Maharashtra to Contribute $1.5 Trillion to India’s $5 Trillion Economy Says Shinde iDAC Expo in Mumbai

 by Pranita Kurani 

L To R : Dhaval Thakur, Co-founder, Nova Exhibitions & Conferences iDAC Expo, Architect Hafeez Contractor, Sanjeev Jaiswal (IAS), Vice President & CEO – Maharashtra Housing and Area Development Authority, Eknath Shinde, DCM, Maharashtra State, Pankaj Bhoyar, Hon’ble Minister of State – Housing, Mining, Cooperation & School Education, Govt. of Maharashtra, Architect Vivek Bhole, Architect Hiten Sethi, and Siddharth Saraf, Co-Founder, Nova Exhibitions & Conferences iDAC Expo

Mumbai: Deputy Chief Minister Eknath Shinde today highlighted Maharashtra’s central role in India’s economic growth, stating that the state is poised to contribute nearly $1.5 trillion to the national $5 trillion economy vision by 2027, provided global economic conditions remain stable. Speaking at the iDAC Expo in Mumbai WHICH IS INDIA’S EXHIBITION FOR ACHITECTURE DESIGN AND CONSTRUTION , Shinde said Maharashtra continues to remain the country’s leading economic powerhouse, driven by strong investments, industrial expansion, and world-class infrastructure development.

Emphasizing the state’s growth trajectory, Shinde noted that Maharashtra’s expanding infrastructure ecosystem, including new metro corridors, expressways, ports, and airports—will significantly boost industrial activity, connectivity, and employment generation. He added that large-scale projects such as the Mumbai Coastal Road, Atal Setu, Navi Mumbai International Airport, and emerging logistics and industrial hubs are strengthening the state’s position as India’s most dynamic economic and investment destination.

“Maharashtra will continue to lead India’s growth story. With strong policy support, infrastructure expansion and investor confidence, the state is on track to play a major role in achieving the country’s $5 trillion economy target, with Maharashtra alone contributing nearly $1.5 trillion to the national GDP,” said Shinde.

Deputy Chief Minister Eknath Shinde also highlighted Maharashtra’s massive infrastructure and investment push, announcing that ₹2.96 lakh crore worth of investments expected in 2026 will generate nearly 3 lakh jobs, further strengthening Mumbai and the state as India’s leading economic and infrastructure growth engine. He emphasized that the government’s focus on infrastructure, housing, and industrial growth is transforming the Mumbai Metropolitan Region into a globally competitive urban and economic hub.

Highlighting the state’s development roadmap, Shinde further commented, “Maharashtra is witnessing unprecedented growth. We have signed MoUs worth ₹30 lakh crore at global forums like Davos with a conversion rate of over 75 percent. In 2026 alone, ₹2.96 lakh crore of investments are expected to translate into nearly 3 lakh new jobs. With projects such as Atal Setu, the Coastal Road, Samruddhi Mahamarg, Navi Mumbai International Airport and a 350 km metro network in the MMR region, we are building the infrastructure foundation that will power Maharashtra’s economic future.”

Pankaj Bhoyar, Hon’ble Minister of State for Housing, Mining, Cooperation & School Education, Government of Maharashtra, emphasized the importance of integrated development and housing reforms. “Housing is not merely about constructing buildings; it is about providing dignity, security and opportunity to families. Through initiatives such as large-scale redevelopment, housing reforms and collaboration with institutions like MHADA, we aim to create cities that are inclusive, sustainable and future-ready for the people of Maharashtra.”

Bhoyar further added,’ The Government of Maharashtra is working towards creating a housing ecosystem that balances rapid urban development with affordability and sustainability. Through policy reforms, redevelopment initiatives and collaboration with industry stakeholders, we aim to ensure that more citizens can access safe, quality housing in the state’s growing cities.’

Sanjeev Jaiswal, IAS, Vice President and CEO of Maharashtra Housing and Area Development Authority(MHADA), highlighted the need for structural reforms to improve housing affordability. “If we rationalise premiums, development charges and other costs associated with housing development, the affordability index in cities like Mumbai could reduce significantly. Policy reforms combined with faster approvals can help accelerate housing supply and make homes more accessible to citizens.”

Dhaval Thakur, Co-founder, Nova Exhibitions & Conferences said, “iDAC Expo was created as a collaborative platform where developers, architects and construction professionals can come together to exchange ideas and shape the built environment of the future. Our association with the Housing Department and MHADA strengthens the dialogue between policy makers and industry leaders.”

Satish Kumar, CEO of Mumbai First, highlighted the role of partnerships in city development. “Transforming a complex city like Mumbai requires strong partnerships between government, industry, communities and research institutions. Platforms like this help create the policy dialogue needed to address challenges such as climate change, mobility, public health and sustainable urban growth.”

Amit Sinha, Managing Director and CEO of Mahindra Lifespaces, said sustainable development must become mainstream. “The transformation happening across the Mumbai Metropolitan Region is remarkable. Developers today must integrate sustainability, design innovation and long-term value creation so that cities grow responsibly while improving the quality of life for residents.”

Renowned architect Hafeez Contractor stressed the importance of policy reforms in shaping urban growth. “If approval processes are streamlined and planning regulations evolve to encourage better design, open spaces and efficient development, cities like Mumbai can deliver higher density while ensuring better quality of life. Policy frameworks ultimately shape how our cities grow.”

Deben Moza, Senior Executive Director at Knight Frank, noted that Mumbai’s growth story is closely tied to infrastructure and policy reforms. “With large-scale infrastructure projects, policy initiatives and rising investment, Mumbai and the broader Maharashtra region are entering a new phase of urban transformation that will strengthen its position as one of India’s most important economic centres.”

The three-day iDAC Expo is expected to attract 15,000–20,000 visitors and bring together more than 150 experts, architects, developers, and urban planners, creating a platform for dialogue on sustainable infrastructure, housing and the future of urban development in India.