Devendra Fadnavis’ Maha push: Maharashtra to become $1 trillion economy by 2025? The road ahead

Maha Push: Stating his strategy for growth in the state of Maharashtra, Chief Minister Devendra Fadnavis said that the state aspires to become a $1 trillion economy by 2025. “If I grow business usual, I would anyway become a trillion dollar economy by 2029. But, I want Maharashtra to become a trillion dollar economy by 2025, because my Prime Minister (Narendra Modi) says India should become a $5 trillion economy by 2025,” he said, while speaking at International Economic Forum.
According to Fadnavis, Maharashtra needs a run rate of 15.4% growth per annum to reach the goal. “We want to make the state a trillion-dollar economy by 2025 and for that we require a growth rate of 15.4 per cent,” Fadnavis said on the second day of the Maharashtra global investor summit held in February this year. Further, he has also delineated a strategy with a clear focus on services sector. “We have a strategy towards that. Basic focus is at the service sector. If you look at our economy, around 60% is from the service sector,” he said adding that the state has been very very successful in attracting FDI. “We have been focussing on building infrastructure.