Maharashtra Will Become A Huge Economy Worth Trillions By 2025

Ch. Vidyasagar Rao, the Governor of Maharashtra said that the state government has plans to transform the economy of the state to a $1 trillion by the end of 2025.

When he was asked about his plans to make the vision a success, he said that it can be attained by enhancing growth in the sectors like textile, agriculture, tourism, and more. He further added that the government has already hiked the investment in agriculture and infrastructure. This has led to the growth of GSDP from 8.5% in 2015–2016 to 9.4% in 2016–2017.

Maharashtra Will Become A Huge Economy Worth Trillions By 2025

Rao added that in order to lead the economy of $1 trillion, the government has taken initiative in international funding. It has also allotted generous state budgetary resources to offer a huge push to the augment infrastructure of the public.

Mr. Rao further stated the state government has inherited a crisis-laden agricultural sector and proudly said that the growth was in the negative section of the scale which has been pulled to an appreciable number. In 2012–2013, the growth was 0.5% which has touched 12.5% in 2016–2017. He speculated that the growth will keep the same momentum in the upcoming days.

The aforementioned growth was attained by a huge investment in the sector of agriculture. In 2013–2014, the amount of investment was Rs. 29,000 crore which grew by 280% and has reached Rs. 83,000 crore.

As per the governor, the scheme of Jalyukt Shivar has ensured about 15,000 drought-free villages to be achieved by May 2018.

He also added that 6.1 crore citizens with ration cards, have been linked to the Aadhaar under the act of National Food Security.

This act has enabled 92 lakh people to enjoy the facility of availing 2 kg rice at the rate of Rs. 3 per kg along with 3 kg wheat at the rate of Rs. 2 per kg. Apart from these nearly 10 lakh unauthorized ration cards were eradicated.

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