Uttar Pradesh is on its path to becoming a one trillion-dollar economy with the GSDP having climbed from Rs 16.45 lakh crore in 2021-22 to Rs 25.48 lakh crore in 2023-24. This is set to grow to Rs 32 lakh crore this year.
Chairing a review meeting of the state’s one trillion economy goal, Chief Minister Yogi Adityanath said UP has become the country’s ‘growth engine’ with both the state’s growth and per capita income doubling in the last seven years.
While manufacturing has done well, the CM stressed new investment in agriculture particularly to improve the seed ecosystem and set up seed parks, strengthen supply chain management, crop diversification, and implement the 'one block one crop' scheme for horticulture.
To address the need for land for industrial projects, the state will use the gram samaj land, which is the common resource land in a village. The state will also decide on what to do with land that has been allotted but is not being used. In addition, land-related disputes must be solved timely.
The one trillion economy goal has to percolate to the lowest level of governance. The CM said gram panchayats and municipal bodies will have to achieve self-reliance if this goal is to be achieved.
The state is also pinning its hopes on tourism. With the Mahakumbh slated for early 2025, the state will surpass the 62 crore tourists who have visited UP this year.
With a compound annual growth rate was 16 per cent in 2023-24, UP looks set on the path of achieving 25 per cent growth in the current year, Yogi said. The growth is not just in numbers but also in value addition.
Thus, while both agriculture and manufacturing have achieved more than anticipated GVA (gross value added); transport, storage and communication have seen a flip of 129 per cent.