State's economy will reach INR one trillion dollars by 2028

The state's economy will achieve the target of reaching the INR one lakh crore mark by 2028, Chairman of the State Economic Advisory Council and Tata Sons N. Chandrasekaran expressed on Wednesday.

State Economic Advisory Council Chairman N. Chandrasekaran submitted the report of the advisory council's recommendations to the government in the presence of Chief Minister Shinde, Deputy Chief Minister and Finance Minister Devendra Fadnavis. A presentation was made on behalf of the Economic Advisory Council in a meeting held at the Sahyadri State Guest House.

Chandrasekaran said that this report and its recommendations will achieve the goal of all-round, balanced development of Maharashtra. The Council has taken a brief review of the opportunities in various sectors of the state. A total of 8 sectors including 5 related to industry sector and 3 connecting all these sectors in parallel have been mainly considered. To arrive at the report and its recommendations, discussions have been held with farmers, entrepreneurs, local self-government bodies, and experts in various industries.

महाराष्ट्र आर्थिक विकास परिषदेचा अहवाल अध्यक्ष एन. चंद्रशेखरन यांनी आज मुख्यमंत्री @mieknathshinde आणि उपमुख्यमंत्री तथा वित्त मंत्री @Dev_Fadnavis यांच्या उपस्थितीत सादर केला. pic.twitter.com/ivHXh70WP3

— CMO Maharashtra (@CMOMaharashtra) July 12, 2023

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Chandrasekaran also observed that Maharashtra's financial provision in the fields of agriculture, education, energy, infrastructure sector, health care and tourism is far-sighted and good. Prime Minister Narendra Modi has dreamed of a INR 'five trillion dollar' economy of the country. For this, Maharashtra established this economic council to contribute. Shinde and Fadnavis praised the council for submitting the report in minimum time.

The report of the State Economic Advisory Council will be the key to the progress of the state. Chief Minister Eknath Shinde expressed the belief that the economy of Maharashtra will take a giant leap from this. He also announced that a 'fast-track' committee would work with Mitra to formulate an action plan for implementation of the report's recommendations.

'Equilibrium of Development'
The recommendations include information technology, similar services sector, construction sector, tourism, health facilities, agriculture and skill development. These recommendations will be implemented equally effectively. The Advisory Council has also made good observations regarding land availability for industry in the state. Shinde expressed his belief that projects like Samruddhi Highway or Solar Park would be helpful in maintaining the regional balance of development.

Directional Report – Fadnavis
Deputy Chief Minister and Finance Minister Devendra Fadnavis believes that with the recommendations of this report, Maharashtra will now undoubtedly move towards a INR one lakh crore dollar economy. He also announced that a clock (GDP value clock) will be installed outside the ministry to give information about the growth rate of our development (GDP growth).