Mumbai: The report of the Maharashtra Economic Survey Council will be a milestone in the progress of the state. Maharashtra's economy will soar high, as expressed by Chief Minister Eknath Shinde. The report's recommendations were presented by Chairman N. Chandrasekharan in the presence of Chief Minister Shri. Shinde, Deputy Chief Minister and Finance Minister Devendra Fadnavis. To implement the recommendations in this report, a committee called the 'Fast-Track' committee will work in collaboration with partner organizations, as announced by Chief Minister Shri. Shinde.
Deputy Chief Minister and Finance Minister Shri. Fadnavis welcomed this report. Due to the recommendations in this report, Maharashtra will now confidently move towards a trillion-dollar economy, as stated by him.
The Maharashtra Economic Survey Council's consolidation took place at the Sahyadri State Guest House. Chief Secretary Manoj Saunik, council members Sanjeev Mehta, Vikram Limaye, Shrikant Bawane, Ajit Ranade, Dilip Sanghvi, Mrs. Kakoo Nakhate, Anish Shah, B.K. Goenka, Vilas Shinde, Mrs. Jia Modi, Prasanna Deshpande, Sanjeev Krishna, S.N. Subrahmanyam, Chief Executive Officer of the partner organization Praveen Pardeshi, Additional Chief Secretary of the Revenue Department Rajgopal Devara, Additional Chief Secretary of the Finance Department O.P. Gupta, Principal Secretary of the Planning Department Saurabh Vijay, Principal Secretary of the Industries Department Harshadip Kambale, and others were present. Council members Amit Chandra and Vishal Mahadevia participated through the audio-visual system.
Prime Minister Narendra Modi has envisioned a 'Five Trillion Dollar' economy for the country. In this regard, Maharashtra has established this Economic Council to contribute its part. Chief Minister Shri. Shinde and Deputy Chief Minister Shri. Fadnavis praised this dedication as the report was presented in the shortest possible time.
Chief Minister Shri. Shinde said that the council has made extremely important recommendations. We will make every effort to implement these recommendations. This inclusive report includes recommendations for manufacturing, IT services, real estate, tourism, healthcare, agriculture, and skill development.
The Chief Minister also mentioned that the council has conducted a thorough inspection of land availability for industries in the state. We have confidence in the development of projects such as the Maharashtra Prosperity Highway or Solar Park, which aim to maintain regional balance. We have made several important decisions in the interest of farmers and the agricultural sector, including the Namu Shetkari Sanman Yojana and the Crop Insurance Scheme. The council will prioritize the implementation of the Agro Innovation Hub. We have also made efforts towards value addition in this sector. The concept of 'Maharashtra AI Hub' proposed by the council is also commendable. We have also updated our IT policy. We will continue our efforts to provide land for research and development in this sector. Maharashtra has immense potential in the tourism sector. The council has also recognized this and we will work towards its growth. The information provided by the council regarding 'Ease of Doing Business' is also important, as emphasized by the Chief Minister.
In the past year, we have focused on collecting GST on fuel, maintaining stable rates for the Ready Reckoner, providing incentives to the construction sector, and repealing outdated laws. The Chief Minister has also highlighted the importance of providing health insurance to the citizens of the state. This information was shared during a discussion with the Chairman of the Economic Advisory Council to the Prime Minister, Bibek Debroy. Both the central and state councils will work together to ensure coordination."
Clear Roadmap for Trillion Dollar Economy - Deputy Chief Minister Shri. Fadnavis
Deputy Chief Minister Shri. Fadnavis has established this Economic Advisory Council and expressed his solutions regarding its functioning. A clock (GDP Value Clock) that will provide information about our GDP growth outside the ministry will also be set up, which he has announced.
Shri. Fadnavis stated that India will become the world's second-largest economic power, as recognized by various international organizations. This has attracted the attention of the entire world towards India. In such a situation, Maharashtra's contribution becomes crucial. Therefore, the Economic Advisory Council's report and its recommendations will be appropriate. From this, it is certain that we will confidently pave the way for a trillion-dollar economy. This is believed to be a clear roadmap. Various sectors will be focused on according to the recommendations of the council. Especially, efforts will be made for the sustainable development of industries, services, and agriculture. Opportunities such as e-vehicles, green hydrogen, AI, blockchain, fintech, etc. will be available in these sectors. Maharashtra has immense potential in various sectors. Even tourism will be considered with priority. The sustainable development of farmers and the protection of our soil health will also be given attention. 'Mitra' will play a significant role in implementing the recommendations of the council."
"Maharashtra's economy will reach trillions of dollars by 2028: N. Chandrasekaran
This statement, made by Chairman Chandrasekaran, highlights the goal of achieving comprehensive and balanced development in Maharashtra. He expressed confidence that Maharashtra will achieve its target of a trillion-dollar economy by 2028.
Chandrasekaran emphasized the importance of collaboration in various sectors of the state's economy. He discussed the integration of five industrial sectors and the parallel development of three other sectors, totaling eight key sectors. To reach the goals outlined in the statement, discussions have been held with farmers, entrepreneurs, local government bodies, and experts from various industries. The focus has also been on farmers, women, skilled and unskilled laborers, all districts, and certain special SME industries, manufacturing, and agriculture sectors. The development will be achieved by involving all stakeholders and at all levels.
Specific recommendations have been made regarding certain sectors, taking into account sustainable development and global trends, especially in the fintech and AI sectors. The expectation is that this will lead to an increase in employment opportunities. The inspection also highlighted the need for economic support in the fields of agriculture, education, energy, basic infrastructure, healthcare, and tourism in Maharashtra. Chandrasekaran acknowledged the concept of an economic advisory council and the need for all components to unite and make efforts towards its implementation."
Note: The translation provided is a general interpretation of the text and may not capture all nuances and details.
The announcement to establish the State Economic Advisory Council to achieve the state's economy of up to one trillion dollars was made by Chief Minister Shri. Shinde in the winter session of the Legislative Assembly held in Nagpur in December 2022. According to this, under the chairmanship of N. Chandrasekaran, Chairman of Tata Sons, this 21-member advisory council has been established. The first meeting of this council took place on February 13, 2023. As decided in this meeting, the council has prepared this report by studying various sectors and components of the state's economic development.
