Maharashtra at current prices at US$ 255.5 billion in 2013-14. (in US$ billion) 255.5 The GSDP expanded at a CAGR of around 15.7* per cent 255.9 252.7 226.9 from 2004-05 to 2013-14. CAGR: 180.5 15.7%* 170.0 163.4 Maharashtra has the highest GSDP amongst all Indian 129.5 states. 110.3 92.7 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Source: Planning Commission Databook, June 2014, Annual Plan 2013-14 *CAGR calculated in Rupee terms, GSDP - Gross State Domestic Product, CAGR – Compound Annual Growth Rate The NSDP of Maharashtra was at US$ 221.2 billion in NSDP of Maharashtra at current prices 2013-14. (in US$ billion) 227.1 220.3 221.2 Maharashtra’s NSDP grew at a CAGR of around 15.3* per 208.4 CAGR: cent from 2004-05 to 2013-14. 162.5 15.3%* 146.9 153.9 Maharashtra has the highest NSDP amongst all Indian states. 116.7 82.6 99.0 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Source: Planning Commission Databook, June 2014, RBI *CAGR calculated in Rupee terms NSDP - Net State Domestic Product, CAGR – Compound Annual Growth Rate The state’s per capita GSDP in 2012-13 was US$ 2,196.0. Per capita GSDP (US$) 2,253 2,196 The per capita GSDP has increased at a CAGR of 14.5* per 2,025 cent between 2004-05 and 2012-13. CAGR: 14.5%* 1,584 1,633 1,500 1,225 1,059 904 2005-06 2010-11 2004-05 2006-07 2007-08 2008-09 2009-10 2011-12 2012-13 Source: Planning Commission Databook, June 2014, *CAGR calculated in Rupee terms The state’s per capita NSDP in 2013-14 was US$ 1,898. Per capita NSDP (US$) 2,000 The per capita NSDP has increased at a CAGR of 13.7* per 1,898 1,860 1,915 cent between 2004-05 and 2013-14. CAGR: 1,434 13.7%* 1,471 1,349 1,104 951 805 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Source: Planning Commission Databook, June 2014, RBI *CAGR calculated in Rupee terms Over 2012-13, the tertiary sector contributed 60.7 per cent Percentage distribution of GSDP to the state’s GSDP at current prices, followed by the secondary sector (27.5 per cent). CAGR* At a CAGR of 16.4* per cent, the tertiary sector has been 59.6 16.4% 60.7 the fastest growing among the three sectors from 2004-05 to 2012-13.
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