Maharashtra to contribute $1.5 trillion to India’s $5 trillion economy by 2027, Eknath Shinde

MUMBAI: Maharashtra is poised to contribute nearly $1.5 trillion to the national $5 trillion economy vision by 2027, Deputy Chief Minister Eknath Shinde said while highlighting the state’s central role in India’s economic growth.

The state continues to remain the country’s leading economic powerhouse, driven by strong investments, industrial expansion, and world-class infrastructure development, he said at a conference in Mumbai.

Maharashtra contributed around 14% to India’s economy in 2024-25.


Emphasizing the state’s growth trajectory, Shinde noted that Maharashtra’s expanding infrastructure ecosystem, including new metro corridors, expressways, ports, and airports, will significantly boost industrial activity, connectivity, and employment generation.

According to him, large-scale projects such as the Mumbai Coastal Road, Atal Setu, Navi Mumbai International Airport, and emerging logistics and industrial hubs are strengthening the state’s position as India’s most dynamic economic and investment destination.

“Maharashtra will continue to lead India’s growth story. With strong policy support, infrastructure expansion and investor confidence, the state is on track to play a major role in achieving the country’s $5 trillion economy target, with Maharashtra alone contributing nearly $1.5 trillion to the national GDP,” Shinde said.

On Foreign Direct Investment (FDI) in Maharashtra, Shinde added that the state continues to strengthen its position as India’s leading destination for investments, consistently attracting the highest share of Foreign Direct Investment (FDI) in the country.

The state’s strong industrial ecosystem, progressive policies, world-class infrastructure, and presence of financial and commercial hubs including Mumbai have made it a preferred destination for global investors.

With continuous reforms, ease-of-doing-business initiatives, and large infrastructure projects across logistics, manufacturing, and technology sectors, Maharashtra is further consolidating its role as the growth engine of India’s economy and a key gateway for global capital into the country, he added.

Sanjeev Jaiswal, IAS, Vice President & CEO of Maharashtra Housing and Area Development Authority (MHADA), also addressed the debate around land reclamation in coastal cities, noting that while several global coastal cities have expanded through reclamation to create new districts and open spaces, in India the process is governed by strict Coastal Regulation Zone (CRZ) norms and environmental safeguards.

Jaiswal explained that any such initiative requires multiple approvals and careful ecological assessment, often involving environmental regulators and judicial oversight. He believes that while the need for additional urban land in a dense city like Mumbai is widely acknowledged, any future consideration of reclamation must balance development needs with environmental protection and follow due regulatory processes laid down by the government.