Our Vision is to Make Maharashtra a USD One Trillion Economy by 2030 and Among the World’s Most Significant Regional Economies by 2047: CM Devendra Fadnavis
The world is passing through disruptions, technological upheaval, energy transition, supply chain realignment, and uncertainty regarding growth. Amidst this, India inspires confidence at scale due to stability, ambition, resiliency and the capacity to execute. This was stated by Shri Devendra Fadnavis, Chief Minister of Maharashtra at the CII Annual Business Summit in New Delhi.
The CM opined that states are the engines of the Viksit Bharat vision, and Maharashtra intends to lead in this. For decades the state has been India’s economic engine, and Maharashtra is currently preparing for the next era of the global economy, driven by infrastructure, innovation, talent, technology, and institutional trust.
He added that Maharashtra is a USD 660 billion economy, contributing nearly 15 percent to the national economy; 40 percent of India’s cumulative FDI is coming in Maharashtra and one fifth of India’s engineering exports. He called the state as the data centre and startup capital of India and added that Mumbai remains the financial, commercial and entertainment capital of India.
The CM said that Maharashtra is investing in infrastructure at unprecedented scale, including the Mumbai Trans Harbour Link, Samruddhi Mahamarg, Navi Mumbai International Airport, Vadhavan Port, industrial corridors and digital infrastructure, which are together redesigning the economic geography of Maharashtra. He added that the future economy will be driven by Artificial Intelligence, Semi-conductors, EVs, advanced manufacturing, clean energy, data centres, Global Capability Centres and deep tech innovations, and Maharashtra is positioning itself at the centre of this transformation.
Rajiv Memani, President, CII said that Mumbai’s growth is reflective of a bold and future oriented vision, not just as the financial capital but as one of the world’s best integrated economic regions.
Chandrajit Banerjee, Director General, CII thanked the Chief Minister for the growth opportunities that he has provided to the industry through progressive policies and exceptional leadership.
11 May 2026
New Delhi