Magnetic Maharashtra Mission 2025 - $1 Trillion State GDP - Potential Business Opportunities

Dec 28, 2019,

PUNE: Maharashtra Finance minister and senior NCP leader Jayant Patil said it would be tough to take the state's economy past the USD one trillion mark in six to seven years, a goal previous chief minister Devendra Fadnavis often spoke about at political rallies and investment seminars.

Patil said Maharashtra's economy was growing at 7 per cent and to achieve the USD one trillion mark, it would have to accelerate at 15 per cent annually, which seems improbable.

https://economictimes.indiatimes.com/news/politics-and-nation/getting-maharashtra-economy-past-usd-1-trillion-mark-tough-jayant-patil/articleshow/73009580.cms

States GDP in USA  https://www.bea.gov/news/2020/gross-domestic-product-state-third-quarter-2019

https://simple.wikipedia.org/wiki/List_of_U.S._states_by_GDP

14 February 2018

Magnetic Maharashtra Mission 2025 - $1 Trillion State GDP - Potential Business Opportunities

Opportunities are there at all size levels: Large, Medium, Small and Micro.

Maharashtra Number of Brank Branches: 13111 (2017)

At 100 new micro businesses per branch, 13,11,100 new micro businesses can be started ever year
Make it at least 10 lakhs new micro businesses in the state.

Existing microbusinesses in the state: 47,50,000
Around 10 lakhs businesses can be expanded providing new employment to 10 lakh persons every year.


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Important Economic Areas of Maharashtra 

Common Themes for Progress

In every Sector Themes for Progress:
New Products
New Processes – Technologies
New Capacity
Quality Improvement
Productivity Improvement: Cost Reduction
Export

Important crops

Sorghum (Jowar)
Chickpea
Pigeonpea
Soyabean
Cotton
Sugarcane




Horticulture - Fruits and Vegetables
Onions ,
Banana
Mandarin oranges
Tomatoes
Pomegranates,
Alphonso Mangoes
Seedless grapes



Important minerals


Coal
Managanese ore
Iron ore
Lime stone
Bauxite




Important livestock



Cows - for milk
Buffaloes for milk
Goats -for milk
chicken (For meat)
Hens (for eggs)
Sheep
Pig

Fisheries



Construction

Houses

Commercial

Roads

Manufacturing

Ore Purification
Agricultural Machinery
Automobiles
Chemicals
Communication Equipment and Devices

Computer Hardware
Consumer Machines - Air conditioners, Refrigerators, Washing Machines
Electrical Engineering
Electronics
Food Processing

Furniture and interiors - Metal
Jewellery
Organic Manures and Waste Processing
Paints
Petroleum products

Pharmaceuticals
Plastics
Ship Building
Textiles
Wood working












Services

Financial

Banking

1.Commercial
2. Cooperative

Insurance
3. Life
4. Medical
5. Other General


6. Stock Broking and Wealth Management
7. Corporate Financial Consultancy and Tax Related services

Education

8. Primary
9. High school
10. Degree college
11. PG
12. Phd

13.Tuition classes
14. Hindu tradition institutions
15. Madrassas

Health

16. General practitioners
17. Specialists
Hospitals
18. Government Hospital
19. Private Hospitals


Transport

Road
20. Public - RTC
21. Private buses
22. Taxis, Tourist cars
23. Autos
24. Personal car/scooter/bicycle ownerships
25. Tractor ownership
26. Goods transport

27. Rail
28. Air
29. Water Transport

Electricity
30. Thermal
31. Renewable

32. Water

Sales

33. Retails sales
34. wholesale
35. Real Estate broking



Media
36. Advertising
37. Print media
38. Digital media
39. Printing Press Work

Entertainment

40. Films - Production and Distribution
41. Music concerts & Auditoriums
42. Drama & Theatres
43. Amusement parks

44. TV Channels - Content and Broadcasting
45. YouTube
46. Museums
47. Zoos

Hospitality

48. Hotels
49. Restaurants
50. Marriage Halls
51. Old age homes

Religious Institutions

52. Temples

53. Tourism

54. Business and Management Consultancy

55. Legal Professio nal Services

56. Internet Services

57. Telephone/communications Services

58. Software Development

59. Gas distribution

60. Petrol/Disel Gas pumps

61. Libraries

61. Physical Fitness

62. Sanitation and Waste Collection


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Statistics

https://en.wikipedia.org/wiki/Economy_of_Maharashtra   accessed on 8 March 2020

Statistics
GDP ₹24.11 lakh crore (US$340 billion) (2017–18)
GDP rank 1st
GDP growth 2.8% (2019–20 est.)
GDP per capita ₹176,102 (US$2,500) (2017–18)
GDP per capita rank 11th
GDP by sector
Agriculture: 15%
Industry: 28%
Services: 58% (2017–18)

Labour force by occupation
Agriculture 51%
Industry 9%
Services 40% (2015)

Unemployment 4.9% (2017–18)
Public finances
Public debt
₹4.14 lakh crore (US$58 billion) 15.6% of GSDP (2018–19 est.)
Revenues ₹3.16 lakh crore (US$44 billion) (2019–20 est.)
Expenses ₹4.04 lakh crore (US$57 billion) (2019–20 est.)

Updated on 8 March 2020, 14 February 2018