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Wednesday, October 5, 2022

UP moves up three ranks to second position on GSDP list

Uttar Pradesh (UP) has become the second-largest state of Bharat in terms of Gross State Domestic Product (GSDP) at Rs 19.48 lakh crore, surging ahead of even industrialized states like Gujarat and Tamil Nadu, despite Covid-induced slowdown in economies across the world

The finance department data, accessed by TOI, reveals that

The state’s GSDP in the 2020-2021 financial year has crossed Rs 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 Rs 19.48 lakh crore is more than Tamil Nadu’s Rs 19.2 lakh crore, Karnataka’s Rs 18.03 lakh crore and Gujarat’s Rs 17.4 lakh crore.

UP was ranked fifth in 2019-2020 and in 2020-2021, it jumped three ranks, to swap its position with Tamil Nadu.

MSME and export promotion minister Sidharth Nath Singh said that “Our state has been making rapid strides in industry and economy under the able leadership of Chief Minister Yogi Adityanath, who has ensured an industry-friendly eco-system in the state as a result of which UP had achieved the second position among all states in ease of doing business in a short span.”

According to experts, agriculture played a key role in giving livelihood to a vast population during lockdown and layoffs, but the upsurge in GSDP proves that other non-agriculture activities are also showing signs of resilience.

Recently UP has been in the headlines for leaving an impact at the national level and jumped to the second rank in the ease of doing business and was declared the best-performing state in Kisan Samman Nidhi distribution. On Wednesday, CM Yogi Adityanath had announced in the assembly that the state government has received a certificate from the Union government for benefiting 2.37 crore farmers under Kisan Samman Nidhi Yojana.

The report further mentions that the chief minister has been pushing industrial growth as his key agenda and organized the investors’ summit in which MoUs of Rs 4.28 lakh crore were signed, out of which projects of nearly Rs 3 lakh crore have started at the ground level. State exports have also increased to 32 percent in the last two years.

(Featured Image Source: Zee News)

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