Photo: Abhijit Bhatlekar/MintMumbai: Maharashtra will grow at an estimated 7.3% in 2017-18, slower than the 10% achieved in 2016-17, finance minister Sudhir Mungantiwar said, ahead of his fourth budget on Friday. Mungantiwar reminded the Congress and Nationalist Congress Party that during their rule in 2005-06, Maharashtra’s debt to GSDP percentage was 25.5%. “Today, Maharashtra has a lower debt to GSDP percentage than Gujarat which is 16.83% and Karnataka at 17.9%. Mungantiwar, however, said Maharashtra needed to take steps like Gujarat, Madhya Pradesh, and Karnataka to ensure revenue expenditure is less than revenue receipts. These are capital investments for long-term asset creation and helping Maharashtra become a trillion-dollar economy,” Mungantiwar said.

Source: Mint March 08, 2018 23:35 UTC