Maharashtra will be a trillion-dollar economy: CM

devendrafadnavis1By Accommodation Times Bureau

Maharashtra is tracking towards entitling itself a trillion-dollar economy, gaining momentum with the infrastructural development in the last three years, with the state attracting more than half of the total foreign direct investment (FDI) in the country last fiscal – said the state’s chief minister Devendra  Fadnavis, at the fifth edition of the ‘Progressive Maharashtra Summit’, organized by industry body FICCI. Fadnavis informed here that the state has accounted for more than half of the country’s total foreign direct investment last year, reveals the confidence of global investors in Maharashtra.

Delhi, Karnataka and Gujarat, had posed a very close competition to Maharashtra in terms of attracting FDI, but in 2016-17, nearly 53 per cent came into Maharashtra, out of the total FDI. Mr.Fadnavis said that this made Maharashtra the undisputed leader. Fadnavis emphasized that the reforms that were taken up by the government, were paving a way to establish India globally competitive.

“We have the demography, democracy and demand,” he said, adding that when the world population is ageing, 50 per cent of India’s population is under 35. “This demographic dividend can be leveraged, to transform Maharashtra into a manufacturing hub to cater to domestic and global demand,” he explained.

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