Uttar Pradesh Chief Minister Yogi Adityanath today said the state, which was once struggling to pay salaries, is now a revenue-surplus economy.
Addressing FICCI’s National Executive Committee, Yogi welcomed entrepreneurs, emphasising that UP, the country’s most populous state and vast consumer and labour market, is open for investment.
“UP has witnessed extraordinary progress over the past eight years, a transformation now recognised nationally and globally,” he noted in his keynote address.
He emphasised this progress was made possible partly due to the constructive role of institutions like FICCI in shaping policy and promoting growth.
The state has now become the country’s growth engine and emerged as the second-largest state economy, he added.
Recalling the financial constraints faced in 2017, he shared that upon taking office, the government struggled to find funds even for farmers’ loan waiver and employees’ salaries.
“The government restored fiscal discipline by identifying and eliminating budgetary leakages amounting to Rs 36,000 crore, a key factor in transforming UP into a revenue surplus state,” the CM remarked.
Today, the state boasts 400,000 kms of National Highway (NH) network, 16 functioning airports (four international and 12 domestic), and Asia’s largest Jewar airport, which is under construction, he recalled.
Moreover, steps like a logistics hub and dry port have made UP attractive for investment, he pointed out.