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Nashik Emerges as Maharashtra’s Fourth-Largest Economy After 18.2% Growth
Nashik is now one of Maharashtra’s biggest and fastest-growing district economies.
It grew by 18.2% during 2024–25.
This helped it move into fourth place, after Mumbai, Thane and Pune.
Nashik earns money from factories, farming, grapes, onions, wine and food processing.
It also has automobile, engineering, pharmaceutical and logistics businesses.
New investment agreements could bring about ₹6,404 crore and create roughly 14,403 jobs.
Better roads and the Samruddhi Expressway are helping businesses move goods.
Future construction and tourism linked to Simhastha Kumbh 2027 may create more activity.
Nashik recorded 18.2% Gross District Domestic Product growth in 2024–25.
The district became Maharashtra’s fourth-largest economy, behind Mumbai, Thane and Pune.
Its economy is estimated to reach approximately ₹2.34 lakh crore based on its current growth trajectory.
A district investment summit produced 142 MoUs worth about ₹6,404 crore, potentially creating 14,403 jobs.
Agriculture, manufacturing, pharmaceuticals, food processing, logistics and upcoming infrastructure are driving Nashik’s expansion.
- Who
- Nashik district, its businesses, agricultural producers and investors.
- What
- Nashik became Maharashtra’s fourth-largest economy after recording 18.2% GDDP growth in 2024–25.
- Where
- Nashik district in Maharashtra, including industrial hubs at Satpur, Ambad and Gonde.
- When
- The reported growth occurred in 2024–25; Simhastha Kumbh preparations are planned for 2027.
- Why
- Growth is being supported by industry, agriculture, investment, improved connectivity and infrastructure development.
Key facts
- Economic rank
- Fourth-largest economy in Maharashtra
- GDDP growth
- 18.2% in 2024–25
- Estimated economy
- Approximately ₹2.34 lakh crore
- Investment agreements
- 142 MoUs worth approximately ₹6,404 crore
- Potential employment
- Around 14,403 jobs
- Major sectors
- Engineering, automobiles, pharmaceuticals, agriculture, horticulture, wine, food processing, construction and logistics
- Industrial hubs
- Satpur, Ambad and Gonde
Sources
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