“Maharashtra is the country’s first trillion dollar…”; CM Devendra Fadnavis expressed confidence

By Samira Vishwas On Mar 12, 2026

It is necessary to maintain financial discipline for the development of the state
The Chief Minister gave the answer in the Legislative Assembly
About 84 members participated in the discussion on the budget

Mumbai: It is necessary to maintain financial discipline for the development of the state. A lot of capital for this investment has been done. Stating that Maharashtra is emerging as an economically strong state in the country, the Chief Minister believes that Maharashtra will become the first trillion dollar economy in the country in the next few years. Devendra Fadnavis expressed.

Chief Minister Fadnavis was speaking while replying to the general debate on the budget for the year 2026-27 in the Legislative Assembly. About 84 members participated in the discussion on the budget. While replying to the general discussion on the budget, Chief Minister Fadnavis gave detailed information on the state’s financial condition, debt ratio, irrigation, electricity, industry, infrastructure, Jaljeevan Mission, Pradhan Mantri Awas Yojana etc. Chief Minister Fadnavis at the beginning of his speech greeted Chhatrapati Sambhaji Maharaj on his martyrdom day. He also mentioned that the day the budget was presented was Chhatrapati Shivaji Maharaj Jayanti.

Chief Minister Fadnavis said that he has tried to take the state forward through the budget. Despite the difficulties, Maharashtra has the ability to achieve development by maintaining financial discipline. Late Deputy Chief Minister Ajit Pawar consistently maintained financial discipline. Like him, this budget has tried to maintain financial discipline. Chief Minister Fadnavis said that everyone’s cooperation is necessary for the progress of the state.

LIVE | Answer to the general debate on the budget in the assembly
Du. 2.31 p.m. | 11-3-2026Vidhan Bhawan, Mumbai.#Maharashtra #Mumbai #MahaBudget2026
— Devendra Fadnavis (@Dev_Fadnavis) March 11, 2026

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The economy of Maharashtra is growing rapidly

Stating that the economy of the state is expanding rapidly, Chief Minister Fadnavis said that the state has surpassed the economies of Austria, Thailand, Norway, Philippines, Vietnam and Bangladesh. The Chief Minister expressed his belief that Maharashtra can surpass the United Arab Emirates and Singapore in the next two to three years.

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Chief Minister Fadnavis said that the Gross State Product (GSDP) of the state in 2013-14 was around Rs.16 lakh crore. It has increased to Rs 51 lakh crore in the last ten years. The growth rate of the state at constant prices is 7.9 per cent and at current prices is 10.4 per cent. Per capita income has increased from Rs 3,17,800 to Rs 3,47,903. Although Maharashtra accounts for 9.5 percent of the country’s population, the state’s share of the country’s GDP is 14.3 percent. He said Maharashtra tops the country in terms of foreign investment, non-oil exports, startups, unicorns, bank deposits, bank loan disbursement and GST collection. He also mentioned that according to the ‘Forest of India’ report, the state ranks first in tree cover.