UP Economy In Its Best Shape, On Track To Achieve $1 Trillion Economy Target: CM Yogi

Uttar Pradesh Chief Minister Yogi Adityanath on Monday (8 January) asserted that the economy of Uttar Pradesh is in its prime condition.

He further stated that with right policy and precise implementation, the state is on track to reach the $1-trillion target, as its goals are well defined.

During a meeting with the state Planning Department and various state ministers, the Chief Minister deliberated on the efforts, outcomes, and future policies aimed at achieving the goal.

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The Principal Secretary of the Planning Department, along with representatives from the financial consultancy firm Deloitte, offered in-depth insights into the state's present economic climate.

The state’s economy is in its best shape at present due to planned efforts of the last six-and-a-half years, CM Yogi said.

CM Yogi said that the total gross domestic product (GDP) of Uttar Pradesh (UP) increased from Rs 16.45 lakh crore in 2021-22 to Rs 22.58 lakh crore in 2022-23.

He added that the state has emerged as the second-largest economy in India with a 9.2 per cent contribution to the national income.

“The assessment of the state’s growth rate compared to the national standards has also revealed positive results of our efforts. UP’s growth rate at current prices and constant prices in 2021-22 was 20.1 per cent and 9.8 per cent against the country’s growth rate of 18.4 per cent and 9.1 per cent respectively. Similarly, in 2022-23, the national growth rate of constant prices was recorded at 7.2 per cent, against the state’s growth rate of 9.8 per cent while the state’s growth rate of current prices was recorded at 14.3 per cent during the period,” a government release quoted CM Yogi as saying.

The state has once again secured the top position in milk production and ranks third in terms of progress in egg production, achieving an annual growth rate of 12.80 per cent, it was claimed, adding that industrial power consumption in the secondary segment has increased by 17.0 per cent.

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