Exercises · Q3
Q.Explain any four important features of the economy of Maharashtra.
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✓ Free question
Any four of the following important features of the Maharashtra economy may be explained:
- India's most industrialised and diversified economy. Maharashtra is the country's leading industrial and manufacturing state and its top investment destination, with substantial strength across agriculture, industry and services — a breadth that gives it resilience and makes it the largest state economy in India.
- Services- and industry-led income, small farm share. The tertiary (services) sector contributes the largest share of state income, followed by industry, with agriculture the smallest — the signature of a comparatively advanced economy.
- A workforce still dependent on agriculture. Despite agriculture's small income share, a large part of the workforce still depends on farming — a structural mismatch pointing to low farm productivity and surplus labour.
- High urbanisation. Maharashtra is among the most urbanised large states, home to Mumbai (India's largest urban agglomeration and financial capital), Pune, Nagpur and Nashik.
- A powerful co-operative sector. The state pioneered India's co-operative movement, especially in sugar, dairy and credit.
- Sharp regional imbalance. Prosperous Western Maharashtra and Mumbai contrast with the backward Vidarbha and Marathwada regions — the state's foremost development challenge.
- Advanced infrastructure. Comparatively well-developed economic and social infrastructure, though unevenly spread.
✓Final answer
Four features: (i) India's most industrialised and diversified economy; (ii) a services- and industry-led income with agriculture contributing the smallest share yet employing a large workforce; (iii) high urbanisation led by Mumbai; and (iv) a powerful co-operative sector — set against the standing problem of regional imbalance.
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