Mumbai’s gross state domestic product is expected to be Rs 49,39,355 crore in 2025-26 from Rs 45,31,518 crore as per the revised estimate for 2024-25. Despite projected GSDP rise, Maharashtra to strive hard for $1 trillion economy target. Increasing urbanisation leads to rising demand for electricity, water supply, housing, transportation and other infrastructure facilities putting additional pressure on the state’s financial system. The state government hopes to weather this challenge amid a rise in its tax revenue and non-tax revenue. The policy statement underlines the time-bound implementation of a slew of infrastructure projects in a time- bound manner through various public undertakings, special purpose companies and municipal corporations. The ratio of revenue receipts to revenue expenditure in 2024-26 has marginally decreased from 98.09 per cent in the Budget estimate to 92.44 per cent. The fiscal deficit for 2025- 26 has been estimated to be 2.76 per cent which is below 3 per cent of GSDP as according to the Fiscal Responsibility and Budget Management Act.