New Delhi: Maharashtra Chief Minister Devendra Fadnavis on Friday said that the state is eyeing becoming a $1 trillion economy by 2030 backed by the highest Foreign Direct Investment (FDI) and top GDP share. Speaking at the ET Now’s Global Business Summit, Fadnavis said that India today is shaping a change. But in this century of change, nations compete and states execute. Global capital is no longer evaluating countries alone, it is evaluating ecosystems.
Not just $1 trillion, Fadnavis said that by 2047, they aim to scale up to USD 5 trillion riding on $500 billion in manufacturing investments, $350 billion in services-led growth and new industry investment.
The Chief Minister reflected on how predictive governance is, how fast execution is, how strong infrastructure is, and how deep the talent pool is, adding that in this emerging global order, sub-national economies will determine competitiveness.
Question is Not About Disruption But Who Will Lead It, Says Fadnavis
In another statement, Fadnavis mentioned that they have strengthened India’s global economic positioning. “We are living through such a moment… The 20th century is defined by industrial-scale factories, physical capital, and manufacturing power. In this 21st century, the question is no longer whether the disruption will happen, the question is who will lead it.”
“Under the decisive leadership of PM Modi, India has moved from incremental reforms to structural transformation. We have built digital public infrastructure at a population scale. We have expanded highways, ports, airports, and logistic corridors. We have strengthened India’s global economic positioning,” the Chief Minister said.
Fadnavis further said that Maharashtra has signed MoUs worth Rs 30 lakh crore. It contributes 14 per cent to the country’s GDP and has strengthened India’s global economic position. “We are rapidly expanding highways, ports, and logistics corridors. He said that change is taking shape in India today,” he added.
The Global Business Summit 2026 kicked off in New Delhi on Friday, bringing together global leaders, market experts and policymakers to chart strategies for a world moving at breakneck speed.
It’s day one concluded with a keynote address by Prime Minister Narendra Modi, who highlighted that India’s true strength has been tested, proven during global crises over the past decade and is poised to become world’s third largest economy.
