In a significant achievement for Chief Minister Yogi Adityanath’s administration, Uttar Pradesh has secured its position as the second-largest economy in India.
Highlighting Chief Minister Yogi Adityanath’s dedication to elevating Uttar Pradesh as an economic leader, a report from the prominent online blogging platform soic.in, monitoring investments and the stock market, discloses UP’s status as the second-largest state in the country in terms of GDP share, closely following Maharashtra. The comprehensive report, presented through creative graphics and relying on Sensex and CSLA (Credit Lyonnais Securities Asia), sheds light on the state’s economic prowess.
Initially third in GDP share, Uttar Pradesh’s remarkable ascent prompts the Yogi government to focus on propelling UP to the forefront of the nation’s economy.
An illustrative depiction on the social media platform X illustrates Uttar Pradesh securing the second position in GDP share. While Maharashtra leads with 15.7 percent of the country’s total GDP, Uttar Pradesh closely follows with 9.2 percent. Uttar Pradesh has surpassed states such as Tamil Nadu, Gujarat, and West Bengal in GDP share, showcasing remarkable economic growth.
Under Chief Minister Yogi Adityanath’s leadership, Uttar Pradesh has experienced rapid progress across all sectors in the past seven years. Organized crime has been eradicated, and the industrial sector is advancing significantly. UP has climbed from the 14th to the second position in the ‘Ease of Doing Business’ rankings.
Furthermore, improvements in law and order, connectivity, and infrastructure have attracted investment proposals exceeding Rs 40 lakh crore through GIS 2023, expected to translate into over one crore employment opportunities. Currently exporting goods worth nearly Rs 2 lakh crore, the state’s banks have witnessed an increase in the loan-deposit ratio from 42-43 percent to 56 percent, with efforts underway to push it to 60 percent.
Uttar Pradesh has transformed into a revenue surplus state, employing 56 percent of its population, and establishing around 96 lakh MSME units. CM Yogi has positioned Uttar Pradesh, once considered a BIMARU state, as a leader in the race for development. These accomplishments not only position UP as the growth engine of the country but also contribute significantly to the goal of making the state a $1 trillion economy.