Navigating Maharashtra's Industrial Landscape Under New Leadership

Maharashtra remains a key driver of India's economy, contributing significantly to GDP and industrial output.

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This article highlights the state's strong industrial foundation, impressive investment inflows, and emerging start-up ecosystem. It also examines the expected growth in the manufacturing sector and the role of policies in shaping the state's future. Expert insights on the Electric Vehicle (EV) sector and the priorities of the new government offer a glimpse into the evolving landscape, with a focus on innovation, sustainable growth, and strategic development for Maharashtra's continued leadership.

As one of the country's most industrially advanced states, it continues to attract investment, foster innovation, and drive growth across multiple sectors. With the appointment of the new government, Maharashtra stands at a critical juncture, poised to maintain its industrial leadership while adapting to the evolving economic landscape.

A Robust Industrial Foundation

Maharashtra is the largest contributor to India's GDP, accounting for approximately 14%, and the state's industrial sector is a major player in driving this growth. In FY2023-24, the state's industrial output reached new heights, with a forecasted growth of 7.6%. The manufacturing sub-sector, a key pillar of Maharashtra's industrial strength, is expected to witness a remarkable jump from 2.1% to 7.5%, further emphasizing the sector's potential for expansion.