Maharashtra Economy to Grow 7.9% in 2025-26: What the State Economic Survey Reveals

The Maharashtra Economic Survey 2025-26 projects the Maharashtra economy to grow by 7.9% in the financial year 2025-26. This data revealed according to the survey presented in the Maharashtra Legislative Assembly in Mumbai on 5 March 2026 during the ongoing budget session. The projected growth rate is higher than India’s estimated national growth of 7.4%. And which is highlighting the state’s strong economic performance. The survey outlines key indicators such as Gross State Domestic Product (GSDP), revenue receipts and tax collections. And by doing this they reinforcing Maharashtra’s position as one of the largest contributors to India’s economy.

Maharashtra Economic Survey 2025-26: Key Economic Indicators

• Growth Projection: The Maharashtra economy 2025-26 is expected to grow at 7.9%, surpassing the national growth estimate of 7.4%.
• GSDP Estimate: The Gross State Domestic Product (GSDP) for 2025-26 is projected at ₹51,00,597 crore.
• Real GSDP: At constant 2011-12 prices, the real GSDP is estimated to reach ₹28,82,699 crore.
• Revenue Receipts: Total revenue receipts for 2025-26 are expected to be ₹5,60,964 crore, higher than the ₹5,36,463 crore revised estimate for 2024-25.
• Tax Revenue: The survey estimates tax revenue at ₹4,77,400 crore, forming the largest share of the state’s revenue.
• Non-Tax Revenue: Non-tax revenue is projected at ₹33,052 crore.
• Revenue Collection Status: By December 2025, the state had already collected ₹3,71,575 crore, which is 66.2% of the budget estimate for the year.

These figures from the Maharashtra Economic Survey 2025-26 indicate stable fiscal performance and sustained economic activity.

Maharashtra Economy 2025-26 and GSDP Growth

• The Maharashtra economy 2025-26 continues to maintain its status as a major economic driver of India.
• The projected GSDP of ₹51 lakh crore reflects the scale of economic activity in the state.
• Maharashtra contributes significantly through sectors such as manufacturing, services, finance, trade and infrastructure.
• The survey suggests that despite global economic uncertainties and domestic fiscal pressures, the state economy remains resilient.
• Higher investments, strong industrial output and expanding service sectors are expected to support the 7.9% economic growth projection.

Maharashtra Economic Survey 2025-26 and Budget Context

• The Maharashtra Economic Survey 2025-26 was presented by Minister of State for Finance Ashish Jaiswal in the state legislative assembly.
• The document provides a detailed overview of the state’s economic performance, fiscal position and projections for the upcoming financial year.
• The survey also comes ahead of the Maharashtra Budget 2026.
• The State Budget which will be presented in the assembly by Chief Minister Devendra Fadnavis on 6 March 2026.
• This will be the second budget of the current Mahayuti government.

Maharashtra Economy 2025-26 Revenue Trends

Revenue projections in the Maharashtra Economic Survey 2025-26 highlight the importance of tax collections and fiscal management.

• Total revenue receipts: ₹5,60,964 crore projected for 2025-26
• Tax revenue share: ₹4,77,400 crore
• Non-tax revenue: ₹33,052 crore
• Revenue collected till Dec 2025: ₹3,71,575 crore

The high share of tax revenue indicates strong economic activity and improved compliance. The state government relies heavily on taxes from sectors such as GST, stamp duty, motor vehicle taxes, and excise.

Question

Q. According to the Maharashtra Economic Survey 2025-26, the state’s projected growth rate for 2025-26 is,

A. 6.5%
B. 7.4%
C. 7.9%
D. 8.5%