Maharashtra Aims for $1 Trillion Economy Amid Rising Public Debt

Maharashtra has set an ambitious target to grow its economy to $1 trillion by 2030, a milestone that would place the state among the world's largest economies. The push comes as the state's public debt has risen to over 30% of its GDP, prompting officials to emphasize the need for fiscal discipline and structural reforms. The state government plans to attract investment through streamlined policies, boost manufacturing and services, and improve infrastructure to support this growth trajectory. Analysts note that achieving the target will require a sustained increase in per capita income and a reduction in the fiscal deficit, which currently stands at around 4% of GDP.