Economy of Maharashtra

Maharashtra’s is India’s leading industrial state contributing 23% of India’s industrial output. 64.14% of the people are employed in agriculture and allied activities. Major industries in Maharashtra include chemical and allied products, electrical and non-electrical machinery, textiles, petroleum and allied products.

Other important industries include metal products, wine, jewellery, pharmaceuticals, engineering goods, machine tools, steel and iron castings and plastic wares. Food crops include mangoes, grapes, bananas, oranges, wheat, rice, jowar, bajra, and pulses. Cash crops include groundnut, cotton, sugarcane, turmeric, and tobacco. The net irrigated area totals 33,500 square kilometres.

Mumbai, the capital of Maharashtra houses the headquarters of almost all major banks, financial institutions, insurance companies and mutual funds. Within Mumbai is located Bollywood, the epicentre of India’s Hindi film and television industry.

The Bombay Stock Exchange, India’s oldest and largest stock exchange is located in the city. After successes in the information technology in the neighbouring states, Maharashtra has set up software parks in Pune, Mumbai, and Nashik.