Maharashtra remains India’s largest state economy, but recent data shows its GSDP growth is the slowest among major states during the post-pandemic recovery period.

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•  Maharashtra continues to be India’s largest state economy with a projected GSDP of ₹42.67 lakh crore in 2024–25 despite recording the slowest growth rate among major states.
•  Between 2021–22 and 2024–25, Maharashtra’s GSDP grew by about 43 percent, trailing behind Karnataka, Gujarat, and Tamil Nadu during the post-pandemic recovery phase.
•  Karnataka recorded the highest growth rate of around 65 percent, driven largely by its strong technology sector and thriving startup ecosystem centered in Bengaluru.
•  Gujarat and Tamil Nadu also outperformed Maharashtra with growth rates of approximately 48 percent and 47 percent, supported by manufacturing and export-oriented industries.
•  Despite slower growth, Maharashtra added nearly ₹12.86 lakh crore to its economy, the highest absolute increase among the four largest state economies.
•  Experts attribute faster growth in other states to strong industrial investments, expansion in digital services, and increased focus on exports and innovation sectors.
•  Analysts suggest that Maharashtra’s recent investments have not yet fully translated into growth due to long gestation periods and structural economic transitions.
•  The four major state economies collectively drive India’s growth, contributing significantly to national output and attracting large domestic and global investments.