Published On : Wed, Mar 18th, 2015

Maharashtra’s economic growth down to 5.7%

Mumbai/Nagpur: The state’s economy is expected to grow at a mere 5.7% during the current financial year as against 7.3% in 2013-14, mainly due to deficient rain.

The state economic survey presented in the legislature ahead of today (Wednesday) budget paints a grim picture, especially for the agricultural sector. The sector is expected to shrink 12.3% as against an 8.1% growth the previous year. Projected industry growth of 4% is also down in comparison to 4.5% growth last year.