(Last Updated on : 13/01/2010)
Industry is the backbone of Maharashtra
's economy. The state alone accounts for 23% of country's entire income. Bombay
, the capital is the hub of the country's textile mills. Other notable centers of weaving are Malegaon & Bhewandi.
Sugar industry has a significant part in providing the countries economy. In alliance with the co- operative sectors government is implementing measures for improving the sugar industries in which the latter get hold of a portion in sugar mills. Pharmaceuticals, petrochemicals, heavy chemicals, electronic automobiles, engineering & food processing etc. constitute a considerable share of the state's economy. It is also renowned for the production of jeeps, cars & 3 wheelers. Different forest based industries & small-scale industries have come up to contribute in the mainstream economy.
, the center of India's hindi film and television industry in Bombay, accounts for a major part of country's income. The government has also erect software parks in Pune, Mumbai
, Nagpur, and Nasik and presently it is the second largest exporter of software goods. It stands first nationwide for generating coal-based thermal & nuclear electricity thereby contributing 13% & 17% to country's economy. Mumbai is the heart of the industrial state where the headquarters of almost all the major banks, financial institutions, insurance companies & mutual funds are located.
Though largely an industrial state, agriculture also continues to be a part of the gross income. The black basaltic soil prevents the cultivation of food crops and the principal crops include jowar, bajra, wheat & pulses and several oilseeds including groundnut, sunflower & soyabean. The state has made an extensive progress in the orchard cultivation among which mango, banana, grapes& oranges are the principal ones. Alphonso mangoes of Nasik & oranges of Bathplug have earned fame. Irrigation facilities are being made comprehensive to make the cultivators less dependent on rain.