Maharashtra Economic Survey Pegs State Growth At 7.5% In 2018-19
Maharashtra is expected to grow at 7.5 per cent for 2018-19, the Economic Survey released by the state government revealed. The Maharashtra state Finance Minister Sudhir Mungantiwar tabled the survey on Monday on the first day of monsoon session of the Assembly. However, the disappointment came in the agriculture and allied industries. For the year 2018-19, agriculture has registered a growth of 0.4 per cent, a decline of 2.7 per cent over last year.
"The decline is majorly due to deficient rainfall," said Sudhir Mungantiwar.
The state is currently under drought where out of 355 talukas, 192 received deficient rainfall. The industries sector has also shown a decline of 0.7 per cent. In 2018-19, it is estimated to grow at 6.9 per cent as against 7.6 per cent last year.
However, according to Economic Survey, the service sector has shown a growth of 1 per cent over last year. It is estimated at 9.2 per cent for year 2018-19. The other highlights show that the debt stock of the state stood at Rs. 4.14 lakh crore for 2018-19.
However, the leader of opposition in Legislative Council Dhananjay Munde raised doubts on the Economic survey.
"These figures need to be checked by economists as numbers could be inflated," he said.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
