Uttar Pradesh Chief Minister Yogi Adityanath, on Monday, said the intentions of the state government were clear, the goals were well defined, and with the right policy and precise implementation, the government would achieve the $1-trillion target.
The chief minister said the state index of education, health, economic condition of families and industry would be prepared. He said it was necessary to collect data with accuracy for expected results.
Chief Minister Yogi Adityanath on Monday reviewed the ongoing efforts, current outcomes and future policies aimed at achieving the ambitious goal of establishing Uttar Pradesh as a one-trillion-dollar economy.
The chief minister said that a proposal be invited for the establishment of a pharmaceutical research and innovation institute near Lucknow. He said UP had the potential and favourable opportunities and must take full advantage of this.
Several ministers attended the meeting, organised by the Planning department. In the meeting, the principal secretary (Planning) and representatives from financial consulting company Deloitte presented 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.
The chief minister issued major guidelines 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 (gross domestic product), 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 per cent 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. Uttar Pradesh’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 at 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.
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. The state’s intentions are clear, and the goal is well-defined, and everyone will have to work together with the right policy and planned implementation.
For the planning to be in line with the target, it is crucial to gather accurate data, Chief Minister Yogi Adityanath pointed out. “Organise workshops/training for statistical officers at each department level to ensure proper assessment of the situation in various sectors,” he said.
The chief minister said, “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.”
The chief minister pointed out that 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,” said.
Notably, the area of cultivation and production of sugarcane increased by 26.8 per cent in 2021-22 while horticultural crop production saw a substantial rise of 31.9 per cent. 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 per cent. This progress was satisfactory, the chief minister said.
Industrial power consumption in the secondary segment has increased by 17.0 per cent. 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, defence, 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 centres. This positive trend is expected to continue in the coming days.
The chief minister pointed out that 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.
