Maharashtra GDP 2026: Growth Rate, Sector-Wise Contribution & Economic Overview

India’s economy is moving fast toward the $5 trillion mark. Maharashtra GDP supports this growth with a strong $500–$580 billion economy. 

Key Takeaways

• Nominal GSDP for 2024-25 is ₹45,31,518 crore.
• Growth rate for 2024-25 stands at 7.3 per cent.
• Maharashtra's GDP per capita is now ₹3,09,340.
• Services remain the top sector in the economy.

Maharashtra’s GDP Overview (2025)

Maharashtra’s GSDP for 2024‑25 (advance estimate) is ₹45.31 lakh crore, with real growth of 7.3%, higher than India’s projected 6.5%. The state also continues to lead innovation and productivity nationwide. This output shows its steady economic stability and strength.

See the table for Maharashtra GDP indicators:

*Gross State Domestic Product (GSDP)

These numbers show stable and widespread progress. Maharashtra GDP in USD also remains strong each year.

Historical GDP Trends

The state economy shows continuous upward movement. Consistent growth marks the trend over recent years. The numbers below show this pattern:

This consistent growth reflects a diversified economic base. The GDP per capita of Maharashtra also improved.

Sector-Wise Contribution to Maharashtra’s GDP

Diverse sectors power Maharashtra’s economy. The Services sector has the top contribution. The industry sector has a large export and manufacturing base. Agriculture has projected the fastest growth recently. This signals a welcome rural economic recovery.

Here’s the sectoral contribution (2023-24 estimates):

*Gross State Value Added (GSVA)

Factors Driving Maharashtra’s Economic Growth

Many factors support strong state economic growth. Let’s check out the key factors that power the state’s growth:

• Economic Scale: The state provides 13.5% of India's total Gross National Income.
• Foreign Investment (FDI): The state accounts for a huge 31% of the country's total FDI inflow.
• Manufacturing Strength: It contributes 15.5% of India's industrial output.
• Sectoral Leadership: Maharashtra leads auto and pharma, with about 22–23% share nationally.
• Global Trade: The state holds the highest value of exports at over 15% of India's total.
• Infrastructure: Long-term growth is supported by 4 international airports and major ports.
• Financial Core: Mumbai acts as the financial capital, anchoring major service expansion.

Other Factors

• IT and services expand across major cities.
• Export zones bring jobs and investment.
• Investor confidence drives new capital inflow.
• High investment also drives expansion.
• Agriculture recently showed a robust, favourable rebound.

These factors strengthen Maharashtra GDP contribution to India every year.

Challenges Facing Maharashtra’s Economy

The state also faces notable challenges, from regional gaps to slower industrial growth than services. Common challenges include:

• Large regional imbalance across districts.
• Slower industrial momentum in some zones.
• Rural areas depend heavily on agriculture.
• Urban pressure keeps rising each year. 
• Balanced development needs steady focus.
• Fiscal stress also demands caution.

These issues can slow long-term growth if ignored.

Future Outlook for Maharashtra GDP

The state is truly India’s leading economic powerhouse. Many experts expect a $1 trillion economy goal by 2030. The state aims for strong high-value growth. To achieve it, the government introduced new reforms to support investment and expansion. Manufacturing and services will drive output further. Agriculture also shows better performance now. The state plans major infrastructure upgrades. This will help raise productivity across regions. 

Conclusion

The Maharashtra GDP remains strong, large, and diverse. The state remains India’s strongest economic engine. This fuels national growth every year. The Maharashtra GDP in 2025 reflects clear strength and stability. With balanced planning and investment, the state will continue its growth further.