Thread: Economy of Maharashtra

The capital of the state Maharashtra is Mumbai. It is the second most urbanized state, which consists of the urban population of 42% of whole population. The state of Maharashtra is the major industrial hub of India. It contributes approximately 40% of national revenue. One of the most important part of the revenue collection comes directly from the Bollywood industry and high profile celebs pay great taxes and revenues to the government. SO the economy is very strong in Maharashtra.

Industry is the backbone of economy of Maharashtra. The state alone accounts for 23% of country’s entire income. Mumbai, the capital is the hub of the country’s textile mills. Different forest based industries and small-scale industries have come up to contribute in the mainstream economy.