Maharashtra's economy has grown from approximately ₹14 lakh crore in 2015 to ₹54 lakh crore today, representing over threefold growth with a consistent 10% Compound Annual Growth Rate (CAGR), positioning the state to potentially achieve a $1 trillion economy by 2030 if current momentum is maintained.
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'$1 Trillion By 2030 Is Achievable': Fadnavis Cites Over 3x Growth, 10% CAGR MomentumAñadido:
Secondly, you have a target of a one trillion dollar economy by 2030. Is this achievable? Some people feel that you have set a very stiff target. You know one trillion economy. Why are you setting such a target for yourself? And in that, if Maharashtra has to be kept in pole position, in this context, imagine how will you use technology as a catalyst to reach that one trillion by 20-30.
Only 20-30 years are left.
I feel that I will give you only one example.
I talked about $1 trillion in 2015, since then I have been saying that Maharashtra will be a $1 trillion economy.
Our economy in 2015 was worth around Rs 14 lakh crore.
And today we are 54 lakh crores, in these 10 years we have more than tripled our economy.
And if we look today, many states in the country say that we want to become a trillion dollar economy.
But Maharashtra is the only state which is close to this target because we are already 66 billion and if you see, except for the Covid years, our nominal growth rate has been 10%.
We have grown at 10% CAGR.
We also maintain this growth rate. Even then we will become a trillion dollar economy in 2030.
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