In a major milestone achieved by the Yogi Adityanath government, Uttar Pradesh has emerged as the second largest economy of India after Maharashtra in terms of gross domestic product (GDP) share.
Highlighting the efforts of Chief Minister Yogi Adityanath towards making UP the leading state in terms of economy, a report of prominent online blogging platform soic.in, which keeps track of investments and stock market, has revealed that UP is the second largest state in the country in GDP share after Maharashtra.
The report is in the form of creative graphics and is based on Sensex and CSLA (Credit Lyonnais Securities Asia).
According to official statistics, UP was third in GDP share. With this achievement, the Yogi government will now work on making the state the top economy of the country.
In a creative shared on the social media platform X, UP is depicted as securing the second position in terms of GDP share. As per this, while Maharashtra leads with a GDP share of 15.7 per cent in the country’s total GDP, UP follows closely with a GDP share of 9.2 per cent.
In the context of GDP share, UP has outpaced states such as Tamil Nadu (9.1 per cent), Gujarat (8.2 per cent) and West Bengal (7.5 per cent). States like Karnataka (6.2 per cent), Rajasthan (5.5 per cent), Andhra Pradesh (4.9 per cent) and Madhya Pradesh (4.6 per cent) are significantly behind UP.
Under the leadership of Chief Minister Yogi Adityanath, UP has progressed rapidly in every field over the past seven years. Organised crime in the state has now reduced to zero, while the industrial sector is making rapid strides in development. UP has also jumped from the 14th to the second position in the ‘Ease of Doing Business’ rankings.
Additionally, due to improvements in law and order, connectivity and infrastructure, the state has received investment proposals of over Rs 40 lakh crore through Global Investors Summit 2023, which are likely to be implemented on the ground soon. This will create more than one crore employment opportunities in the state.
Currently, the state is exporting goods worth nearly Rs 2 lakh crore. The loan-deposit ratio of banks has increased from 42-43 per cent to 56 per cent, while work is being done to increase it to 60 per cent. UP is now a revenue surplus state, with 56 per cent of its population employed. Moreover, around 96 lakh micro, small and medium enterprise (MSME) units have been established in the state.
Chief Minister Yogi has placed UP, once considered a BIMARU state, at the forefront in the race for development. These achievements will not only make UP the growth engine of the country but also contribute to achieving the goal of making the state a one-trillion economy by 2027.
