Maharashtra

Maharashtra is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the second-most populous state in India and the second-most populous country subdivision globally. It was formed on 1 May 1960 by splitting the bilingual Bombay State, which had existed since 1956, into majority Marathi-speaking Maharashtra and Gujarati-speaking Gujarat. Maharashtra is home to the Marathi people, the predominant ethno-linguistic group, who speak the Marathi language, the official language of the state. The state is divided into 6 divisions and 36 districts, with the state capital being Mumbai, the most populous urban area in India, and Nagpur serving as the winter capital, which also hosts the winter session of the state legislature. Godavari and Krishna are the two major rivers in the state. Forests cover 16.47 % of the state's geographical area. Out of the total cultivable land in the state, about 60 per cent is used for grain crops in the Deccan region, rice in coastal Konkan, and other high rainfall areas.

Spread over 307,713 km2 (118,809 sq mi), Maharashtra is the third-largest state by area in India. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to the southeast and Chhattisgarh to the east, Gujarat and Madhya Pradesh to the north, and the Indian union territory of Dadra and Nagar Haveli and Daman and Diu to the northwest. The state has three international airports, Chhatrapati Shivaji Maharaj International Airport (Mumbai), Dr. Babasaheb Ambedkar International Airport (Nagpur), and Pune Airport. The state is home to three railways headquarters viz. Central Railway , Konkan Railway and Western Railway (Churchgate). The High Court of the state viz. Bombay High Court is located in Mumbai. The state contributes 48 seats and 19 seats to the lower house Lok Sabha and the upper house Rajya Sabha, respectively. Maharashtra has been subject to President's rule three times since its formation for a total of 156 days for different reasons. More than three-fourths of the population practice Hinduism, which is followed by Islam and Buddhism. The state is home to four UNESCO World Heritage Sites: Ajanta, Ellora and Elephanta caves, and the Chhatrapati Shivaji Maharaj Terminus (formerly Victoria Terminus).

Maharashtra is one of the most industrialised states in India. The state's capital, Mumbai is India's financial and commercial capital. India's largest stock exchange Bombay Stock Exchange, the oldest in Asia, is located in the city. The state has played a significant role in the country's social and political life and is widely considered a leader in terms of agricultural and industrial production, trade and transport, and education. Maharashtra is among the most developed Indian states and continues to be the single largest contributor to the national economy with a share of 14 per cent in all-India nominal GDP. The economy of Maharashtra is the largest in India, with a gross state domestic product (GSDP) of ₹31.97 trillion (US$420 billion) and GSDP per capita of ₹225,073 (US$3,000). The service sector dominates state's economy, accounting for 69.3 per cent of the value of the output of the country. Although agriculture accounts for 12 per cent of the state GDP, it employs nearly half the population of the state. Maharashtra is the fifteenth-highest ranking among Indian states in the human development index.

The region that encompasses the state has a history going back many millennia. Prior to Indian independence, notable dynasties and entities that ruled the region include in a chronologial order, the Maurya, the Western Satraps, the Satavahana dynasty, Rashtrakuta dynasty, Western Chalukyas, the Bahamanis, Deccan sultanates, Mughals, the Maratha Empire founded by Shivaji, and the British. Ruins, monuments, tombs, forts, and places of worship left by these rulers are dotted around the state. The state is home to four UNESCO World Heritage Sites: Ajanta, Ellora and Elephanta caves and the Chhatrapati Shivaji Maharaj Terminus (formerly Victoria Terminus). At the time of the Indian independence movement in the early 20th century, along with British ruled areas of Bombay presidency, and Central Provinces and Berar, the region included many British Vassal states. Among these, the erstwhile Hyderabad state was the largest and extended over many modern Indian states. Other states grouped under Deccan States Agency included Kolhapur, Miraj, Sangli, Aundh, Bhor, and Sawantwadi.

Etymology

The modern Marathi language evolved from the Maharashtri Prakrit,[14] and the word Marhatta (later used for the Marathas) is found in the Jain Maharashtri literature. The term Maharashtra (Marathi: महाराष्ट्र) along with Maharashtri, Marathi, and Maratha may have derived from the same root. However, their exact etymology is uncertain.

The most widely accepted theory among the linguistic scholars is that the words Maratha and Maharashtra ultimately derived from a combination of Mahā (Marathi: महा) and Rāshtrikā (Marathi: राष्ट्रिका), the name of a tribe or dynasty of chiefs ruling in the Deccan region. An alternate theory states that the term is derived from Mahā ("great") and ratha/rathi (chariot/charioteer), which refers to a skilful northern fighting force that migrated southward into the area.

An alternative theory states that the term derives from the word Mahā ("great") and Rāshtra ("nation/dominion"). However, this theory is somewhat controversial among modern scholars who believe it to be the sanskritised interpretation of later writers.

History

Numerous Late Harappan or Chalcolithic sites belonging to the Jorwe culture (ca. 1300–700 BCE) have been discovered throughout the state. The largest settlement discovered of the culture is at Daimabad., which had a mud fortification during this period, as well as an elliptical temple with fire pits. In the Late Harappan period there was a large migration of people from Gujarat to northern Maharashtra.

Maharashtra was under the Maurya Empire in the fourth and third centuries BCE. Around 230 BCE, Maharashtra came under the rule of the Satavahana dynasty who ruled it for the next 400 years. The greatest ruler of the Satavahana dynasty was Gautamiputra Satakarni. The Satavahana dynasty was followed by Western Satraps, Gupta Empire, Gurjara-Pratihara, Vakataka, Kadambas, Chalukya Empire, Rashtrakuta Dynasty, and Western Chalukya and the Yadava rule. The Buddhist Ajanta Caves in present-day Aurangabad display influences from the Satavahana and Vakataka styles. The caves were possibly excavated during this period.

The Chalukya dynasty ruled from the sixth to the eighth centuries CE, and the two prominent rulers were Pulakeshin II, who defeated the north Indian Emperor Harsha, and Vikramaditya II, who defeated the Arab invaders in the eighth century. The Rashtrakuta dynasty ruled Maharashtra from the eighth to the tenth century.

The Arab traveller Sulaiman al Mahri described the ruler of the Rashtrakuta dynasty Amoghavarsha as "one of the four great kings of the world".Shilahara dynasty began as vassals of the Rashtrakuta dynasty which ruled the Deccan plateau between the eighth and tenth centuries. From the early 11th century to the 12th century, the Deccan Plateau, which includes a significant part of Maharashtra, was dominated by the Western Chalukya Empire and the Chola dynasty. Several battles were fought between the Western Chalukya Empire and the Chola dynasty in the Deccan Plateau during the reigns of Raja Raja Chola I, Rajendra Chola I, Jayasimha II, Someshvara I, and Vikramaditya VI.

In the early 14th century, the Yadava dynasty, which ruled most of present-day Maharashtra, was overthrown by the Delhi Sultanate ruler Alauddin Khalji. Later, Muhammad bin Tughluq conquered parts of the Deccan, and temporarily shifted his capital from Delhi to Daulatabad in Maharashtra. After the collapse of the Tughluqs in 1347, the local Bahmani Sultanate of Gulbarga took over, governing the region for the next 150 years. After the break-up of the Bahamani sultanate in 1518, Maharashtra split into five Deccan Sultanates: Nizamshah of Ahmednagar, Adilshah of Bijapur, Qutubshah of Golkonda, Bidarshah of Bidar and Imadshah of Elichpur. These kingdoms often fought with each other. United, they decisively defeated the Vijayanagara Empire of the south in 1565. The present area of Mumbai was ruled by the Sultanate of Gujarat before its capture by Portugal in 1535 and the Faruqi dynasty ruled the Khandesh region between 1382 and 1601 before finally getting annexed in the Mughal Empire. Malik Ambar, the regent of the Nizamshahi dynasty of Ahmednagar from 1607 to 1626, increased the strength and power of Murtaza Nizam Shah II and raised a large army. Malik Ambar is said to have been a proponent of guerrilla warfare in the Deccan region. Malik Ambar assisted Mughal emperor Shah Jahan in Delhi against his stepmother, Nur Jahan, who wanted to enthrone her son-in-law.

In the early 17th century, Shahaji Bhosale, an ambitious local general who had served the Ahmadnagar Sultanate, the Mughals and Adil Shah of Bijapur at different periods throughout his career, attempted to establish his independent rule. His son Shivaji succeeded in establishing the Maratha Empire which was further expanded during the 18th century by the Bhat family Peshwas based in Pune. The Marathas under the Peshwas, Bhonsale of Nagpur, Gaekwad of Baroda, Holkar of Indore, Scindia of Gwalior and Puars of Dewas and Dhar defeated the Mughals and conquered large territories in the northern and central parts of the Indian subcontinent. At its peak, the Maratha empire covered much of the subcontinent, encompassing a territory of over 2.8 million km2. The Marathas are credited to a large extent for ending the Mughal rule in India. After their defeat at the hand of Ahmad Shah Abdali's Afghan forces in the Third Battle of Panipat in 1761, the Maratha suffered a setback. However, they soon reclaimed the lost territories and ruled central and north India including New Delhi until the end of the eighteenth century. The Third Anglo-Maratha War (1817–1818) led to the end of the Maratha Empire and the East India Company took over the empire. The Marathas also developed a potent Navy circa in the 1660s, which at its peak, dominated the territorial waters of the western coast of India from Mumbai to Savantwadi. It resisted the British, Portuguese, Dutch, and Siddi naval ships and kept a check on their naval ambitions. The Maratha Navy dominated till around the 1730s, was in a state of decline by the 1770s and ceased to exist by 1818.

The British East India Company gained Mumbai in the early 17th century, and became one of their major trading ports. The Company slowly expanded areas under its rule during the 18th century.

The British governed western Maharashtra as part of the Bombay Presidency, which spanned an area from Karachi in Pakistan to northern Deccan. A number of the Maratha states persisted as princely states, retaining autonomy in return for acknowledging British suzerainty. The largest princely states in the territory were Nagpur, Satara and Kolhapur; Satara was annexed to the Bombay Presidency in 1848, and Nagpur was annexed in 1853 to become Nagpur Province, later part of the Central Provinces. Berar, which had been part of the Nizam of Hyderabad's kingdom, was occupied by the British in 1853 and annexed to the Central Provinces in 1903. However, a large region called Marathwada remained part of the Nizam's Hyderabad State throughout the British period. The British ruled Maharashtra region from 1818 to 1947 and influenced every aspect of life for the people of the region. They brought several changes to the legal system, built modern means of transport including roads and Railways, took various steps to provide mass education, including that for previously marginalised classes and women, established universities based on western system and imparting education in science, technology, and western medicine, standardised the Marathi language, and introduced mass media by utilising modern printing technologies.

The 1857 war of independence had many Marathi leaders, though the battles mainly took place in northern India. The modern struggle for independence started taking shape in the late 1800s with leaders such as Bal Gangadhar Tilak, Justice Mahadev Govind Ranade, Gopal Krishna Gokhale, Pherozeshah Mehta and Dadabhai Naoroji evaluating the company rule and its consequences. Jyotirao Phule was the pioneer of social reform in the Maharashtra region in the second half of the 19th century. His social work was continued by Shahu, Raja of Kolhapur and later by B. R. Ambedkar. After the partial autonomy given to the states by the Government of India Act 1935, B. G. Kher became the first Chief Minister of the Congress party-led Government of tri-lingual Bombay Presidency. The ultimatum to the British during the Quit India Movement was given in Mumbai and culminated in the transfer of power and independence in 1947.

After Indian independence, princely states and Jagirs of the Deccan States Agency were merged into Bombay State, which was created from the former Bombay Presidency in 1950. In 1956, the States Reorganisation Act reorganised the Indian states along linguistic lines, and Bombay Presidency State was enlarged by the addition of the predominantly Marathi-speaking regions of Marathwada (Aurangabad Division) from erstwhile Hyderabad state and Vidarbha region from the Central Provinces and Berar. The southernmost part of Bombay State was ceded to Mysore. In the 1950s, Marathi people strongly protested against bilingual Bombay state under the banner of Samyukta Maharashtra Samiti. The notable leaders of the samiti included Keshavrao Jedhe, S.M. Joshi, Shripad Amrit Dange, Pralhad Keshav Atre and Gopalrao Khedkar. The key demand of the samiti called for a Marathi speaking state with Mumbai as its capital. In the Gujarati speaking areas of the state, a similar Mahagujarat Movement demanded a separate Gujarat state comprising majority Gujarati areas. After many years of protests, which saw 106 deaths amongst the protestors, and electoral success of the samiti in 1957 elections, the central government led by Prime minister Nehru yielded to public pressure and split Bombay State into two new states of Maharashtra and Gujarat on 1 May 1960.

The state continues to have a dispute with Karnataka regarding the region of Belgaum and Karwar. The Government of Maharashtra was unhappy with the border demarcation of 1957 and filed a petition to the Ministry of Home affairs of India. Maharashtra claimed 814 villages, and 3 urban settlements of Belagon, Karwar and Nippani, all part of then Bombay Presidency before freedom of the country. A petition by Maharashtra in the Supreme Court of India, staking a claim over Belagon, is currently pending.

Geography

Maharashtra with a total area of 307,713 km2 (118,809 sq mi), is the third-largest state by area in terms of land area and constitutes 9.36 per cent of India's total geographical area. The State lies between 15°35' N to 22°02' N latitude and 72°36' E to 80°54' E longitude. It occupies the western and central part of the country and has a coastline stretching 840 kilometres along the Arabian Sea. The dominant physical feature of the state is its plateau character, which is separated from the Konkan coastline by the mountain range of the Western Ghats, which runs parallel to the coast from north to south.The Western Ghats, also known as the Sahyadri Range, has an average elevation of 1,200 metres (4,000 ft); its slopes gently descending towards the east and southeast. The Western Ghats (or the Sahyadri Mountain range) provide a physical barrier to the state on the west, while the Satpura Hills along the north and Bhamragad-Chiroli-Gaikhuri ranges on the east serve as its natural borders. This state's expansion from North to South is 700 km and East to West is 800 km. To the west of these hills lie the Konkan coastal plains, 50–80 kilometres in width. To the east of the Ghats lies the flat Deccan Plateau.

The main rivers of the state are the Krishna, and its tributary, Bhima, the Godavari, and its main tributaries, Manjara, and Wardha-Wainganga and the Tapi, and its tributary Purna. Maharashtra is divided into five geographic regions. Konkan is the western coastal region, between the Western Ghats and the sea. Khandesh is the north region lying in the valley of the Tapti, Purna river. Nashik, Malegaon Jalgaon, Dhule and Bhusawal are the major cities of this region. Desh is in the center of the state. Marathwada, which was a part of the princely state of Hyderabad until 1956, is located in the southeastern part of the state. Aurangabad and Nanded are the main cities of the region. Vidarbha is the easternmost region of the state, formerly part of the Central Provinces and Berar.

The state has limited area under irrigation, low natural fertility of soils, and large areas prone to recurrent drought. Due to this the agricultural productivity of Maharashtra is generally low as compared to the national averages of various crops. Maharashtra has been divided in to nine agro-climatic zones on the basis of annual rainfall soil types, vegetation and cropaing pattern.

Climate

Maharashtra experiences a tropical monsoon climate with hot, rainy, and cold weather seasons and dry summers. The month of March marks the beginning of the summer and the temperature rises steadily until June. In the central plains, summer temperatures rise to between 40 °C or 104.0 °F and 45 °C or 113.0 °F.May is usually the warmest and January the coldest month of the year. The winter season lasts until February with lower temperatures occurring in December and January. On the Deccan plateau that lies on eastern side of the Sahyadri mountains, the climate is drier, however, dew and hail often occur, depending on seasonal weather.

The rainfall patterns in the state vary by the topography of different regions.The state can be divided into four meteorological regions, namely coastal Konkan, Western Maharashtra, Marathwada, and Vidarbha. The southwest monsoon usually arrives in the last week of June and lasts till mid-September. Pre-monsoon showers begin towards the middle of June and post-monsoon rains occasionally occur in October. The highest average monthly rainfall is during July and August. In the winter season, there may be a little rainfall associated with western winds over the region. The Konkan coastal area, west of the Sahyadri Mountains receives very heavy monsoon rains with an annual average of more than 3,000 mm. However, just 150 km to the east, in the rain shadow of the mountain range, only 500–700 mm/year will fall, and long dry spells leading to drought are a common occurrence. Maharashtra has many of the 99 Indian districts identified by the Indian Central water commission as prone to drought. The average annual rainfall in the state is 1,181 mm and 75 per cent of it is received during the southwest monsoon from June–to September. However, under the influence of the Bay of Bengal, eastern Vidarbha receives good rainfall in July, August, and September.

Thane, Raigad, Ratnagiri, and Sindhudurg districts receive heavy rains of an average of 2,000 to 2,500 mm or 80 to 100 in and the hill stations of Matheran and Mahabaleshwar over 5,000 mm or 200 in. Contrariwise, the rain shadow districts of Nashik, Pune, Ahmednagar, Dhule, Jalgaon, Satara, Sangli, Solapur, and parts of Kolhapur receive less than 1,000 mm or 40 in annually. In winter, a cool dry spell occurs, with clear skies, gentle air breeze, and pleasant weather that prevails from October to February, although the eastern Vidarbha region receives rainfall from the North-East Monsoon.

Flora and fauna

The state has three crucial biogeographic zones, namely Western Ghats, Deccan Plateau, and the West coast. The Ghats nurture endemic species, Deccan Plateau provides for vast mountain ranges and grasslands while the coast is home to littoral and swamp forests. Flora of Maharashtra is heterogeneous in composition. In 2012 the recorded thick forest area in the state was 61,939 km2 (23,915 sq mi) which was about 20.13 per cent of the state's geographical area. There are three main Public Forestry Institutions (PFIs) in the Maharashtra state: the Maharashtra Forest Department (MFD), the Forest Development Corporation of Maharashtra (FDCM) and the Directorate of Social Forestry (SFD). The Maharashtra State Biodiversity Board, constituted by the Government of Maharashtra in January 2012 under the Biological Diversity Act, 2002, is the nodal body for the conservation of biodiversity within and outside forest areas in the State.

Maharashtra is ranked second among the Indian states in terms of the recorded forest area. Recorded Forest Area (RFA) in the state is 61,579 sq mi (159,489 km2) of which 49,546 sq mi (128,324 km2) is reserved forests, 6,733 sq mi (17,438 km2) is protected forest and 5,300 sq mi (13,727 km2) is unclassed forests. Based on the interpretation of IRS Resourcesat-2 LISS III satellite data of the period Oct 2017 to Jan 2018, the State has 8,720.53 sq mi (22,586 km2) under Very Dense Forest(VDF), 20,572.35 sq mi (53,282 km2) under Moderately Dense Forest (MDF) and 21,484.68 sq mi (55,645 km2) under Open Forest (OF). According to the Champion and Seth classification, Maharashtra has five types of forests:

  • Southern Tropical Semi-Evergreen forests - These are found in the western ghats at a height of 400–1000 meters. Anjani, Hirda, Kinjal, and Mango are predominant tree species found here.
  • Southern Tropical Moist Deciduous forests-These are a mix of Moist Teak bearing forests (Melghat) and Moist Mixed deciduous forests (Vidarbha and Thane district). Commercially important Teak, Shishum, and bamboo are found here. In addition to evergreen Teak, some of the other tree species found in this type of forest include Jambul, Ain, and Shisam
  • Southern Tropical Dry Deciduous forests-these occupy a major part of the state. Southern Tropical Thorn forests are found in the low rainfall regions of Marathwada, Vidarbha, Khandesh, and Western Maharashtra. At present, these forests are heavily degraded. Babul, Bor, and Palas are some of the tree species found here.
  • Littoral and Swamp forests are mainly found in the Creeks of Sindhudurg and Thane districts of the coastal Konkan region. The state harbours significant mangrove, coastal and marine biodiversity, with 304 km2 (117 sq mi) of the area under mangrove cover as per the India State of Forest Report of the Forest survey India in the coastal districts of the state.

The most common animal species present in the state are monkeys, wild pigs, tiger, leopard, gaur, sloth bear, sambar, four-horned antelope, chital, barking deer, mouse deer, small Indian civet, golden jackal, jungle cat, and hare. Other animals found in this state include reptiles such as lizards, scorpions and snake species such as cobras and kraits, etc. The state provides legal protection to its tiger population through six dedicated tiger reserves under the precincts of the National Tiger Conservation Authority.

The state's 720 kilometres of sea coastline of the Arabian sea marks presence of various types of fish and marine animals. Zoological Survey of India (ZSI) found 1527 marine animal species, including Molluscs with 581 species, many Crustacean species including Crabs, Shrimps, and Lobsters, 287 fish species, and 141 species types of Aanelids.

Demographics

According to the provisional results of the 2011 national census, Maharashtra was at that time the richest state in India and the second-most populous state in India with a population of 112,374,333. Contributing to 9.28 per cent of India's population, males and females are 58,243,056 and 54,131,277, respectively.The total population growth in 2011 was 15.99 per cent while in the previous decade it was 22.57 per cent. Since independence, the decadal growth rate of population has remained higher than the national average. However, in the year 2011, it was found to be lower than the national average. The 2011 census for the state found 55 % of the population to be rural with 45 per cent being urban-based. Although, India hasn't conducted a caste-wise census since Independence, based on the British era census of 1931, it is estimated that the Maratha and the Maratha-kunbi numerically form the largest caste cluster with around 32 per cent of the population. Maharashtra has a large Other Backward Class population constituting 41 per cent of the population. The scheduled tribes include Adivasis such as Thakar, Warli, Konkana and Halba. The 2011 census found scheduled castes and scheduled tribes to account for 11.8 % and 8.9 per cent of the population, respectively. The state also includes a substantial number of migrants from other states of India. Uttar Pradesh, Gujarat, and Karnataka account for the largest percentage of migrants to the Mumbai metropolitan area.

According to the 2011 census, Hinduism was the principal religion in the state at 79.8 per cent of the total population, while Muslims constituted 11.5 per cent of the total population. Buddhism accounted for 5.8 per cent of Maharashtra's total population, with 6,531,200 followers, which is 77.36 per cent of all Buddhists in India. Sikhs, Christians, and Jains constituted 0.2 per cent, 1.0 per cent, 1.2 per cent of the population respectively. Maharashtra, and particularly the city of Mumbai, is home to two tiny religious communities. This includes 5000 jews, mainly belonging to the Bene Israel, and Baghdadi Jewish communities. Parsi is the other community who follow Zoroastrianism. The 2011 census recorded around 44,000 parsis in Maharashtra.

The 2011 census reported the human sex ratio is 929 females per 1000 males, which were below the national average of 943. The density of Maharashtra was 365 inhabitants per km2 which was lower than the national average of 382 per km2. Since 1921, the populations of Ratnagiri and Sindhudurg shrank by −4.96 per cent and −2.30 per cent, respectively, while the population of Thane grew by 35.9 per cent, followed by Pune at 30.3 per cent. The literacy rate is 83.2 per cent, higher than the national rate at 74.04 per cent. Of this, male literacy stood at 89.82 per cent and female literacy 75.48 per cent. Marathi is the official language although different regions have their own dialects. Most people speak regional languages classified as dialects of Marathi in the census. Powari, Lodhi, and Varhadi are spoken in the Vidarbha region, Dangi is spoken near the Maharashtra-Gujarat border, Bhil languages are spoken throughout the northwest part of the state, Khandeshi is spoken in Khandesh region. Other notable languages spoken in the state include Gondi, Korku, Konkani, and Malvani. The Hindi language is mainly predominant in the Mumbai metropolitan area and other urban centers of Pune and Nagpur. Urdu and its dialect, the Dakhni are spoken mainly by the Muslim population of the state. Muslims in Maharashtra as well as other regions of the Deccan consider Dakhni to be their first language nevertheless a majority of them consider themselves as multi-lingual.

Economy

The economy of Maharashtra is driven by manufacturing, international trade, Mass Media (television, motion pictures, video games, recorded music), aerospace, technology, petroleum, fashion, apparel, and tourism. Maharashtra is the most industrialised state and has maintained the leading position in the industrial sector in India. The State is a pioneer in small scale industries. Mumbai, the capital of the state and the financial capital of India, houses the headquarters of most of the major corporate and financial institutions. India's main stock exchanges and capital market and commodity exchanges are located in Mumbai. The state continues to attract industrial investments from domestic as well as foreign institutions. Maharashtra has the largest proportion of taxpayers in India and its share markets transact almost 70 per cent of the country's stocks.

The Service sector dominates the economy of Maharashtra, accounting for 61.4 per cent of the value addition and 69.3 per cent of the value of output in the state. The state's per-capita income in 2014 was 40 per cent higher than the all-India average in the same year. The gross state domestic product (GSDP) at current prices for 2021-22 is estimated at $420 billion and contributes about 14.2 per cent of the GDP. The agriculture and allied activities sector contributes 13.2 per cent to the state's income. In 2012, Maharashtra reported a revenue surplus of ₹1524.9 million (US$24 million), with total revenue of ₹1,367,117 million (US$22 billion) and spending of ₹1,365,592.1 million (US$22 billion). Maharashtra is the largest FDI destination of India. The FDI inflows in the State since April 2000 to September 2021 was ₹9,59,746 crore, which was 28.2 per cent of total FDI inflows at All-India level. With a total of 11,308 startups, Maharashtra has the highest number of recognised startups.

Maharashtra contributes 25 per cent of the country's industrial output and is the most indebted state in the country. Industrial activity in state is concentrated in Seven districts: Mumbai City, Mumbai Suburban, Thane, Aurangabad, Pune, Nagpur, and Nashik. Mumbai has the largest share in GSDP (19.5 per cent), both Thane and Pune districts contribute about same in the Industry sector, Pune district contributes more in the agriculture and allied activities sector, whereas Thane district contributes more in the Services sector. Nashik district shares highest in the agricultural and allied activities sector, but is far behind in the Industry and Services sectors as compared to Thane and Pune districts. Industries in Maharashtra include chemical and chemical products (17.6 per cent), food and food products (16.1 per cent), refined petroleum products (12.9 per cent), machinery and equipment (8 per cent), textiles (6.9 per cent), basic metals (5.8 per cent), motor vehicles (4.7 per cent) and furniture (4.3 per cent). Maharashtra is the manufacturing hub for some of the largest public sector industries in India, including Hindustan Petroleum Corporation, Tata Petrodyne and Oil India Ltd.

Maharashtra has an above-average knowledge industry in India with the Pune Metropolitan area being the leading IT hub in the state. Approximately 25 per cent of the top 500 companies in the IT sector are based in Maharashtra. The state accounts for 28 per cent of the software exports of India. The state houses important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India, the SEBI and the corporate headquarters of numerous Indian companies and multinational corporations. It is also home to some of India's premier scientific and nuclear institutes like BARC, NPCL, IREL, TIFR, AERB, AECI, and the Department of Atomic Energy.

With more than half the population being rural, agriculture and allied industries play an important role in the states’ economy and source of income for the rural population. The agriculture and allied activities sector contributes 12.9 per cent to the state's income. Staples such as rice and millet are the main monsoon crops. Important cash crops include sugarcane, cotton, oilseeds, tobacco, fruit, vegetables, and spices such as turmeric. Animal husbandry is an important agriculture-related activity. The State's share in the livestock and poultry population in India is about 7 per cent and 10 per cent, respectively. Maharashtra was a pioneer in the development of Agricultural Cooperative Societies after independence. It was an integral part of the then Governing Congress party's vision of ‘rural development with local initiative’. A ‘special’ status was accorded to the sugar cooperatives and the government assumed the role of a mentor by acting as a stakeholder, guarantor, and regulator, Apart from sugar, Cooperatives play a crucial role in dairy, cotton, and fertiliser industries.

The banking sector comprises scheduled and non-scheduled banks. Scheduled banks are of two types, commercial and cooperative. Scheduled Commercial Banks (SCBs) in India are classified into five types: State Bank of India and its associates, nationalised banks, private sector banks, Regional Rural Banks, and others (foreign banks). In 2012, there were 9,053 banking offices in the state, of which about 26 per cent were in rural and 54 per cent were in urban areas. Maharashtra has a microfinance system, which refers to small-scale financial services extended to the poor in both rural and urban areas. It covers a variety of financial instruments, such as lending, savings, life insurance, and crop insurance. Three largest urban cooperative banks in India are all based in Maharashtra.

Films

Cinema of India was born in Maharashtra when Dadasaheb Phalke made Raja Harishchandra a movie in 1913. It was a silent film direct by Phalke. Dadasaheb Phalke is widely considered the father of Indian cinema. Raja Harishchandra (1913) was the first Indian movie.

Maharashtra is a prominent location for the Indian entertainment industry, with enormous films, television series, books, and other media being set there. Mumbai has numerous film production studios and it has facilities to produce films. Mainstream Hindi films are popular in Maharashtra, especially in urban areas. Mumbai is the largest center for film and television production and a third of all Indian films are produced in the state. Multimillion-dollar Bollywood productions, with the most expensive costing up to ₹1.5 billion (US$20 million), are filmed there. The Marathi film industry, previously located in Kolhapur, has spread throughout Mumbai. Well known for its art films, the early Marathi film industry included acclaimed directors such as Dadasaheb Phalke and V. Shantaram, Dada Kondke is the most prominent name in Marathi film. The Dadasaheb Phalke Award is India's highest award in cinema, given annually by the Government of India for lifetime contribution to Indian cinema.

Tourism

Maharashtra has a number of places that attracts tourists.The most popular or well known are Mumbai city, Ajanta, Ellora and the Nature reserves in the state. Mumbai, being the biggest and the most cosmopolitan city in India, attracts tourists from all over the world for its many attractions including colonial architecture, beaches, movie industry, shopping, and an active nightlife. The city attracts three million foreign and forty million domestic tourists annually. The state wants to increase the numbers by allowing retailers and entertainment venues to be open 24x7.

Pune, which claims to be called the cultural capital of Maharashtra, along with MTDC organizes many cultural events during Pune festival which coincides with the Hindu Ganeshotsav festival. The British developed many hill stations during the colonial era. These hill stations were popular among British government officials, especially in summer as a relief from the heat. Now, these places attract tourists in huge numbers. The important hill stations in Western Maharashtra are Mahabaleshwar, Lonavala, and Matheran. In the Vidarbha region, Chikhaldara is the only hill station. The mountainous districts of Western Maharashtra are dotted with the ruins of hundreds of mountain forts from the Deccan Sultanate and the Maratha empire eras respectively. These forts and the surrounding hills are popular among people interested in trekking, hiking, and heritage tourism related to Chhatrapati Shivaji.The latter includes forts of Shivaneri, Rajgad, Sinhagad, Raigad, and Pratapgad.

A number of temples such as Trimbakeshwar, Bhavani of Tuljapur, Shani Shingnapur, Jyotiba Temple, Ashtavinayaka Ganapati temples, Lord Pandurang temple at Pandharpur attract huge number of Hindu devotees every year. Khandoba temple at Jejuri in the Pune district attract pilgrims from all over the Maharashtra where worshipers shower each other with Bhandar, Saibaba temple at Shirdi is visited by an average of 25,000 pilgrims a day and during religious festivals, this number can reach up to 300,000. The places associated with the Warkari sect such as Pandharpur, Dehu, and Alandi remain popular throughout the year, and attract huge number of people from all over the state during religious observations. Situated in Nanded, Sikh Gurudwara of Hazur Sahib, also known as Takht Sachkhand Sri Hazur Abchalnagar Sahib, is one of the five takhts in Sikhism. Aurangabad has many ancient and medieval sites including the UNESCO World Heritage Sites of Ajanta and Ellora caves, the Daulatabad Fort, and the Bibi Ka Maqbara.

The Vidarbha region of Maharashtra has numerous nature reserve parks. These include Melghat Tiger Reserve in Amravati district, Tadoba-Andhari Tiger Reserve in Chandrapur district, Umred Karhandla Wildlife Sanctuary in Nagpur district, the Nagzira wildlife sanctuary, and Navegaon National Park of Gondia District.

According to a survey by the government of Maharashtra, in 2009-10, domestic tourists accounted for 98% of the total number of visitors to Maharashtra and the remaining were foreign. Visitors from the US, UK, Germany, and UAE each form a significant percentage of the foreign tourists. The state government has established the Maharashtra Tourism Development Corporation (MTDC) for the systematic development and promotion of tourism in the state. MTDC owns and maintains resorts at all key tourist centers.