Priyanka Tiwari
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Suspense crime, Digital Desk : The government of Uttar Pradesh, led by Chief Minister Yogi Adityanath, is spearheading an ambitious drive to expand the state's economy to a staggering $1 trillion by 2027. This target is not just an economic milestone; it's a crucial political goal strategically timed to coincide with the next state Assembly elections.
Currently the second-largest state economy in India, trailing only Maharashtra, UP's vision for exponential growth is built on a multi-pronged strategy focused on attracting investment, boosting key sectors, and massive infrastructure development. The government is working to create a robust framework that can sustain high growth rates over the next few years.
The Blueprint for Growth
Central to this economic roadmap is a sharp focus on three core areas:
Manufacturing and Industrial Growth: The state is aggressively promoting itself as a leading manufacturing hub. The plan involves increasing the manufacturing sector's contribution to the Gross State Domestic Product (GSDP) through policies that support industries like electronics, textiles, food processing, and defense manufacturing.
Infrastructure as the Foundation: A vast network of expressways, new airports, and dedicated industrial corridors is being developed to enhance connectivity and logistics. This modern infrastructure is designed to reduce the cost of doing business and create an attractive environment for both domestic and foreign investors.
Boosting the Services Sector: Alongside manufacturing, there is a significant push to grow the services sector, particularly in IT and ITeS (IT-enabled services), tourism, and healthcare. Developing cities like Noida and Lucknow into major IT hubs is a key priority.
Attracting Investment and Improving Business Climate
To fuel this growth, Uttar Pradesh has been actively courting global and domestic investors. The landmark Global Investors Summit (GIS) held previously was a testament to these efforts, securing massive investment proposals. The government is also focused on improving its "ease of doing business" rankings by streamlining regulations, digitizing services, and offering incentives for new enterprises.
The goal is not only to increase the overall GSDP but also to significantly raise the per capita income of its more than 240 million citizens. Achieving this $1 trillion target by the 2027 deadline will be a monumental task, requiring sustained high growth and effective policy implementation. However, for the Adityanath government, success would mean not just an economic triumph but a powerful political statement ahead of the crucial state polls.
Read More: Faster Journeys Ahead: Massive 773-km Railway Upgrade Connecting Key UP Cities Nears Completion
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