Push growth to achieve $1-tn goal, state told

Devendra Fadnavis may be a chief minister in a hurry, but on Thursday, he was told the pace still wasn't enough — Maharashtra's economy would have to accelerate further if it hopes to hit the $1-trillion mark by 2028.

- Surendra P Gangan and Saurabha Kulshreshtha

MUMBAI:

With the economy's current growth lagging at 11%, against a target of 14.5%, the Maharashtra Institute for Transformation (Mitra), a government think tank, suggested leveraging available capital expenditure space, off-budget funding and boosting the growth of backward districts.

These were some of the highlights of a presentation made by Praveen Pardeshi, chief executive officer of Mitra, at its governing council meeting chaired by Fadnavis on Thursday. Pardeshi pointed out that Maharashtra's growth lags that of states of similar or higher income including Karnataka and Gujarat.