Gujarat & Maharashtra Day – Celebrating Economic Powerhouses of India

“Combined force would surpass several mid-sized economies, making it a standalone G20 candidate”

Published on: May 1st, 2025
Author: Piyush J. Patel – Founder, Profit From IT

🗓️ Why Is May 1st Important?

May 1st, widely recognized as Gujarat and Maharashtra Day, marks the historic reorganization of the Bombay State in 1960. Following a growing demand for linguistic and administrative autonomy, the state was split into two independent entities—Gujarat and Maharashtra.

This day celebrates the formation of two distinct yet dominant economic entities, whose contributions now shape India’s capital markets, exports, infrastructure, and industrial policy.

📊 Economic Contributions – By the Numbers (2024–25)

Indicator	Maharashtra	Gujarat	Combined Total
State GDP	₹39.5 lakh crore	₹24.5 lakh crore	₹64 lakh crore
FDI Inflows	₹2.5+ lakh crore	₹1.6+ lakh crore	₹4.1+ lakh crore
Export Share	~23%	~12%	~35%
Listed Market Cap Share	~42%	~18%	~60% of India’s market cap
Startup Ecosystem	Mumbai, Pune	Ahmedabad, GIFT	25+ Unicorns

Together, these two states contribute ~24.5% of India’s GDP and form the largest dual-state economic cluster in the country. It would be Twice 2X of Pakistan Country GDP. Combined, there are 11 companies from these two states whose individual valuations exceed the entire PSX (Pakistan Country) market capitalization.

🏙️ Top Cities That Shape India’s Future

📈 Market Capitalization Share of Listed Companies

• Together, Maharashtra and Gujarat contribute over ₹225+ lakh crore in market capitalization, which is over 60% of India’s total listed value.

  
  

  Maharashtra Highlights:

  
  

  
  
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    HQs of Reliance, TCS, HDFC Bank, ICICI, Kotak, L&T

    
    
  
  
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    Home to BSE & NSE, global financial centers

    
    
  
  

  
  

  Gujarat Highlights:

  
  

  
  
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    Adani Group (6+ listed companies with ₹15+ lakh crore market cap)

    
    
  
  
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    Strong representation in pharma, ports, green energy, chemicals

    
    
  
  

  
  

➡ Combined, these two states:

• Represent 60%+ of Nifty 50’s total weightage
  
  

• Dominate in energy, finance, consumption, infrastructure, and industrials
  
  

• Are home to 30+ Nifty constituents
  
  

🏢 Corporate Giants by Headquarters

Maharashtra:

• Reliance Industries, Tata Group, L&T, HDFC Group, ICICI, Kotak, Axis, Bajaj Group, Mahindra Group
  
  

Gujarat:

• Adani Group, Torrent Group, Zydus Lifesciences, Amul (GCMMF), Alembic Pharma, Gujarat Gas
  
  

🥇 Where Do These States Lead?

🌍 If They Were One: A Global Comparison

Such a combined force would surpass several mid-sized economies, making it a standalone G20 candidate.

🔮 Strategic Relevance to India’s Future

📌 Final Thoughts

On this Gujarat & Maharashtra Day, we don’t just commemorate a historic bifurcation. We recognize the strategic brilliance of two states that evolved into India’s most powerful economic engines—pioneering in trade, innovation, capital markets, and governance.

Their combined contribution to India’s market cap, ports, GDP, and exports cements their leadership in India's economic journey toward becoming a global superpower.

🏷️ Tags

#GujaratDay #MaharashtraDay #IndiaMarketCap #TopListedCompanies #Nifty50 #MakeInIndia #SmartCities #FDILeaders #ProfitFromIT #IndiaGrowthStory

📢 Disclaimer

This article is intended for informational purposes only. It does not constitute financial advice. Please consult a qualified investment advisor before making any financial decisions.