7.9% Economic Growth Expected for Maharashtra Amid Rising Debt

The Maharashtra Assembly recently reviewed the state's Economic Survey, highlighting a dual trend of high growth and increasing debt. While public debt is set to climb to ₹9.32 lakh crore, the state's real GSDP is projected to grow by 7.9%. Services remain the primary driver at 9% growth, followed by the industrial sector at 5.7%. Nominal GSDP is expected to touch ₹51 lakh crore. Maharashtra continues to lead nationally, contributing 14% to India's nominal GDP with a high per capita income of ₹3,47,903.