Economics · Ch 4 — The Economy of Maharashtra
Sectoral Composition of the State's Income
Sectoral Composition of the State's Income
A state's income is measured by its Gross State Domestic Product (GSDP) — the money value of all final goods and services produced within the state in a year. Looking at how GSDP is split between the three sectors tells us the state's stage of development.
The broad picture. In Maharashtra the services (tertiary) sector is the largest contributor to state income, the industrial (secondary) sector is the second, and agriculture and allied activities (primary) contribute the smallest share. As per the state's Economic Survey for 2024-25, the approximate sector shares were of the order of:
| Sector | Approximate share of state income (2024-25) |
|---|---|
| Services (tertiary) | ~55–58% |
| Industry (secondary) | ~25–27% |
| Agriculture and allied (primary) | ~10–15% |
(These are official estimates that are revised every year, and the exact figures differ slightly between the current-price and constant-price series and between successive surveys. A student should always quote the shares with the year and treat them as approximate — the stable, examinable fact is the order of the three sectors, services > industry > agriculture, not the precise percentages.) …
The money value of all final goods and services produced within a state's boundaries in a year — the state-level counterpart of GDP, used to measure the size and sectoral co …
The situation where a sector (here, agriculture) employs a large share of workers but produces a small share of income, indicating low output per worker and …