Maharashtra's Economic Resilience Amidst Fiscal Challenges, States CM Fadnavis

Chief Minister Devendra Fadnavis affirms Maharashtra's economic strength despite financial constraints. He highlights strategic planning for the state's growth, maintaining fiscal discipline, and addressing farmers' welfare. Fadnavis reassures the state's economic indicators are healthy and outlines initiatives to support agriculture and infrastructure development.

Chief Minister Devendra Fadnavis confidently addressed the Maharashtra assembly, emphasizing the state's strong economic position, even in the face of financial pressure. He stated that Maharashtra remains robust on key economic indicators and is projected to become India's first USD one trillion state economy by 2029-2030.

Fadnavis disclosed a vision document detailing the roadmap for Maharashtra's development by 2047, with milestone targets for 2030, 2035, and 2047. Despite challenges, the fiscal deficit is maintained below 3%, and the debt ratio is under control. The government is committed to welfare schemes, capital expenditures, and farmers' aid.

He reassured that political unity remains strong and declared no change in Maharashtra's integrity. Addressing agriculture, he outlined financial transfers, compensation schemes, and a significant relief package. For cotton procurement, adjustments were made to avoid rejections and benefit farmers. Loan waivers are under review, with solutions forthcoming by July 1.

(With inputs from agencies.)