Maha economy to grow at 7.9 pc in 2025-26, public debt to be Rs 9.32 lakh crore

MUMBAI: Maharashtra's economy is set to grow at 7.9 per cent in 2025-26 against the India’s growth rate of 7.6 per cent especially due to a record collection of Goods and Services Tax and favourable market conditions.

Maharashtra continues to be the growth engine of the country. The nominal Gross State Domestic Product (GSDP) at current prices is expected to grow by 10.4 per cent. According to the Economic Survey for 2025-26 presented by the Minister of State for Finance Ashish Jaiswal on Thursday in the state Assembly, the agriculture and allied sector is expected to grow at 3.4 per cent, industry sector at 5.7 per cent and services sector 9 per cent.

As per the advanced estimates nominal at current price GSDP for 2025-26 is estimated at Rs 51,00,597 crore and real GDP at constant 2011-12 prices is estimated at Rs 28,82,699 crore.

The fiscal deficit is estimated at 2.7 per cent of the GSDP, revenue deficit 0.9 per cent of GSDP and public debt 18.3 per cent of GSDP. The public debt is expected to be Rs 9,32,242 crore in 2025-26 against Rs 8,39,242 crore in 2024-25.