Google to offer cloud agri services in UPUP CM Yogi Adityanath

Virendra Singh Rawat

Uttar Pradesh chief minister Yogi Adityanath has stressed on boosting the state’s growth rate to achieve the ambitious $trillion economy target.

Chairing a review meeting in Lucknow yesterday, Yogi said owing to the planned efforts in the last 7 years, the state is currently on a strong economic footing.

The Gross State Domestic Product (GSDP) of UP was Rs 16.45 trillion in 2020-21, which increased to Rs almost Rs 25.50 trillion in 2023-24.

“UP is contributing 9.2% to the national income. Today, UP is becoming the growth engine of the country, emerging as the second-largest economy in the country,” he added.

Extrapolating the state’s economic growth rate against national standards, UP’s efforts yielded commendable results, the CM noted.

In 2021-22, the growth rate of UP at current prices was 20.1%, while at constant prices it was 9.8%.

Similarly, in 2023-24, a growth rate of 8% was recorded at constant prices and a 12.8% at current prices.

“These figures indicate that UP is steadfastly progressing along the path of development. It is imperative for us to further advance our efforts in a meticulously planned manner,” he said.

Meanwhile, the Compound Annual Growth Rate (CAGR) of UP between 2021-22 and 2023-24 stood at roughly 15.7%.

“To achieve the target of One Trillion Dollar Economy (OTDE) by 2027, we will have to more than double our growth rate. Our objective is well-defined, and it requires collective efforts towards implementing the right policies and meticulous execution,” Yogi observed.

In the meeting, the UP planning department and consulting agency Deloitte India provided detailed sector-wise information about the state’s current economic environment and potential future outcomes, as well as industry expectations.

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