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.