MAHARASHTRA UNDER NDA GOVT PERFORMS BETTER THAN MVA TENURE, SHOWS ECONOMIC SURVEY

The economic survey of Maharashtra for the year 2023-24 presents a positive outlook on the state’s economic recovery and growth under the leadership of the Shinde government, compared to the previous government under the Maha Vikas Aghadi (MVA).

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The economic survey stated that after a period of stagnation under the previous Maha Vikas Aghadi (MVA) administration, the state’s economy is now on an upward trajectory, marked by growth in key areas such as Gross State Domestic Product (GSDP), Foreign Direct Investment (FDI), and entrepreneurship.

The survey highlighted the achievements of the current regime in the revival of Maharashtra’s GSDP, which is now outpacing that of Gujarat. The state’s GSDP grew at a rate of 9.4 per cent in 202223, which is higher than Gujarat’s 8 per cent.

The survey pointed out that the current growth numbers are in stark contrast to the average growth rate of 6.76 per cent during the MVA tenure from 2019 to 2022. Additionally, the survey indicates an increase in per capita income, signalling economic recovery after a decline during the previous government.