Important features of maharashtra economy - class-XI

According to Maharashtra State Economic Survey 2018-19, States contribution to all India nominal GDP is highest at 14.4 percent.

According to the Economic Survey of Maharashtra for 2016-17, the state had the highest the state had the highest growth of GDSP (Gross State Domestic Product) and SPCI (State Per Capita Income) in comparison with other states.

According to Maharashtra State Economic Survey 2018-19, Per capita Income during 2018-19 is expected at 1,91,827 as against 1,76,102 during 2017-18 (higher by 8.9 percent).

The Maharashtra State economy is characterised by:

• Abundant Natural Resources
• Availability of skilled manpower
  
• Technological advancement
  
• Developed infrastructure
  

The Maharashtra state capital Mumbai is not only home for leading corporate houses and firms but also has Asia's oldest Stock Exchange, the Bombay Stock Exchange. 

According to Economic Survey 2018-19, Foreign Direct Investment inflows during 2018-19 in the State was 80,013 crores.

Aurangabad Industrial City (AURIC), a well planned and greenfield smart industrial city based on the concept of walk to work, is being developed across an area of 10,000 acres in the State as a part of Delhi-Mumbai Industrial Corridor.

Maharashtra is the leading State in terms of disbursement of loans under Pradhan Mantri MUDRA Yojana. Rupees 64,984 crores loans were disbursed in the State under Pradhan Mantri MUDRA Yojana from 2016-17 to 2018-19.

The Mumbai FinTech Hub has been established by Government of Maharashtra for implementing Maharashtra State FinTech Policy. Government of Maharashtra has been the first state in India to create a Fintech policy to support the sector with a vision to convert Mumbai into a Global Fintech Hub. It will be set up in Mumbai Metropolitin Region (MMR).