Voting is being done for the election of the state government in Maharashtra. These assembly elections of Maharashtra are being held around populist schemes, in which BJP, Eknath Shinde and Ajit Pawar’s organization NDA have promised to provide benefits of Laldi Brahmin Scheme and some other free schemes. On the other hand, Congress, Uddhav Thackeray and Sharad Pawar in the India alliance have also promised to provide benefits of similar schemes.
Whose government will be formed after the assembly elections in Maharashtra, NDA or India Alliance. Both of them will have to implement the free scheme made in the elections and it will definitely have an impact on the economy of Maharashtra. However, Maharashtra is called the economic capital of the country and the average per capita income here is much higher than the states of North India. Let us know the reasons why Maharashtra remains the highest earning state of the country.
What is the contribution of Maharashtra in the country’s GDP?
According to the Economic Survey of Maharashtra for the financial year 2023-24, the state’s economy grew at the rate of 7.6 percent. According to the economic review, the state’s gross domestic product (GSDP) for 2023-24 stood at Rs 40,44,251 crore. Whereas the gross domestic production of the state for the financial year 2024-25 is estimated to be Rs 42,67,771 crore. Which is 5.5 percent more than 2023-24. At the same time, Maharashtra’s contribution to the country’s GDP is the highest compared to other states. Maharashtra’s share in the country’s GDP is 13.9 percent, which automatically gives the state the status of economic capital.
Maharashtra number 1 in direct tax collection
The head offices of existing big companies in the country are in Maharashtra. The average per capita income in Maharashtra is also good. For this reason, Maharashtra is the number one state in the country in terms of direct tax collection. In the last financial year, direct tax of Rs 7,61,716.30 crore came in Maharashtra. Maharashtra’s share in the total direct tax collected across the country is 39 percent.
Sixth in per capita income
According to the Economic Survey of Maharashtra for 2023-24, the per capita income of the state stood at Rs 2,52,389 annually. Which is at number six in the country. Telangana is at number one where the per capita income is Rs 3,11,649. Maharashtra’s share in the country’s total exports in the financial year 2022-23 was 16 percent. Maharashtra contributes 20 percent to the national industrial production. From April 2023 to March 2024, Maharashtra exported goods worth $67.21 billion.
