Maharashtra economy to dip 8% in FY21: State economic survey
March 05, 2021
Maharashtra Chief Minister Uddhav Thackeray - PTI×
Agriculture and allied activities to grow by 11.7%, industry, services take a hit
The Economic Survey of Maharashtra report has said the State’s economy for fiscal 2020-21 is expected to post a negative growth of 8 per cent as the per the advance estimates. The Indian economy is also expected to grow by minus 8 per cent.
On Friday afternoon the report was tabled in the Maharashtra Legislative Assembly.
Due to the Covid pandemic, the industrial growth is also in the red with a negative 11.3 per cent growth while the services sector is at a negative 9.0 per cent. The only saving grace is agriculture and allied activities, which is expected to grow by 11.7 per cent.