Washington: The Maharashtra government is aspiring to make the state the first trillion-dollar economy by 2025, five years early, by investing in infrastructure, agriculture and services and by leveraging foreign investments in various sectors, Chief Minister Devendra Fadnavis has said.
Maharashtra's economy at present is USD 400 billion and at the current growth rate it is destined to become trillion-dollar economy by 2030, he said asserting that he wants to achieve that milestone five years early.
"We want (Maharashtra) to become a trillion-dollar economy by 2025," Fadnavis told a Washington audience here at an event organised jointly by India Initiative of the Georgetown University and the CSIS. Fadnavis gave a detailed presentation of the achievements of the state government in the last nearly four years, including efforts to achieve the goal of a drought-free state, massive investment in the infrastructure sector, including transportation and marching ahead in the new technology sector like artificial intelligence. "We are trying to grab those opportunities," he said.
Ahead of the assembly elections in 2019, Fadnavis said he would come out with a new vision document for the state.
The promises made in the last vision document are in implementation phase and most of them are likely to be completed in the next few years, he said.