Overview
- Chief Minister Devendra Fadnavis reiterated the goal of becoming a $1 trillion state economy by 2029–2030, pegging Maharashtra’s size at about $660 billion and saying it grew by $55 billion this year.
- Government figures place GSDP at roughly Rs 51 lakh crore with debt at about Rs 9.32 lakh crore, citing a debt-to-GSDP near 18% and a fiscal deficit around 2.7–2.9%, below the FRBM benchmark.
- Shiv Sena leaders, including Nilesh Rane and the UBT faction, questioned the credibility of the Rs 51 lakh crore GSDP projection and argued that it flatters fiscal ratios and masks strain such as weaker per capita rankings; they warned of higher debt pressures.
- Deputy CM Eknath Shinde said Maharashtra could contribute nearly $1.5 trillion to India’s $5 trillion target by FY27 and forecast Rs 2.96 lakh crore of investments in 2026 that may generate nearly 3 lakh jobs.
- The administration linked its growth case to major infrastructure and energy plans, from Mumbai Coastal Road and Navi Mumbai airport to renewable targets including 3 billion trees and 16,000 MW of solar for farmers, alongside projected household power tariff relief for low-use consumers.