Maharashtra is the second largest state in terms of population and the third largest in terms of area. Maharashtra's per-capita income is 40 per cent higher than the all-India average. Mineral base is abundant with coal, manganese, iron-ore and tin being some of the important minerals. Mineral belt stretches across Chandrapur, Gadchiroli, Bhandara and Nagpur districts.

Below mentioned are the key highlights of the state:
  • State Domestic Product
  • USD 74 Bn (highest amongst all the states)
  • Exports: USD 44 Bn (45% of total exports from India)
  • Industrial sector: Around 19% of total NVA in Industrial sector
  • Average annual economic growth: 9.3% during last 3 years.
  • Highest FDI approvals in the country.

Mumbai, Maharashtra's capital city, was once the icon of industrialisation in the country. With the decline of manufacturing, it is now instead the principal financial centre and a major commercial hub. Growth in IT / ITES, banking and financial service sector is expected to further boost the share of tertiary sector in Maharashtra.

Share of manufacturing sector is expected to sustain its current level owing to growth in number of Industrial clusters and specialized manufacturing zones. About 226 functioning industrial areas were set-up by MIDC in Maharashtra.

Amongst several industry segments, emerging segments in the economy are food processing, automobile / auto-component, leather, chemical and pharmaceutical and engineering.