UP economy in best shape, to achieve $1-trillion goal: Yogi

The Planning Department principal secretary and representatives from the financial consulting company, Deloitte, provided detailed information about the current economic environment of the state.

The state’s economy is in its best shape at present due to planned efforts of the last six-and-a-half years, Adityanath claimed.

UP’s total gross domestic product (GDP), which was Rs 16.45 lakh crore in 2021-22, has reached Rs 22.58 lakh crore in 2022-23, he said, adding that the state has emerged as the second-largest economy in India with a 9.2% contribution to the national income.

“The assessment of the state’s growth rate compared to the national standards has also revealed positive results of our efforts. UP’s growth rate at current prices and constant prices in 2021-22 was 20.1% and 9.8% against the country’s growth rate of 18.4% and 9.1% respectively. Similarly, in 2022-23, the national growth rate of constant prices was recorded at 7.2%, against the state’s growth rate of 9.8% while the state’s growth rate of current prices was recorded at 14.3% during the period,” a government release quoted the CM.

The state has once again secured the top position in milk production and ranks third in terms of progress in egg production, achieving an annual growth rate of 12.80%, it was claimed, adding that industrial power consumption in the secondary segment has increased by 17.0%.

— With PTI inputs