• SENSEX
    NIFTY 50
VIDEOS
Politics

Political Exchange: Experts discuss Maharashtra government’s economic agenda

Updated : December 02, 2019 09:31 PM IST

Less than four days after taking charge as Maharashtra’s chief minister, Uddhav Thackeray has ordered a review of all on-going development projects in the state, including the Mumbai-Ahmedabad bullet train project. The project has faced resistance from farmers and tribal since its inception.

Thackeray's decision to review the ongoing development projects in Maharashtra comes days after he halted the metro shed construction at Mumbai’s Aarey Colony.

That's not all, Thackeray also said that his government will release a white paper on the financial condition of the state. Maharashtra presently has a debt of nearly Rs 5 lakh crore.

The Aghadi Sarkar has announced that it is firm on giving unconditional loan waivers to farmers and 80 percent job reservation for local youth.

What does the new government in Maharashtra mean for the state's economy? Sanjay Jha, spokesperson of Congress and an economist, Shankkar Aiyar discussed this at length.

Jha said that the finer details of the state government’s plans are still being worked out.

“Over the last several quarters India’s GDP has been on a progressive decline and one of the states that have been at the receiving end of this has been Maharashtra. Because this is such a critical state, it has got a massive role as far as industrial output is concerned,” he added.

Aiyar said that there is not much to be worried about in projects being reviewed.

“One good example to remember about Maharashtra politics is every regime will come and do a health checkup of projects and people,” he added.

He further said that there is a genuine difference of opinion between the Maharashtra government and BJP.

Bullet train is an issue Maharashtra government is concerned about due to land acquisition costs.

Talking about job reservations, Aiyar said that this was not unique to Maharashtra.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV