Maharashtra’s per capita income slides, Gujarat surges ahead
5 months, 3 weeks ago

Maharashtra’s per capita income slides, Gujarat surges ahead

New Indian Express  

MUMBAI: Maharashtra has slipped to the sixth position in terms of per capita income across India, as revealed in the state's economic survey report presented during the monsoon session of the Maharashtra State Assembly. Maharashtra's per capita income is recorded at Rs 2,52,389, followed by Andhra Pradesh with Rs 2,19,881 and Uttar Pradesh at Rs 83,636. Former Union Minister Sharad Pawar-led NCP attributes Maharashtra's significant decline in per capita income to the relocation of major job-generating mega projects to Gujarat. The party's social media handle highlighted that in 2014, Maharashtra's per capita income was Rs 1,25,260, while Gujarat's was Rs 1,13,139.

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History of this topic

Maharashtra assembly polls a battle of ideologies, between few billionaires and poor: Rahul Gandhi in Mumbai
1 month ago

Maharashtra assembly polls a battle of ideologies, between few billionaires and poor: Rahul Gandhi in Mumbai

India TV News  

Mumbai: Lok Sabha MP and leader of the Opposition Rahul Gandhi addressed a press conference in Mumbai on Monday and said the Maharashtra election is an election of ideologies and an election between 1-2 billionaires and the poor. He added that the billionaires want the land of Mumbai to go into their hands and the estimate is that Rs 1 …

'Double engine' of private investment, mass consumption derailed under Modi government: Congress
1 month, 2 weeks ago

'Double engine' of private investment, mass consumption derailed under Modi government: Congress

New Indian Express  

Congress general secretary in-charge communications Jairam Ramesh urged the government to accept what the Congress has been proposing - raising MGNREGA wages to a minimum of Rs.400 per day, guaranteeing MSP and a loan waiver for farmers, and a monthly income support scheme for women - to kickstart income growth in rural India. Last week, several CEOs from India Inc …

Tamil Nadu's Economic Growth Outpaces National Average in 2023-24
2 months ago

Tamil Nadu's Economic Growth Outpaces National Average in 2023-24

The Hindu  

Tamil Nadu's Gross State Domestic Product (GSDP) grew 8.23% in 2023-24, ranking second in GSDP at current prices, only behind Maharashtra. The State's per capita income was estimated at ₹1,79,732 in 2023-24, indicating a significant improvement in the State's overall economic performance compared to earlier years.

Richest and poorest Indian states: Which ones contributed the most GDP and had the highest income?
3 months ago

Richest and poorest Indian states: Which ones contributed the most GDP and had the highest income?

Hindustan Times  

Southern Indian states have surged ahead of northern states after liberalisation, in terms of contribution to India's GDP as well as having higher-than-average per capita incomes, according to a Business Today article which cited an Economic Advisory Council report to the Prime Minister released on Tuesday, September 18, 2024. Karnataka, Andhra Pradesh, Telangana, Kerala, and Tamil Nadu collective account for …

Maharashtra attracted half of the country's FDI in the first quarter of FY25, says Fadnavis
3 months, 2 weeks ago

Maharashtra attracted half of the country's FDI in the first quarter of FY25, says Fadnavis

Hindustan Times  

Mumbai: Maharashtra has secured half of India's foreign direct investment in the first quarter of the 2024-25 financial year, according to Deputy Chief Minister Devendra Fadnavis. Citing the quarterly report from the Department for Promotion of Industry and Internal Trade, Fadnavis revealed that Maharashtra attracted ₹70,795 crore, or 52.46% of the country's FDI. Citing the quarterly report from the Department …

Telangana Budget Focuses on Infrastructure and Welfare
4 months, 4 weeks ago

Telangana Budget Focuses on Infrastructure and Welfare

Deccan Chronicle  

Hyderabad: The Congress-led State government in Telangana on Thursday presented Rs.2.91 lakh crore budget for the financial year 2023-24 with more special focus on infrastructure and welfare in the State. According to Bhatti, the global economy has recorded a growth rate of 3.2 per cent during the year 2023-24 while Indian economy has recorded a growth rate of 7.6 per …

Maharashtra govt tables supplementary demands worth Rs 94889 crore in state assembly
5 months, 2 weeks ago

Maharashtra govt tables supplementary demands worth Rs 94889 crore in state assembly

New Indian Express  

MUMBAI: Maharashtra deputy chief minister Ajit Pawar, who is also finance minister, tabled Rs 94889 crore worth of supplementary demands on the floor of the House in the state assembly session. Interestingly, in the total Rs 94889 crore supplementary demand fund, Ajit Pawar led NCP ministers takes lion share in the state fund. In the total Rs 94889 crore worth …

Maharashtra economic growth to fall from 9.4% to 7.6% in 2023-24
5 months, 3 weeks ago

Maharashtra economic growth to fall from 9.4% to 7.6% in 2023-24

Hindustan Times  

Mumbai: Maharashtra’s economy is expected to grow at 7.6% in the financial year 2023-24, which is at par with the growth of the Indian economy but lower than 9.4% recorded in 2022-23, according to the state’s latest economic survey. The state’s per capita income is expected to grow to ₹2,77,603 in 2023-24 from ₹2,52,389 crore in 2022-23. Deputy chief minister …

Economic survey projects Maharashtra’s economy to grow by 7.6%
5 months, 3 weeks ago

Economic survey projects Maharashtra’s economy to grow by 7.6%

Deccan Chronicle  

As per the survey, the FDI equity inflow in Maharashtra was Rs 1,25,101 crore as compared to Rs 1,18,422 crore in 2022-23. The Economic Survey was presented by Deputy Chief Minister Ajit Pawar, who also handles the finance portfolio, in the monsoon session of the Maharashtra legislature on Thursday. In 2022-23, Maharashtra registered a growth of 6.8 per cent, which …

Maharashtra economy expected to grow at 7.6%, dropped from 9.4% in 2022-23
5 months, 3 weeks ago

Maharashtra economy expected to grow at 7.6%, dropped from 9.4% in 2022-23

Hindustan Times  

Mumbai: Maharashtra's economy is projected to grow by 7.6% in the 2023-24 financial year, matching the growth rate of the Indian economy as a whole, according to the state's latest economic survey. Maharashtra's revenue receipts for 2023-24 stood at ₹4,86,116 crore, an increase from ₹4,05,678 crore in the previous year. On a more positive note, the state's irrigation potential increased …

Maharashtra votes 2024: Why is the state losing big projects to Gujarat?
7 months, 3 weeks ago

Maharashtra votes 2024: Why is the state losing big projects to Gujarat?

Hindustan Times  

Bhiwandi, about two hours away by road from Mumbai city, has long been known as the power loom hub that came into its own after the textile mills in Mumbai began shuttering down in the early 1980s. Of the state’s total GDP of around ₹38.79 lakh crore, Mumbai region alone contributes around 20 percent. Whether Maharashtra – and within it …

Ahead of Lok Sabha elections parties declare income: BJP highest, NPP's wealth surged 1,502 per cent
9 months, 3 weeks ago

Ahead of Lok Sabha elections parties declare income: BJP highest, NPP's wealth surged 1,502 per cent

India TV News  

With nearly Rs 2,361 crore in the 2022-23, the Bharatiya Janata Party was declared as the political party with highest income followed by Congress with Rs 452.375 crore, the Association for Democratic Reforms said. The BJP, Congress and AAP collected 49.09 per cent or Rs 1,510.61 crore of national parties' total income from donations through electoral bonds for FY 2022-23. …

Naysayers Have It Wrong, Incomes in India Are Rising
1 year ago

Naysayers Have It Wrong, Incomes in India Are Rising

News 18  

The state of income in India has suddenly become a topic of raging discussion after former RBI Governor Raghuram Rajan and economist Rohit Lamba suggested that the country cannot escape the lower-middle income trap by 2047. India’s gross direct tax collections in the ongoing financial year, until November 9, have increased almost 18 per cent to Rs 12.37 lakh crore. …

India’s per capita income to jump 70% by 2030, reach $4,000: Report
1 year, 4 months ago

India’s per capita income to jump 70% by 2030, reach $4,000: Report

Live Mint  

The per capita income of India is likely to grow around 70% by 2030 and is expected to reach $4,000 from current levels of $2,450, a research report by Standard Chartered Bank said. Telangana on top among states Telangana currently takes the top spot in the per capita income rankings with ₹2,75,443. However, the StanC report foresees a shift in …

Shelved 2017-18 consumption spending survey showed inequality widening in Maharashtra
1 year, 5 months ago

Shelved 2017-18 consumption spending survey showed inequality widening in Maharashtra

The Hindu  

For urban households in Maharashtra, food costs crossed 40% of monthly spends in 2017-18, for the first time in 18 years, while the food bill for their rural counterparts shot up to almost 49% of total spending, with that figure crossing 60% for the poorest 5% of households., data from the National Statistical Office’s 2017-18 Household Consumption Expenditure Survey or …

Telangana Ranks First In Per Capita Income, Says Minister KT Rama Rao
1 year, 8 months ago

Telangana Ranks First In Per Capita Income, Says Minister KT Rama Rao

ABP News  

Telangana IT and Industries Minister KT Rama Rao on Friday said that the state has been ranked first in per capita income in 2022–23. KT Rama Rao tweeted that the per capita income of Telangana has increased from Rs. While it may be a matter of great pride for Telangana to be ranking on top of the charts on increased …

Maha Expected to See 6.8% Growth: Economic Survey 2022-23
1 year, 9 months ago

Maha Expected to See 6.8% Growth: Economic Survey 2022-23

News 18  

Maharashtra deputy chief minister and finance minister Devendra Fadnavis tabled the Economic Survey 2022-23 on Wednesday, which indicated that the state’s economy is expected to have grown by 6.8% against the national growth of 7%. As per the Economic Survey, the fiscal deficit of the Maharashtra government is expected to be at 2.5% for 2022-23. At the national level, the …

Maharashtra Economy To Grow 6.8% in 2022-23: State's Economic Survey
1 year, 9 months ago

Maharashtra Economy To Grow 6.8% in 2022-23: State's Economic Survey

News 18  

The Maharashtra Economic Survey, tabled on Wednesday, pegged the state’s economic growth at 6.8 per cent for the current financial year 2022-23. It said that in 2022-23, the state’s agriculture and allied activities sector is expected to grow 10.2 per cent, industry sector by 6.1 per cent and services sector by 6.4 per cent. According to the Economic Survey 2022-23, …

India's Per Capita Income Doubles Since 2014-15
1 year, 9 months ago

India's Per Capita Income Doubles Since 2014-15

News 18  

India’s per capita income in nominal terms doubled to Rs 1,72,000 since 2014-15 when the Narendra Modi-led NDA came to power but uneven income distribution remains a challenge. “You are looking at GDP in current prices, but if you account for inflation, the increase is much less,” said noted development economist Jayati Ghosh on doubling of per capita income in …

India's per capita income doubled since 2014-15, but uneven income distribution remains a challenge
1 year, 9 months ago

India's per capita income doubled since 2014-15, but uneven income distribution remains a challenge

India Today  

Despite India's per capita income in nominal terms doubling to Rs 1,72,000 since the Narendra Modi-led NDA came to power in 2014-15, the issue of uneven income distribution remains a persistent challenge, experts were quoted as saying by news agency PTI. However, after adjusting for inflation, the per capita income has risen by approximately 35 per cent from Rs 72,805 …

Maharashtra Budget 2022: Ajit Pawar Presents Rs 10,000 Crore Budget; Know Key Highlights
2 years, 9 months ago

Maharashtra Budget 2022: Ajit Pawar Presents Rs 10,000 Crore Budget; Know Key Highlights

News 18  

Maharashtra Budget 2022-23: Maharashtra deputy chief minister, Ajit Pawar, who also holds the finance post, announced in the state budget on Friday. -State plans to spend Rs 11,000 crore on health services in the next three years -Rs 20 crore for upgrading the cataract surgeries in the state -First class trauma care unit will be set up at Satara and …

Maharashtra Has 56,000 Millionaire Households; Highest in India: Report
3 years, 9 months ago

Maharashtra Has 56,000 Millionaire Households; Highest in India: Report

News 18  

With 56,000 dollar-millionaire households, Maharashtra leads the country in wealth creation followed by Uttar Pradesh, Tamil Nadu, Karnataka and Gujarat, says a report. According to a wealth report by Hurun India, known for its annual rich list, there were 4.12 lakh dollar-millionaire households last year in the country, which has been one of the fastest wealth-creating economies producing the third-most …

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