Economic advisory council makes presentation before cabinet to raise Maharashtra economy to $1 trillion

The council, headed by Tata Sons chairman N Chandrasekaran, was formed in December 2022 and had submitted its report in July 2023 to the state government.

maharashtra economic advisory council presentation

The report has also recommended infrastructure projects and economic development programmes in Mumbai and Mumbai Metropolitan Region (MMR).

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The state economic advisory council on Friday made a presentation of 341 recommendations before the Maharashtra cabinet to take its economy to $1 trillion.

The council, headed by Tata Sons chairman N Chandrasekaran, was formed in December 2022 and had submitted its report in July 2023 to the state government.

According to the presentation made by CEO of Maharashtra Institution for Transformation (MITRA) – a state’s think tank formed on the lines of Niti Aayog – the recommendations to take the state’s economy to $1 trillion include raising Maharashtra’s GDP to 17%.

The recommendations include 18% growth in fabrication and electric vehicle production, achieving 13% growth rate in agriculture sector, strengthening farmer producer associations, bringing more funds from National Bank for Agriculture and Rural Development (NABARD) and other sources to speed up the completion of irrigation projects, identifying 75 irrigation projects which are completed up to 40% and speeding up the completion work.

The report has also recommended infrastructure projects and economic development programmes in Mumbai and Mumbai Metropolitan Region (MMR), creating 15 million jobs in skill development by 2028, bringing important changes in health, tourism and power sector for development and equitable development in districts by focusing on 27 specific tehsils in 15 districts.

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