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True to its reputation of being the economic powerhouse of India, Maharashtra's contribution
towards the Indian economy is significant. With less than 10 percent of the population of the
country, Maharashtra accounts for nearly one-fourth of the gross value added by India's
industrial sector. The State has succeeded in achieving high levels of industrialisation, which
is demonstrated by the fact that the secondary and tertiary (i.e. manufacturing and service)
sectors account for 78.8 percent of the State's gross domestic product, as compared to the
national average of 65.4 percent.<BR><BR>
The high level of industrialisation reflects in the per capita income in Maharashtra being
Rs.17, 295 as compared to the country's average of Rs.10, 771.<BR><BR>
Maharashtra contributes almost 14.7 percent of India’s Gross Domestic Product and 15.1
percent of the national income. Maharashtra also accounts for nearly 40 percent of the total
tax collections in the country.<BR><BR>
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