The economy of Uttar Pradesh (UP) has undergone a significant transformation between the pre-2017 period and 2026, shifting from being considered an economic drag to a central driver of national growth, with the state GSDP doubling from approximately ₹13.30 lakh crore in 2016-17 to over ₹30 lakh crore in 2024-25.
The economy of Uttar Pradesh (UP) has undergone a significant transformation between the pre-2017 period and 2026, shifting from being considered an economic drag to a central driver of national growth, with the state GSDP doubling from approximately ₹13.30 lakh crore in 2016-17 to over ₹30 lakh crore in 2024-25. Economic Growth & Size Past (Pre-2017): - The state was frequently labeled a "BIMARU" state, characterized by slow growth and, in the years leading up to 2017, GSDP growth rates that had slowed to around 3.9%–4.4%. Present (2026): - UP is now the 2nd largest state economy in India and one of the fastest-growing. The GSDP is projected to reach ₹36 lakh crore by 2025-26, representing a CAGR of 11.7% over the previous 9 years. Per Capita Income Past:- In 2016-17, the per capita income was approximately ₹52,671. Present: - By 2023-24, this increased to ₹93,514, with projections for 2024-25 exceeding ₹1 lakh. Despite this improvement, it remains around half the...