Despite Covid-induced slowdown in economies across the world, Uttar Pradesh has been able to keep up with the pace to once again become the second largest state of India in terms of Gross State Domestic Product (GSDP).
The Finance department data, reveals that the state’s GSDP in the 2020-2021 financial year has crossed ₹19.48 lakh crore, equivalent to $268 billion, and UP has climbed to the second spot from number five in 2019-2020.
Maharashtra continues to lead from the top position while UP moved up three ranks past Tamil Nadu, Gujarat and Karnataka. UP’s GSDP at ₹ 19.48 lakh crore is more than Tamil Nadu’s ₹ 19.2 lakh crore, Karnataka’s ₹ 18.03 lakh crore and Gujarat’s ₹ 17.4 lakh crore.
Four years ago, in 2017, Uttar Pradesh's state GDP was ₹11 Lakh Crores but has doubled today. The manufacturing sector has shown significant growth. Until 2014, entire India had 2 mobile phone handset plants however today, Noida alone has 90 Mobile manufacturing plants which are nothing less of a miracle.
If Yogi successfully pulls through his ambitious Defence Industrial Corridor, it will spread growth to untouched areas of the Purvanchal & Bundelkhand region as the majority of its area is still under poverty and untouched by the benefits of a growing economy.
Expressways like Purvanchal Expressway, Bundelkhand Express and the upcoming Ganga Expressway will move the growth to the most backward areas of Uttar Pradesh despite vast resources and a fantastic ecosystem.
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