State Economy Expected to Grow by 7.9%, Boosted by Industry, Infrastructure and Services

The state’s economic growth is projected to reach 7.9 percent this year, driven by strong performance in industry, infrastructure development, and the expanding services sector, according to the Economic Survey report

Mumbai | 6 March , 2026The state’s economy is expected to record a robust growth rate of 7.9 percent in the current financial year, according to the latest Economic Survey report presented ahead of the state budget. The report highlights that rapid expansion in the industrial sector, major infrastructure investments, and a thriving services sector are likely to play a crucial role in accelerating overall economic activity.

Officials stated that sustained investments in manufacturing and industrial projects have strengthened production capacity, while improved connectivity and infrastructure development have enhanced the business environment across the state. Large-scale projects in transportation, logistics, and urban development have also contributed to economic momentum.

The services sector, including finance, information technology, tourism, and trade, has continued to show steady growth, further supporting the state’s economic outlook. Experts believe that rising demand, technological adoption, and policy support have significantly improved productivity in these sectors.

The Economic Survey also underlines the government’s focus on strengthening infrastructure and encouraging private investment to maintain consistent growth. Measures aimed at improving ease of doing business and promoting industrial development are expected to create new employment opportunities and attract additional capital inflows.

Economists note that the projected growth rate reflects the state’s resilience and its ability to sustain development despite global economic uncertainties. With continued policy support and infrastructure expansion, the state is expected to remain one of the key drivers of the country’s economic progress.

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