Maharashtra is a state in the western region of India and is India’s third-largest state by area and is also the world’s second-most populous sub-national entity. Maharashtra’s business opportunities along with its potential to offer a higher standard of living attract migrants from all over India.
It is bordered by the Arabian Sea to the west and the Indian states of Karnataka, Telangana, Goa, Gujarat, Chhattisgarh, Madhya Pradesh and the Union territory of Dadra and Nagar Haveli. The major rivers of the state are Godavari, and Krishna. The Narmada and Tapti Rivers flow near the border between Maharashtra and Madhya Pradesh and Gujarat. Agriculture and industries are the largest parts of the state’s economy. Major industries include chemical products, electrical and non-electrical machinery, textiles, petroleum and allied products.
The economy of Maharashtra is driven by manufacturing, international trade, Mass Media (television, motion pictures, video games, recorded music), aerospace, technology, petroleum, fashion, apparel, and tourism. Maharashtra is the most industrialised state and has maintained the leading position in the industrial sector in India. The State is pioneer in small scale industries. Mumbai, the capital of state and the financial capital of India, houses the headquarters of most of the major corporate and financial institutions. India’s main stock exchanges and capital market and commodity exchanges are located in Mumbai. The State continues to attract industrial investments from domestic as well as foreign institutions. Maharashtra has the largest proportion of taxpayers in India and its share markets transact almost 70 per cent of the country’s stocks.
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