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State is back on track, says Finance Commission

Four days after calling state a 'sinking economy', chairman N K Singh says it will soon become a trillion dollar economy

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Chief minister Devendra Fadnavis strongly presented the state's case before the commission, seeking huge funds - Rs 50,000cr - for Mumbai

Chief minister Devendra Fadnavis strongly presented the state's case before the commission, seeking huge funds - Rs 50,000cr - for Mumbai

In a turnaround from its earlier observations, and four days after it called Maharashtra a sinking economy, the 15th Finance Commission of India was all praise for the Devendra Fadnavis government on Wednesday.

Chairman N K Singh told a media conference, that Maharashtra had a much higher growth rate than any other state, and it was moving in the right direction to become a trillion dollar economy in coming years. He said the state continued to be a growth centre for the country. Singh said Maharashtra was a guiding force for other states as far as fiscal management was concerned.

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