Monday, Apr 28 2025 | Time 23:07 Hrs(IST)
Business EconomyPosted at: Apr 28 2025 5:31PM


UP targets over Rs 30L crore economy in 2025-26 fiscal

Lucknow, Apr 28 (UNI) In a major achievement Uttar Pradesh's economy has more than doubled, rising from Rs 12.88 lakh crore in 2017 to Rs 27.51 lakh crore, without the raising of taxes, official sources said here on Monday.
Sources said that the Yogi government is now ambitiously targeting an economy worth over Rs 30 lakh crore in the financial year 2025-26. "Chief Minister Yogi Adityanath has repeatedly exposed how previous governments allowed rampant corruption and looting of public wealth, leaving the state coffers empty, so much so that even paying salaries to government employees was a struggle," they said.
Sources said that in sharp contrast, the Yogi government's commitment to good governance and transparent administration has stabilised the state's finances and propelled UP to new heights of economic prosperity. "One of CM Yogi's most significant achievements has been shedding UP's image as a 'BIMARU' state. Through relentless efforts, he has positioned UP as the 'growth engine' of India for the past five years," they said.
Sources said that although UP has always been India's largest state by population, its Gross State Domestic Product (GSDP) from 1950 to 2017 had only reached Rs 12.75 lakh crore. "Under Yogi's leadership, the GSDP has more than doubled to Rs 27.51 lakh crore, with a target of Rs 30.77 lakh crore set for the current fiscal," they said.
Sources said that UP today stands tall as India’s second-largest economy, contributing 9.2 per cent to the national Gross Domestic Product (GDP). "In 2023–24, while India's GDP grew at 9.6 percent, UP outpaced it with an impressive growth rate of 11.6 percent," they said.
Sources said that before 2017, when UP struggled to pay salaries on time and development projects stalled due to chronic budgetary shortfalls. "Today, due to prudent fiscal management and structural reforms under CM Yogi, UP has become a revenue-surplus state for five consecutive years, all without burdening its citizens with additional taxes," they said.
Sources said that the government tackled tax evasion, plugged revenue leakages and embraced digital governance on a large scale to enhance transparency. "Despite having the country's lowest diesel and petrol rates, UP has continued its remarkable journey toward economic prosperity, proving that sustainable development is achievable with honest leadership and strategic planning," they said.
Sources said that CM Yogi has placed Prime Minister Narendra Modi's vision of Digital India at the core of his governance priorities. "As a result, UP today stands as a shining example of the digital revolution in India. By December 2024, during the financial year 2024–25, the state recorded over 1,000 crore digital transactions, with more than half conducted through UPI," they said.
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