Maharashtra, the frontier for Viksit Bharat with the subtitle – Going Beyond Trillion Dollar Dream
A new Thought Leadership note by Primus Partners titled “Why Global Investors Bet Big on Maharashtra’s USD 1 Trillion Dream” underscores the structural strengths positioning Maharashtra as India’s most investable state economy and a preferred destination for long term global capital. The analysis presents an investor centric perspective on the State’s growth trajectory, highlighting economic scale, infrastructure readiness, industrial depth, and policy continuity as core drivers of investment confidence.
According to the report, Maharashtra’s nominal GSDP is projected at approximately USD 578 billion in FY25–26, reaffirming its position as India’s largest sub national economy and accounting for nearly 14 percent of national GDP while attracting close to one third of foreign direct investment inflows.
The study indicates that reaching the USD 1 trillion milestone will require sustained expansion at around 15 percent CAGR, supported by capital deployment, technology driven productivity, and sectoral value creation across manufacturing, trade, and financial services.
The findings emphasise that the State’s growth platform is anchored in diversified fundamentals, including a services sector contributing 64 percent of GSVA, an enterprise base of nearly 8.9 million registered firms, and an export ecosystem accounting for roughly USD 65.86 billion or about 15 percent of India’s total exports.
Infrastructure capacity at a nation state scale — spanning major port connectivity, logistics infrastructure, highways, rail networks, and airports — alongside an estimated USD 100 billion pipeline of infrastructure investments further strengthens investor confidence.
The Thought Leadership also highlights industrial readiness as a differentiator, citing more than 300 industrial areas and an industrial land bank of approximately 2,50,000 acres, with additional capacity under development, enabling faster project grounding and cluster based manufacturing.
Digital infrastructure is emerging as another pillar, with nearly 63 percent of India’s data centre capacity concentrated in the Mumbai Pune region, strengthening the State’s position as a hub for digital and data intensive industries.
Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra, said:
“Maharashtra’s journey toward becoming a USD 1 trillion economy is rooted in strong fundamentals, policy continuity, and a sustained commitment to reform and partnership. By strengthening infrastructure, manufacturing depth, digital capability, and a future ready workforce, we are building an environment where global investors can plan with confidence and scale with certainty.”
The note underscores that Maharashtra’s long standing track record of absorbing global capital — accounting for around 31 percent of cumulative FDI equity inflows into India — reflects institutional depth, execution capability, and investor trust in governance frameworks.
Nilaya Varma, Co founder and Group CEO, Primus Partners, said:
“Maharashtra stands out among sub national economies for its combination of scale, stability, and execution capability. Its manufacturing depth, leadership in finance and services, expanding logistics networks, and skilled workforce collectively create a resilient platform for sustained value creation and long term capital deployment.”
The report concludes that Maharashtra offers global investors an integrated investment platform where industrial clusters, logistics corridors, financial hubs, and digital infrastructure operate in tandem — enabling capital to scale efficiently within a single geography and supporting durable multi cycle value creation.
