Maharashtra's economy to grow at 5.7% in 2019-20: Economic survey

Maharashtra’s economy is expected to grow at 5.7 per cent during 2019-20, marginally down from the last fiscal year’s projection of 6 per cent, the Economic Survey presented in the state Legislature on Thursday said.

The agriculture and allied activities are expected to grow at 3.1 per cent in FY20, it said.

The survey said the industry and services sectors were expected to grow at 3.3 per cent and 7.6 per cent in 2019-20, slower than the previous fiscal year’s 5.5 per cent and 8.1 per cent, respectively.

The average share of the state's contribution is 14.3 per cent among all the states