07-Mar-2025 07:40 PM
6411
Mumbai, Mar 7 (Reporter) Maharashtra’s economy is expected to grow at 7.3 per cent in the year 2024-25, according to the government’s pre-Budget Economic Survey tabled in the Assembly Friday.
The survey, which was tabled by Deputy Chief Minister Ajit Pawar in the Maharashtra Assembly, said the projected national rate is expected to grow at 6.5 per cent.
Maharashtra stands at fourth rank in terms of per capita income for the year 2023-24 with Telangana being the first. The Per Capita State Income for 2024-25 as per advance estimates is Rs 3,09,340 as against Rs 2,78,681 as per first advance estimates for 2023-24.
According to the Economic Survey , agriculture and allied activities are expected to grow at 8.7 per cent compared to 3.2 per cent last year. However, the industry will grow at 4.9 per cent during the current fiscal year against 6.2 per cent last year, and the services sector at 7.8 per cent during the current fiscal year against 8.3 per cent last year.
Maharashtra's debt stock for 2024-25 is estimated at Rs 7,82,991 crore against Rs 7,11,278 crore (RE). The debt of Rs 7,82,991 crore is 17.3 per cent of the gross state domestic product, which is well within the 25 per cent limit recommended by the Finance Commission.
As per the first revised estimates, the share of the state's nominal GSDP in All-India nominal GDP is highest (13.5 per cent) during 2023-24. The Per Capita State Income for 2024-25 is estimated at Rs 3,09,340 against Rs 2,78,681 for 2023-24. The Revenue receipts of the state are expected to be Rs 4,99,463 crore for 2024-25 (BE) as against Rs 4,86,116 crore for 2023-24 (RE). The tax and nontax revenue (including central grants) for 2024-25 (BE) are expected to be Rs 4,19,972 crore and Rs 79,491 crore, respectively. Actual revenue receipts during 2024-25 up to January were Rs 3,81,080 crore (76.3 per cent of BE).
The revenue expenditure of the state is expected to be Rs 5,19,514 crore as per 2024-25 (BE) as against Rs 5,05,647 crore in 2023-24 (RE). During 2024-25 up to January, the actual revenue expenditure was Rs 3,52,141 crore (67.8 per cent of BE). As per 2024-25 (BE), the share of capital receipts in total receipts and share of capital expenditure in total expenditure is expected to be 24.1 per cent and 22.4 per cent, respectively.
As per 2024-25 (BE), the percentage of fiscal deficit to GSDP, revenue deficit to GSDP and debt stock to GSDP is expected to be 2.4 per cent, 0.4 per cent and 17.3 per cent, respectively. The total outlay for Annual Plan 2024-25 is Rs 1,92,000 crore, of which Rs 23,528 crore is for the District Annual Plan...////...