Economy of Maharashtra
| Currency | Indian Rupee (INR, ₹) |
|---|---|
| 1 April – 31 March | |
Country group |
|
| Statistics | |
| GDP | ₹49.40 trillion (US$580 billion) (nominal; 2025 est.) $2.44 trillion (PPP; 2025 est.) |
| GDP rank | 1st |
GDP growth | 9% (2025-26 est) |
GDP per capita | $4,426 (nominal; 2025 est.) $18,727(PPP; 2025 est.) |
GDP per capita rank | 12th |
GDP by sector | Agriculture: 13.2% Industry: 26.8% Services: 60%(2020–21) |
Population below poverty line | 7.81 in poverty (2022) |
| 35.0 medium (2012) | |
| 0.739 High (2023) (15th) | |
Labour force by occupation | Agriculture 51% Industry 9% Services 40% (2015) |
| Unemployment | 4.3% (Feb 2022) |
| External | |
FDI stock | ₹1.39 trillion (US$16 billion) (2024-25) |
| Public finances | |
| 18.35% of GSDP (2025-26 est.) | |
| ₹136,235 crore (US$16 billion) 2.9% of GSDP (2025-26 est.) | |
| Revenues | ₹5.63 lakh crore (US$67 billion) (2025-26 est.) |
| Expenses | ₹6.99 lakh crore (US$83 billion) (2025-26 est.) |
All values, unless otherwise stated, are in US dollars. | |
The economy of the State of Maharashtra is the largest in India. Maharashtra is India's second most industrialised state contributing 20% of national industrial output. Almost 46% of the GSDP is contributed by industry. Maharashtra has software parks in many cities around the state, and is the second largest exporter of software with annual exports over ₹80,000 crores.
Although highly industrialized, agriculture continues to be the main occupation in many regions of the state. 24.14% of the working age population is employed in agriculture and allied activities.: 18
Mumbai, the capital of Maharashtra and often described as the New York of India or Manhattan of India, is the financial capital and the most populous city of India with an estimated city proper population of 12.5 million (1.25 crore). The city is the entertainment, fashion, and commercial centre of India. Mumbai hosts the largest urban economy of any city in India. It is considered the financial capital of India with the headquarters of almost all major banks, financial institutions, insurance companies and mutual funds being based in the city. India's largest stock exchange Bombay Stock Exchange, established in 1875, is also located in the city. Over 41% of the S&P CNX 500 conglomerates have corporate offices in Maharashtra.