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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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. A powerful co-operative sector. The state pioneered India's co-operative movement, especially in sugar, dairy and credit.
  6. Sharp regional imbalance. Prosperous Western Maharashtra and Mumbai contrast with the backward Vidarbha and Marathwada regions — the state's foremost development challenge.
  7. 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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