The Mumbai Metropolitan Region (MMR) is set to emerge as one of the world’s leading urban economies by 2047, with its GDP projected at $1.2–1.5 trillion and population expected to reach 3.6–3.8 crore, according to officials from the Mumbai Metropolitan Region Development Authority (MMRDA).

Key Highlights

• Mumbai Metropolitan Region projected to become $1.2–1.5 trillion economy by 2047 with 3.6–3.8 crore population.
• Masterplan focuses on sustainable growth, infrastructure expansion, job creation, and positioning MMR as a global hub.

Spanning Mumbai, Thane, Palghar, and Raigad, the region covers 6,328 sq km and is slated for a major transformation through a long-term masterplan emphasizing sustainable and inclusive urban growth.

Shankar Deshpande, Chief Town and Country Planning Officer at MMRDA, said the plan positions MMR alongside global economic hubs like Tokyo, London, and Singapore, with per capita income projected to surpass ₹33 lakh annually, matching current levels in Japan and Italy. By 2047, he added, MMR could achieve a GDP comparable to Tokyo’s 2023 output, with 36–38 million residents, driven by infrastructure expansion, economic diversification, and job creation.

In the next five years, MMR aims for a GDP of ₹25 lakh crore and per capita income between ₹8–10 lakh by 2030, alongside population growth from 2.58 crore in 2023 to 2.9 crore by 2030. Employment is expected to rise from 1 crore in 2023 to 2 crore by 2047, with half of new jobs in high-productivity sectors such as IT, AI, finance, media, and chip manufacturing.

Key infrastructure projects include the 450 km metro expansion, Navi Mumbai International Airport, Versova–Virar Sea Link, Vadhavan Port, and the Alibag–Virar Multi-Modal Corridor, collectively backed by over ₹4 lakh crore in investments. Additional initiatives feature new financial districts, tourism hubs, Film City, affordable housing, and five new industrial cities.

Also Read: 'Bandra Bay' to Transform Mumbai into India's Waterfront Hub

The plan also targets net-zero emissions by 2047, women’s workforce participation of 38–40% by 2030, and private investment contribution of ₹11 lakh crore. An integrated MMR-level war room will coordinate execution, ensuring MMR develops into a global innovation and investment hub, blending energy, strength, and peace to drive Maharashtra’s growth toward 2047.