Mumbai, the capital of Maharashtra is considered the financial capital of India ? with the headquarters of almost all major banks, financial institutions, insurance companies and mutual funds being based in the city. India's largest stock exchange Bombay Stock Exchange, the oldest in Asia, is also located in the city. More than 41% of the S&P CNX 500 conglomerates have corporate offices in Maharashtra. Maharashtra is India's second most industrialised state contributing 20% of national industrial output. Almost 46% of the GSDP is contributed by industry. Maharashtra has software parks in many cities around the state, and is the second largest exporter of software with annual exports over 80,000 crores. Although highly industrialized, agriculture continues to be the main occupation in many regions of the state. 24.14% of the working age population is employed in Maharashtra.

The Gross State Domestic Product (GSDP) of Maharashtra for 2022-23 (at current prices) is projected to be Rs 35.81 lakh crore. This is a growth of 12% over the revised estimate of GSDP for 2021-22 (Rs 31.97 lakh crore). Maharashtra has emerged as a key hub for IT & ITES, electronics, and captive business outsourcing industries. The state has a well- developed social, physical, and industrial infrastructure.

Maharashtra is among the most developed Indian states and continues to be the single largest contributor to the national economy with a share of 14 per cent in all-India nominal GDP.Maharashtra is among the most developed Indian states and continues to be the single largest contributor to the national economy with a share of 14 per cent in all-India nominal GDP.