Maharashtra targets $5 trillion economy by 2047, $1 trillion by

Maharashtra has set a target to become a five trillion dollar economy by 2047 and is taking several steps to achieve the goal, Chief Minister Devendra Fadnavis said on Saturday. Addressing the meeting of the NITI Aayog Governing Council, Fadnavis said his government was fully prepared to implement its vision for development and preservation of heritage, which was aligned with the central government's goal of Viksit Bharat (developed India) by 2047.Fadnavis said his government was planning 'Maharashtra 2047' vision in three stages with the aim to emerge as a one-trillion-dollar economy by 2030.He said the government has undertaken a 100-day programme based on the principles of good governance, citizen-centric reforms, and accountability, during which over 700 targets were achieved by various departments. "Now, a 150-day action plan is underway, with a long-term vision for 2047, a medium- term plan for 2035 (during the state's 75th anniversary), and a short-term five-year plan for 2029 with annual targets," he said. "The goal is to transform Maharashtra's economy into a USD one trillion economy by 2030 and USD five trillion by 2047," Fadnavis said. Fadnavis said Maharashtra has emerged as an investment magnet and attracted ₹1.39 lakh crore in foreign direct investment (FDI) in the first quarter of 2024- 25 the highest in the country.