In financial year 2024, the gross domestic product for agriculture in the south-western Indian state of Maharashtra amounted to 2.28 trillion Indian rupees. This was a slight decrease from the previous year. GDP growth rate Interestingly, the real GDP growth rate for the country also saw a decline that year at about 6.12 percent as compared to the previous year. This decline was reflected in state deficits and inflation rates in the country. To revert these negative rates and prevent the Indian economy's collapse, the government had taken several measures in the 2020 budget. Some of the government's efforts to attract investments in the economy included a reduction in tax rates, improved capacity to spend in the rural sector, and infrastructure creation. Agriculture – the backbone of Indian economy The agriculture industry provided livelihoods for nearly 65 percent of the country's population in terms of direct and indirect employment. This made agriculture the backbone of Indian economy. The importance of agricultural products was further established as the primary source of raw material supply in the country's leading industries.

Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Maharashtra data was reported at 13.426 % in 2024. This records a decrease from the previous number of 13.558 % for 2023. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Maharashtra data is updated yearly, averaging 14.279 % from Mar 2005 (Median) to 2024, with 20 observations. The data reached an all-time high of 15.265 % in 2008 and a record low of 13.149 % in 2021. Gross State Domestic Product Contribution to National Gross Domestic Product (GDP): Maharashtra data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s General Election – Table IN.GEI003: Memo Items: State Economy: Gross State Domestic Product: Contribution: National Gross Domestic Product. Data prior to 2012 is based on GDP at Factor Cost

In financial year 2024, the gross state domestic product of Maharashtra in India amounted to over 40 trillion Indian rupees, up from the previous year. The western state saw a constant increase in the gross domestic product over the years except between financial year 2020 and 2021.

NSDP Per Capita: Maharashtra data was reported at 277,603.025 INR in 2024. This records an increase from the previous number of 252,388.560 INR for 2023. NSDP Per Capita: Maharashtra data is updated yearly, averaging 172,663.121 INR from Mar 2012 (Median) to 2024, with 13 observations. The data reached an all-time high of 277,603.025 INR in 2024 and a record low of 99,597.286 INR in 2012. NSDP Per Capita: Maharashtra data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.GEI004: Memo Items: State Economy: Net State Domestic Product per Capita.

The estimated per capita income across the western state of Maharashtra in India stood at around 278 thousand Indian rupees in the financial year 2024. There was a significant increase in the income per capita in the state since the financial year 2012. Sikkim recorded the highest per capita income in the country.

During the financial year 2023, the real gross domestic district product of the Indian megacity of Mumbai was 4.4 trillion Indian rupees, an increase from the previous financial year. The district domestic product is a key measure of the performance of a district. It is one of the main parameters of regional imbalances in India.

154.321.127,00 (%) in 2015. Real Growth Rate of States in GSDP at Constant price (94-95 to 11-12)

318.560 (INR, lakhs) in 2023. A lakh is a unit in the Indian numbering system equal to one hundred thousand (100,000)

The second wave of the coronavirus (COVID-19) in India saw the highest share of infections from Maharashtra. Incidentally, this was also the state that contributed most, at about 15 percent, in terms of GDP to the country. Estimates of the lockdown imposed in April 2021 across the state put economic losses at nearly 400 billion Indian rupees for the entire country. The most affected sectors included trade, hotels, transport and storage.

40,44,25,073 (INR, lakhs) in 2023. A lakh is a unit in the Indian numbering system equal to one hundred thousand (100,000)

GSDP: Maharashtra data was reported at 16,866,947.453 INR mn in 2015. This records an increase from the previous number of 15,101,321.447 INR mn for 2014. GSDP: Maharashtra data is updated yearly, averaging 8,557,505.131 INR mn from Mar 2005 (Median) to 2015, with 11 observations. The data reached an all-time high of 16,866,947.453 INR mn in 2015 and a record low of 4,154,796.863 INR mn in 2005. GSDP: Maharashtra data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.AN001: Gross State Domestic Product. Rebased from 2004-2005 base to 2011-2012 base. Replacement series ID: 374618077

NAS 1999-2000: Gross District Domestic Product per Capita: Maharashtra: Amravati data was reported at 28,223.000 INR in 2007. This records an increase from the previous number of 25,542.000 INR for 2006. NAS 1999-2000: Gross District Domestic Product per Capita: Maharashtra: Amravati data is updated yearly, averaging 20,671.000 INR from Mar 2000 (Median) to 2007, with 8 observations. The data reached an all-time high of 28,223.000 INR in 2007 and a record low of 19,108.000 INR in 2001. NAS 1999-2000: Gross District Domestic Product per Capita: Maharashtra: Amravati data remains active status in CEIC and is reported by Planning Commission. The data is categorized under India Premium Database’s National Accounts – Table IN.AP003: Gross District Domestic Product per Capita: Current Price.

GSDP: 99p: Maharashtra data was reported at 4,803,350.000 INR mn in 2010. This records an increase from the previous number of 4,423,200.000 INR mn for 2009. GSDP: 99p: Maharashtra data is updated yearly, averaging 3,165,490.000 INR mn from Mar 2000 (Median) to 2010, with 11 observations. The data reached an all-time high of 4,803,350.000 INR mn in 2010 and a record low of 2,426,150.000 INR mn in 2001. GSDP: 99p: Maharashtra data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.AN018: Gross State Domestic Product: Maharashtra (Discontinued). Rebased from 1999-2000 base to 2004-2005 base. Replacement series ID: 253738402

199.837,34 (INR, crore) in 2018. A crore denotes ten million (10,000,000) and is equal to 100 lakh in the Indian numbering system.

In financial year 2024, the net state domestic product of Maharashtra in India amounted to around 35 trillion Indian rupees. Maharashtra had the highest value of domestic product that year and has consistently been one of the leading states in the country in terms of its per capita income and output.

NAS 1980-1981: Gross State Domestic Product: Maharashtra: Other Services data was reported at 166,189.600 INR mn in 1998. This records an increase from the previous number of 144,438.100 INR mn for 1997. NAS 1980-1981: Gross State Domestic Product: Maharashtra: Other Services data is updated yearly, averaging 42,569.650 INR mn from Mar 1981 (Median) to 1998, with 18 observations. The data reached an all-time high of 166,189.600 INR mn in 1998 and a record low of 11,359.200 INR mn in 1981. NAS 1980-1981: Gross State Domestic Product: Maharashtra: Other Services data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under India Premium Database’s National Accounts – Table IN.AN018: Gross State Domestic Product: Maharashtra (Discontinued). Rebased from 1980-1981 base to 1993-1994 base. Replacement series ID: 63571801

111.492,35 (INR, crore) in 2018. A crore denotes ten million (10,000,000) and is equal to 100 lakh in the Indian numbering system.

Census: Population: Maharashtra: Tumsar data was reported at 44,869.000 Person in 03-01-2011. This records an increase from the previous number of 42,021.000 Person for 03-01-2001. Census: Population: Maharashtra: Tumsar data is updated decadal, averaging 21,580.000 Person from Mar 1901 (Median) to 03-01-2011, with 12 observations. The data reached an all-time high of 44,869.000 Person in 03-01-2011 and a record low of 4,378.000 Person in 03-01-1911. Census: Population: Maharashtra: Tumsar data remains active status in CEIC and is reported by Office of the Registrar General & Census Commissioner, India. The data is categorized under India Premium Database’s Demographic – Table IN.GAC021: Census: Population: By Towns and Urban Agglomerations: Maharashtra.

Net state domestic product in manufacturing of Maharashtra surged by 5.92% from 349,757.73 INR, crore in 2017 to 370,479.29 INR, crore in 2018. Since the 14.19% surge in 2013, net state domestic product in manufacturing soared by 56.88% in 2018. A crore denotes ten million (10,000,000) and is equal to 100 lakh in the Indian numbering system.

Maharashtra accounted for about 110 billion Indian rupees from pulses to the Indian economy in fiscal year 2020. This value was significantly higher compared to fiscal year 2012. Pulses contributed over five percent to the GVA of crops that same year. The south-western state made up over 15 percent within the pulses sector that year.