Despite taking a hit in the prominent sectors in the financial year 2018-19, Maharashtra's economy is predicted to grow by 5.7 per cent in 2019-20, fighting against the fiscal, revenue deficit and debt stock. The state economic survey presented the advance estimates on Thursday, a day ahead of the Maha Vikas Aghadi's (MVA) first Budget. The state's estimated growth rate is higher than the country's 5 per cent and less than China's 6 per cent.

It has emerged that the state fell 2 per cent short of the last budget's growth projection of 7.5 per cent. Last year, former finance minister Sudhir Mungantiwar had pegged the state's expected economic growth rate for 2018-19 at 7.5 per cent, higher than India's at 6.8 per cent.