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Maharashtra to become India’s first trillion-dollar economy, says Narendra Modi

Chief minister Fadnavis also announced a five-point agenda to turn Maharashtra in a state with a trillion dollar economy by 2025.

india Updated: Feb 18, 2018 22:25 IST
Surendra Gangan
Surendra Gangan
Hindustan Times, Mumbai
Narendra Modi,Maharashtra,Indian economy
Prime minister Narendra Modi during the opening ceremony of the Magnetic Maharashtra Convergence 2018 in Mumbai on Sunday. (PTI Photo)

Prime Minister Narendra Modi on Sunday said Maharashtra is on course to become the country’s first trillion dollar economy and the state will play a major role in fueling India’s dream of becoming a five-trillion dollar economy in the next few years.

The national growth depends on the prosperity achieved by the states and Maharashtra has been moving to become a major contributor to the country’s growth, Modi said while inaugurating the Magnetic Maharashtra Covnergence 2018 at the Mumbai Metropolitan Region Development Authority (MMRDA) ground.

“I am sure that Maharashtra will achieve objective of being the first trillion dollar economy state in India,” the Prime Minister said.

Modi said that with holistic, inclusive vision and minimum government interference, his government has changed the atmosphere for investment in the country. He said the government believes that with the help of 4 Ps -performance, policies, planning and participation - the government has attracted more investment making it possible to achieve its dream of taking the country to $5 trillion economy club.

“Many international agencies have anticipated that the India will soon achieve the prestigious mark of robust economy,” he said. He also praised chief minister Devendra Fadnavis’s stewardship of the BJP-ruled state.

“Magnetic Maharashtra is an example of the cooperative competitive federalism and in turn the national growth. Maharahstra has been ranked first by various agencies in overall growth. It has successfully passed 9 of the 10 parameters set for the Ease of Doing Business. Fifty one per cent of foreign direct investment in the country came to Maharashtra in 2016-17,” Modi said.

He also said that Mumbai meets the maximum aspirations of its citizens for better living by building new roads, new bridges and airports.

Besides a clutch of global CEOs, leading Indian industrialists shared the dais with the PM at the Magnetic Maharashtra Convergence 2018.

Anand Mahindra, chairman of the Mahindra group announced an investment of Rs 1700 crore for the development of an entertainment tourism hub at Kandivali.

Chief minister Fadnavis also announced a five-point agenda to turn Maharashtra in a state with a trillion dollar economy by 2025.

(With agency inputs)

First Published: Feb 18, 2018 22:24 IST