The Indian state of Maharashtra and the capital, Mumbai, is situated in the western region of the country – but really it is central to almost everything.
Maharashtra’s gross state domestic product (GSDP) at current prices accounted for 14.89 per cent of India’s gross domestic product (GDP) in 2017-18, the highest among all states – valued at US$ 387.36 billion. It’s the economic powerhouse of India.
We know and love the state’s capital, Mumbai, as the commercial and financial capital of India – plus with heaps to interest both business and tourism. The city is home to several global banking and financial service firms, plus India’s stock exchanges.
Pune is a city I really love and recommend not just because it is on the edge of the most beautiful mountain range. It has emerged as the educational hub.
Maharashtra has emerged as a key hub for IT and ITeS, electronics and business outsourcing industries.
The state has a well-developed social, physical and industrial infrastructure. Apart from 16 airports, the state has two major and 48 minor ports. It also has a well-developed power supply grid.
If you are not convinced, look at these numbers:
- At current prices, the contribution of the financial sector to the GSDP of the state increased at a CAGR of 10.51 per cent between 2011-12 and 2016-17.
- From August 1991 to December 2017, a total of 894 projects with an investment of Rs 19,088 crore (US$ 2.96 billion) have been approved for the pharmaceutical industry in the state.
- The government has launched Wi-Fi services, which will connect 500 hotspots across Mumbai, under the smart city project.
- The state has produced 6.55 million bales of cotton in 2017-18*. In 2017-18(P), the state has also produced 184 MT of raw silk.
- Power generation in the state has been steadily increasing. Production figure stood at 124.31 TWH in 2017-18 and 47.19 TWH during April – July 2018.
- Maharashtra accounts for approximately 35.1 per cent of the country’s output of automobiles by value.
- The state has launched Unlimited Maharashtra advertising campaign through newspapers and television channels to attract tourists during summer vacations. A half-hour ferry ride across Mumbai harbor takes visitors to view the superbly carved 1,300 years old cave temple on the little island of Elephanta, a favourite picnic spot.
- In 2017, the state had 119.2 million domestic tourist arrival and 5.08 million foreign tourist arrival.
Mumbai is always on my itinerary for India – and there are many other cities worthy of our attention.
One thought on “Tourism or business – start your India visit in Maharashtra”
Thanks Stephen. Good read on the India’s largest state economy. Hope you will be writing about other states in the future. States that are key drivers of the nation’s growth such as Karnataka, Telangana, Tamil Nadu etc.
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