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By:

Anusreeta Dutta

26 April 2026 at 1:22:24 pm

One Maharashtra, Unequal Priorities

Six decades after statehood, constitutional safeguards remain necessary to bridge the gap between western Maharashtra and the regions left behind. Maharashtra is often referred to as India’s economic engine. The state, which is home to Mumbai’s financial ecosystem and Pune’s industrial corridor, contributes about 14 percent to the GDP of India. There is a long-standing dispute behind this achievement that has affected state politics for decades. Is every district in Maharashtra thriving at...

One Maharashtra, Unequal Priorities

Six decades after statehood, constitutional safeguards remain necessary to bridge the gap between western Maharashtra and the regions left behind. Maharashtra is often referred to as India’s economic engine. The state, which is home to Mumbai’s financial ecosystem and Pune’s industrial corridor, contributes about 14 percent to the GDP of India. There is a long-standing dispute behind this achievement that has affected state politics for decades. Is every district in Maharashtra thriving at the same pace? It is not just a political question. It is written into the Constitution proper. Unlike most states in India, Maharashtra has a unique constitutional provision under Article 371(2) which empowers the Governor to ensure that development funding and opportunities are equally shared between Vidarbha, Marathwada and the rest of Maharashtra. The clause was born out of fears that some areas would be forgotten once the state was established in 1960. Six decades later, the existence of this constitutional safeguard raises an uncomfortable question: why does Maharashtra need tools to balance regional development still? Regional Disparity The seeds of regional disparity were sown long before the birth of Maharashtra. Western Maharashtra had early investments in irrigation, cooperative sugar mills, educational institutions and transportation. The centres of industrial growth followed by agricultural commercialisation were Pune, Satara, Sangli, Kolhapur and part of Nashik. Vidarbha and Marathwada chose the other. Agriculture was still heavily dependent on monsoon rains, industrialization was slow and irrigation coverage was less than the state averages. Regional studies in Maharashtra have repeatedly shown that irrigation intensity and agricultural yield are higher in western districts than in much of eastern Maharashtra. These differences subsequently led to calls for institutional safeguards. In contrast, in western Maharashtra, government moves are increasingly geared towards growth, not deficit reduction. The region’s success is built on industrial corridors, logistics infrastructure, urban mobility projects and advanced manufacturing clusters. Pune has emerged as a hub for vehicles, computer technology, defence production and startups. Mumbai remains a major draw for investment in metro rail networks, coastal roadways, financial services infrastructure and international business zones. Agricultural practices in western Maharashtra are in a relatively advanced stage of development. Irrigation coverage is much better than many districts in the east, so the authorities can concentrate on raising productivity, export-oriented, value-added farming and agro-processing industries. Western Maharashtra’s policy, in a nutshell, is to make competitive regions more competitive. Eastern Maharashtra is very different. Here, the Governments have not only focused on accelerating growth but also on reducing the backlog of development. The main policy question is irrigation. For many decades official studies have consistently identified irrigation as the most important factor for regional disparities. Even with dedicated funds, the backlog of irrigation in Vidarbha and Marathwada kept growing, requiring repeated interventions by successive governments. To tackle this, region-specific irrigation corporations, such as Vidarbha Irrigation Development Corporation (VIDC) and Godavari Marathwada Irrigation Development Corporation (GMIDC) were established with a specific mandate to speed up water infrastructure projects. The Union Government has sanctioned a special irrigation package for Vidarbha, Marathwada and draught prone areas of Maharashtra, with an objective to increase irrigation potential and improve water security of the farmers. Even today, a lot of public money is spent on irrigation projects in eastern Maharashtra. Government affidavits and parliamentary replies say crores of rupees are spent every year to make up for irrigation shortfalls and to finish long-pending projects. This emphasis reflects an important reality: while the western part of Maharashtra talks about competitiveness, the eastern part of Maharashtra continues to debate water access. Another area where there are divergent approaches is industrial policy. Market forces have played a major role in the industrial expansion of western Maharashtra, a process assisted by the existing infrastructure and urbanization. In contrast, Eastern Maharashtra has frequently depended on state-led interventions to draw investment to lagging regions. Projects such as the Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN), logistics corridors, special industrial incentives and infrastructure subsidies were to divert industrial expansion away from the Mumbai-Pune region. Likewise, recent government announcements have earmarked Vidarbha to become a future hub for solar energy, semiconductors, aerospace manufacturing and logistics, with Marathwada being pitched for electric vehicle and electronics investments. Whereas in western Maharashtra, the policy tends to buttress pre-existing advantages, in eastern Maharashtra the industrial policy aims to generate such advantages from the beginning. Regional Equilibrium These divisions have persisted, leading to separate institutions of governance. Vidarbha and Marathwada have statutory development boards to monitor regional imbalances and recommend corrective actions. Their emergence is an indication of a broader acceptance that market forces alone have not been adequate to promote balanced growth in Maharashtra. The second capital of Maharashtra is also Nagpur. The same ideology. The state legislature meets every winter in eastern Maharashtra to ensure that the issues concerning the region remain in the political focus. The issues discussed generally are irrigation, agriculture, tribal welfare and regional development in these sessions. The controversy over regional equity, however, is still unresolved. According to critics, despite decades of special packages and focused strategies, many irrigation projects continue to face delays, cost overruns and implementation problems. Several big projects in Vidarbha remain incomplete despite years of cash pledges. There is now a growing body of policy thinking that suggests that Maharashtra may have to give up the very terminology of backlog elimination. In its own discussion on balanced regional development, the state attaches more importance to reforms in governance, diversification of the economy and speeding up growth, than to compensatory spending. The challenge is not just building canals and roadways anymore but building lasting economic ecosystems that can hold on to talent, draw investment and create jobs beyond the traditional Mumbai-Pune boom corridor. The real test for Maharashtra will be whether future policies can turn Vidarbha and Marathwada from regions requiring special support to regions capable of driving growth on their own. Till then Maharashtra’s development story will be two stories. (The author is a columnist and climate researcher with experience in political research analysis and energy policy. Views personal.)

Mangoes and Wealth Creation

Every summer, as crates of golden mangoes make their way into our homes and hearts, they remind us of a simple truth - good things take time. The sweetness of a mango is earned, not rushed. And in that lies one of the most underrated lessons of investing.


The Mango Tree Lesson

Imagine planting a mango tree. You water it regularly, protect it from pests, and make sure it gets enough sunlight. But no matter how eager you are, you cannot force it to bear fruit immediately. The tree grows at its own pace. Yet when the right season arrives, and it has received enough patience and care, it gives back generously.


Investing Works the Same Way

Investing works in a very similar way. We start SIPs in mutual funds, buy stocks, or allocate money to gold and then, like anxious gardeners, keep checking every few weeks. Has it grown? Should I book profits? Should I shift my money somewhere else if investments are not growing? The urge to pluck returns before they are ready is difficult to resist.


Do Not Pull Out Too Early

But withdrawing too early can cost you the magic of compounding that only time can create. It is like biting into an unripe mango - sour, disappointing, and completely avoidable.


Markets Have Seasons Too

The markets, too, have their seasons. There will be sunshine and storms. There will be volatility, corrections, and dry spells. But if you have planted your financial tree in good soil - diversified, goal-aligned, and thoughtfully selected investments - then your role is to nurture it and allow it to grow.


Activity Is Not Always Progress

Do not mistake activity for progress. Constantly switching funds, trying to time entries and exits, or chasing short-term trends may feel productive, but often does more harm than good. In investing, as in nature, time is the best fund manager.


The Real Reward of Waiting

So the next time you feel tempted to judge your portfolio too quickly, remember the mango. Let it ripen. Let it mature. The real rewards are not always visible immediately. They are built quietly, steadily, and patiently over time. In both mangoes and money, the sweetest outcomes are reserved for those who wait.


The Practical Takeaway

The practical takeaway is equally important. For short-term goals, especially those within the next three years, it is better to use bank RDs, FDs, or debt mutual funds. For long-term goals, hybrid funds, equity mutual funds, direct equities, and gold can play a meaningful role. The right mix ensures your money is working efficiently for your future.


Four Simple Actions

For the above-mentioned long-term assets, focus on four simple actions - start sufficient SIPs, increase them every 12 months, add lumpsum investments alongside SIPs whenever possible, and most importantly, stay invested.


The Value of Guidance

Finally, do not underestimate the value of a trusted financial advisor. Their education, wisdom, expertise, and experience can help you nurture your financial tree with confidence and turn it into a fruitful legacy.


(The writer is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

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