Maharashtra’s gross state domestic product (GSDP) was expected to grow by 10% in FY 2024-25 and the government was committed to ensure that revenue deficit doesn’t cross the prescribed limit, Finance Minister Ajit Pawar told the Legislative Assembly on Friday.
The GSDP, which was at ₹38.79 lakh crore in 2023-2024, was expected to expand by 10% to reach ₹42.67 lakh crore in 2024-25, Mr. Pawar, who is also Deputy Chief Minister, said in his reply to a debate on the interim budget for 2024-25 presented in the Lower House earlier this week.
GSDP indicates total economic output generated within a state’s boundaries over a specified period, typically a fiscal year.
