Maharashtra economy to grow 6.8% in 2022-23: State Economic Survey
1 year, 10 months ago

Maharashtra economy to grow 6.8% in 2022-23: State Economic Survey

The Hindu  

Maharashtra’s economy is expected to grow by 6.8% in 2022-23 against the projected 7% growth of the Indian economy, according to the State’s annual Economic Survey, tabled by Deputy Chief Minister and Finance Minister Devendra Fadnavis in the Assembly on March 8. In the current fiscal year, the agriculture and allied activities sector is expected to grow by 10.2%, slower than the 11.4% growth seen the previous year. As per advanced estimates, the nominal Gross State Domestic Product for 2022-23 is expected to be ₹35.27 lakh crore, and the real GSDP is expected to be more than ₹21.65 lakh crore. Higher income As per the advanced estimates, the State’s per capita income for 2022-23 is expected to be ₹2.42 lakh, against ₹2.15 lakh the previous year.

Growth State Lakh Expected Grow Gsdp Survey Maharashtra  report  previous  expected  economic  state  survey  maharashtra  total  68  growth  202223  production  lakh  grow  economy

History of this topic

Fadnavis makes Maha pitch, says will make economy USD 1 trillion by 2030
4 weeks ago

Fadnavis makes Maha pitch, says will make economy USD 1 trillion by 2030

New Indian Express  

MUMBAI: Chief Minister Devendra Fadnavis on Friday said Maharashtra will be a trillion dollar economy by 2028-30 and play a key role in India’s growth story under Prime Minister Narendra Modi. He said Mumbai will play a major role in the growth of Maharashtra and the financial capital of India will become the country’s fintech capital in the coming years. …

Kharif 2024: AP raises crops in 37.42 lakh hectares
1 month, 4 weeks ago

Kharif 2024: AP raises crops in 37.42 lakh hectares

Deccan Chronicle  

VIJAYAWADA: Andhra Pradesh raised crops in 37.42 lakh hectares against the seasonal normal of 45.89 lakh hectares, during the Kharif season that ended on September 30 this year. While the agriculture department targeted paddy cultivation -- the major Kharif crop -- in at least 15.12 lakh hectares, the total sown area of paddy stood at 13.65 lakh hectares, covering 90 …

India Needs to Create 78.51 Lakh Jobs in Non-Farm Sector: Survey
5 months, 2 weeks ago

India Needs to Create 78.51 Lakh Jobs in Non-Farm Sector: Survey

Deccan Chronicle  

New Delhi: The government on Monday asserted that the Indian economy needs to generate around 78.51 lakh jobs annually in the non-farm sector to meet growing demand and population growth. “The Indian economy needs to generate an average of nearly 78.5 lakh jobs annually until 2030 in the non-farm sector to cater to the rising workforce,” said the survey. “Casual …

Amid better monsoon, kharif sowing in 2024-25 up 10% year-on-year to 57.5 million hectares
5 months, 3 weeks ago

Amid better monsoon, kharif sowing in 2024-25 up 10% year-on-year to 57.5 million hectares

Live Mint  

The area under cultivation in the 2024-25 kharif season has increased by 10.3% year-on-year, reaching 57.5 million hectares, following better monsoon rains during the last fortnight. {{^adFree}} {{/adFree}} At 57.5 million hectares, or 53% of the normal sown area, the combined sown area of key kharif crops such as paddy, pulses, oilseeds, sugarcane and cotton, is up 10.3% year-on-year, according …

Maharashtra economic growth to fall from 9.4% to 7.6% in 2023-24
6 months, 2 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%
6 months, 2 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
6 months, 2 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 …

Kharif foodgrain production in Maharashtra dropped by 18% due to erratic rain
6 months, 2 weeks ago

Kharif foodgrain production in Maharashtra dropped by 18% due to erratic rain

Hindustan Times  

Mumbai: Erratic, inadequate and unseasonal rainfall last year has taken a toll on agricultural production in the kharif season, with overall production of foodgrains falling by a whopping 18% against the four-year average, according to figures released by the state agriculture department on Tuesday. The overall production of the kharif crops dropped to 6.5 million MT, compared with the four-year …

Cabinet approves MSP hikes for all 14 kharif season crops for the upcoming 2024-25 season
6 months, 3 weeks ago

Cabinet approves MSP hikes for all 14 kharif season crops for the upcoming 2024-25 season

The Hindu  

The Union Cabinet gave its nod to raise the minimum support price for paddy by 5.35% to ₹2,300 per quintal for the upcoming 2024-25 kharif marketing season, a decision that comes ahead of Assembly elections in Haryana, Maharashtra, Jharkhand and Delhi. In the first major decision of Prime Minister Narendra Modi’s third term in office, the Cabinet approved MSP hikes …

India's industrial output's year-on-year growth increases to 5% in April 2024
6 months, 4 weeks ago

India's industrial output's year-on-year growth increases to 5% in April 2024

Hindustan Times  

The Index of Industrial Production grew by 5% for April 2024, compared to 4.6% growth during the same month of the previous year. IIP tracks activity in manufacturing, mining, and electricity generation IIP shows the performance of the industrial sector. The IIP figure for April 2024 stood at 147.7 compared to 140.7 in the same month last year, according to …

India’s real GDP growth for 2023-24 estimated at 7.3%
1 year ago

India’s real GDP growth for 2023-24 estimated at 7.3%

The Hindu  

India’s real GDP growth in 2023-24 is estimated at 7.3%, compared to 7.2% a year ago, as per the first advance estimates of national income released by the National Statistical Office on Friday, which reckon the economy will outperform the 7% uptick recently projected by the Reserve Bank of India. With GDP growth in the first half of this year …

Cultivated area shrinks as erratic rain hits Telangana state
1 year, 3 months ago

Cultivated area shrinks as erratic rain hits Telangana state

Deccan Chronicle  

Hyderabad: Erratic rainfall over the past few months adversely impacted agriculture in the state, with the sown area during the kharif season declining by nearly 6.5 lakh acres in comparison to last year, according to an agriculture department report. While the southwest monsoon is set to withdraw, the kharif crop sown area fell to 1.25 crore acres this year, against …

India shows an impressive 7.8% economic growth in April-June quarter
1 year, 4 months ago

India shows an impressive 7.8% economic growth in April-June quarter

Associated Press  

NEW DELHI — India’s economy registered impressive growth of 7.8% in the first quarter of the current financial year, attributed to good performance by the agriculture and financial sectors, according to official data released on Thursday. India’s agriculture sector recorded growth of 3.5% in three months, up from 2.4% in the April-June quarter last year, according to the data released …

Sugar production in Maharashtra drops by 320 lakh quintals
1 year, 8 months ago

Sugar production in Maharashtra drops by 320 lakh quintals

Hindustan Times  

Given that the season for crushing sugarcane ended in April, Maharashtra’s sugar production has decreased by 320 lakh quintals compared to last year. At least 210 sugar mills produced 1,053.17 lakh quintals of sugar in 2022-23 as opposed to 1,373 lakh quintals in the previous year. This year in 2022-23, Maharashtra produced 1,053 lakh quintals of sugar by crushing 1,052 …

Maha Expected to See 6.8% Growth: Economic Survey 2022-23
1 year, 10 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, 10 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 likely to loose its 'fastest growing economy tag' as growth took hit from weakening demand
2 years ago

India likely to loose its 'fastest growing economy tag' as growth took hit from weakening demand

India TV News  

India's GDP updates: Hit by weakening demand, the Indian economy is expected to grow at a slower 7 per cent rate in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the Statistics Ministry compares with 8.7 per …

India's GDP Grows At 13.5% During April-June 2022 Quarter; Fastest In A Year
2 years, 4 months ago

India's GDP Grows At 13.5% During April-June 2022 Quarter; Fastest In A Year

News 18  

India’s gross domestic product rose 13.5 per cent in the June 2022 quarter as compared with the 20.1 per cent growth registered in Q1 2021-22, according to the latest official data released on Wednesday. “Real GDP or gross domestic product at constant prices in Q1 2022-23 is estimated to attain a level of Rs 36.85 lakh crore, as against Rs …

India’s agrarian production estimated to be record high in 2021-22
2 years, 4 months ago

India’s agrarian production estimated to be record high in 2021-22

Live Mint  

Union Ministry of Agriculture and Farmers Welfare on Wednesday has released fourth advance estimates of production of major agricultural crops for the year 2021-22. Data released by the ministry depicts production estimates for various crops- Rice totalling 130.29 million tonnes, higher by 13.85 million tonnes than the last five years' average production of 116.44 million tonnes. totalling 130.29 million tonnes, …

Industrial output grows 1.3% in January
2 years, 9 months ago

Industrial output grows 1.3% in January

The Hindu  

India’s industrial output grew 1.3% in January 2022, recovering marginally from a revised growth rate of 0.7% for December 2021, but was still only 0.7% above pre-pandemic levels, as per data from the National Statistical Office. While consumer non-durables output grew 2.1% year-on-year in January, the fastest pace since August 2021, it marked a significant 5% decline from December 2021 …

Eco Survey pegs agriculture growth at abysmal 4% against last year’s 17.9%
2 years, 10 months ago

Eco Survey pegs agriculture growth at abysmal 4% against last year’s 17.9%

Hindustan Times  

Mumbai: Pointing to the continuing stress on the economy, the ‘Economic Survey of Maharashtra 2021-22’ has said that the agriculture sector is expected to grow at 4.4 percent as against 17.9 percent in the previous year. Highlighting some green shoots in the economy, it said that industrial growth is expected at 11.9 percent, which is higher than the negative growth …

Economic Survey predicts 11% growth in fiscal 2022
3 years, 11 months ago

Economic Survey predicts 11% growth in fiscal 2022

The Hindu  

India’s economy is firmly in the middle of a V-shaped recovery and will bounce back to record 11% growth in 2021-22 after an estimated 7.7% contraction this year, according to a ‘conservative’ estimate in the Economic Survey for 2020-21. Making a strong pitch for the government to loosen its purse strings to spur the economy with a ‘counter-cyclical fiscal push’ …

Above Normal Rainfall Increases Acreage, but May Impact Total Output of Kharif: NBHC
4 years, 2 months ago

Above Normal Rainfall Increases Acreage, but May Impact Total Output of Kharif: NBHC

News 18  

With above normal rainfall during the monsoon, farmers have sown record 1,095.37 lakh hectares so far, though output of cereals like rice and maize is likely to be impacted, according to the National Bulk Handling Corporation’s first kharif crop estimates for 2020-21. Maize acreage is expected to increase by 2.31 per cent but still we are expecting a 5.71 per …

Sowing of Kharif Summer Crops Touches New Record at 1,095.38 Lakh Hectare: Govt
4 years, 4 months ago

Sowing of Kharif Summer Crops Touches New Record at 1,095.38 Lakh Hectare: Govt

News 18  

Sowing of kharif crops touched a new record at 1,095.38 lakh hectare so far in the current season on the back of good rains and timely pre-positioning of crop inputs, according to the agriculture ministry. According to the ministry's data, kharif crops have been sown in a record area of 1,095.38 lakh hectare so far this season, as against 1,030.32 …

Maharashtra’s growth to drop to 5.7%, says economic survey
4 years, 10 months ago

Maharashtra’s growth to drop to 5.7%, says economic survey

Hindustan Times  

Maharashtra’s economy is expected to grow at 5.7% in 2019-20, its lowest rate in the past eight years, according to the Economic Survey of Maharashtra report tabled in the state legislature on Thursday. According to the report, the state’s growth rate in 2018-19 was 6%, 1.5 percentage points down from the previous Bharatiya Janata Party government’s estimate of 7.5%. The …

State retained 7.5% growth, but farm sector in distress
5 years, 6 months ago

State retained 7.5% growth, but farm sector in distress

The Hindu  

Maharashtra’s economy grew at an estimated 7.5% in 2018-19, the same pace as the year before it, but growth in the agricultural sector collapsed to a mere 0.4% and crop output shrank by a sharp 8%. With industrial growth also contracting, it was only a sharp 9.2% growth in the Services sector that helped the State retain the 7.5% growth …

Maharashtra economic survey: High goals, but state’s growth rate low
5 years, 6 months ago

Maharashtra economic survey: High goals, but state’s growth rate low

Hindustan Times  

While the government has set an ambitious target of making Maharashtra a trillion-dollar economy by 2025, the economic survey 2018-19 presented in the legislature on Monday showed the growth rate has remained at 7.5% of the Gross State Domestic Product, the same as 2017-18. The drop in the agriculture growth by 2.7% against last year has resulted in the decline …

Agriculture, manufacturing to push GDP growth to 7.2% in 2018-19; per capita net national income rises 11%: CSO
6 years ago

Agriculture, manufacturing to push GDP growth to 7.2% in 2018-19; per capita net national income rises 11%: CSO

Firstpost  

In terms of GDP, the rates of GFCE at current and constant prices during 2018-19 are estimated at 11.5 percent and 11.0 percent, respectively. Releasing the first advance estimates of National Income for 2018-19, the CSO said, “The growth in GDP during 2018-19 is estimated at 7.2 per cent as compared to the growth rate of 6.7 percent in 2017-18.” …

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