UP on track to become $1 trn economy, speed needs to double: CM Yogi

By Tajdar H. Zaidi
Lucknow: At a high-level meeting, Uttar Pradesh Chief Minister Yogi Adityanath discussed the ongoing efforts, current results, and future policies aimed at making Uttar Pradesh a one trillion-dollar economy.
Various ministers of the state government were present in the meeting organised by the Planning Department.
In the meeting, the Principal Secretary of the Planning Department and the Consulting Agency Deloitte India provided detailed sector-wise information about the state’s current economic environment and potential future outcomes, as well as industry expectations. The Chief Minister emphasised that all ministers and senior officials should make special efforts to enhance ease of living and maximise employment generation.
He encouraged them to study and implement best practices from both the country and the world as needed.
CM Yogi Adityanath said, “Owing to the planned efforts made in the last 7 years, the economy of Uttar Pradesh is in an all-time best position today. The total GDP of the state was 16.45 lakh crores in 2020-21, which has increased to more than 25.48 lakh crores in 2023-24. Uttar Pradesh is contributing 9.2 percent to the national income. Today, Uttar Pradesh is becoming the growth engine of the country, emerging as the second-largest economy in the country.”
He said that when assessing the state’s economic growth rate against national standards, efforts have yielded commendable results.
“In 2021-22, the growth rate of Uttar Pradesh at current prices was 20.1 percent, while at constant prices it was 9.8 percent. Similarly, in 2023-24, a growth rate of 8 percent was recorded in the state at constant prices and a 12.8 percent growth rate at current prices. These figures indicate that Uttar Pradesh is steadfastly progressing along the path of development. It’s imperative for us to further advance our efforts in a meticulously planned manner,” he said.
He said that the Compound Annual Growth Rate (CAGR) of the state between 2021-22 and 2023-24 has been recorded at around 15.7 percent.

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