- State index of education, health, economic condition of families and industry will be prepared: Chief Minister
- CM Yogi reviews ongoing efforts and its recent outcomes for achieving one trillion dollar economy goal
- It is necessary to collect data with accuracy for expected results, get staff trained: Chief Minister
- Chief Minister seeks proposal for the establishment of a Pharmaceutical Research and Innovation Institute near Lucknow
- Uttar Pradesh’s growth rate on current prices in 2021-22 was 20.1% against the country’s growth rate of 18.4%
- We have potential and favourable opportunities and we must take full advantage of this: Chief Minister
- Prepare targets for economic betterment; all depts should conduct monthly reviews with Planning department: Chief Minister
- There is a need to improve crop diversification and supply chain management: Chief Minister
By Our Correspondent
Lucknow: During a significant meeting on Monday, Uttar Pradesh Chief Minister Yogi Adityanath discussed the ongoing efforts, current outcomes, and future policies aimed at achieving the ambitious goal of establishing Uttar Pradesh as a one-trillion-dollar economy. Several state government ministers attended the meeting, which was organised by the Planning Department. In the meeting, the Principal Secretary of the Planning Department and representatives from the financial consulting company Deloitte provided detailed information about the current economic environment of the state. They elaborated on the present situation and potential future outcomes, industry expectations, and other relevant details sector-wise. Major guidelines given by the Chief Minister in the special meeting…
● Due to the planned efforts of the last six and a half years, the economy of Uttar Pradesh is in its best condition today. The state’s total GDP, which stood at Rs 16.45 lakh crore in 2021-22, has now surged to over Rs 22.58 lakh crore in 2022-23. With a 9.2% contribution to the national income, Uttar Pradesh has emerged as the second-largest economy in the country, playing a pivotal role as the growth engine of the country.
● An assessment of the state’s growth rate compared to the national standards has also revealed positive results of our efforts. Uttar Pradesh’s growth rate at current prices and constant prices in 2021-22 was 20.1% and 9.8% against the country’s growth rate of 18.4% and 9.1 percent respectively. Similarly, in 2022-23, the national growth rate of constant prices was recorded at 7.2%, against the state’s growth rate of 9.8% while the state’s growth rate of current prices was recorded at 14.3% during the period.
● In the present scenario, the GDP of the state is estimated to be more than Rs 25.55 lakh crore in 2023-24. To reach the one-trillion-dollar target by 2027, it is imperative that all departments escalate their efforts. Enhanced planning and coordination are essential. Our intentions are clear, and our goal is well-defined. Everyone will have to work together with right policy and planned implementation.
● For our planning to be in line with the target, it is crucial to gather accurate data. Organise workshops/training for statistical officers at each department level to ensure proper assessment of the situation in various sectors.
● We possess significant potential, and the current landscape offers favorable opportunities. We will have to take full advantage of this. The progress of all departments should be reviewed every month by the Planning department against the targets set for economic betterment.
● Digital technology has been incorporated to improve the primary segment of the economy, with initiatives such as digital crop surveys being successfully implemented. This has to be implemented effectively in all 75 districts. Notably, the area of cultivation and production of sugarcane increased by 26.8% in 2021-22, while horticultural crop production saw a substantial rise of 31.9%. State-sponsored schemes aimed at achieving self-sufficiency in pulses and oilseeds in Uttar Pradesh are yielding favorable results. However, there is a need to further enhance crop diversification and improve supply chain management.
● Once again, the state has secured the top position in milk production. Additionally, it ranks third in terms of progress in egg production, achieving an annual growth rate of 12.80%. This progress is satisfactory.
● Industrial power consumption in the secondary segment has increased by 17.0%. Survey of units established in the Industrial Authority area, identification of unused plots, and establishment of a new Industrial Corridor are underway. Pledge Parks are being established at 10 places.
● The state is experiencing rapid growth in the tertiary sector, encompassing hotels/restaurants, transport, communication, real estate, professional services, public services, defense, and other services. There has been unprecedented development in services related to the tourism sector. According to the Ministry of Tourism, Government of India’s report in 2023, Uttar Pradesh has got the distinction of having the highest number of tourist arrivals in 2022. In the financial year 2022-23, the state welcomed over 31.8 crore tourists, with Varanasi, Mathura, and Ayodhya emerging as major centers. This positive trend is expected to continue in the coming days.
● In addition to catering to domestic tourists, it is imperative to develop a comprehensive action plan to attract foreign tourists. This involves identifying potential countries and formulating a tailored policy for branding the state in alignment with the preferences and interests of these countries.
