UP races past major States to emerge as India’s second-largest economy

Uttar Pradesh became India’s second-largest economy, surpassing key States and surging ahead in a commendable stride towards Chief Minister Yogi Adityanath’s ambitious goal of achieving the $1-trillion mark by 2027.

According to a report from a prominent online blogging platform or SOIC Finance, Uttar Pradesh claimed the second-largest share in the country's GDP after Maharashtra.

The recently-shared report on the X disclosed that Uttar Pradesh commanded a substantial 9.2 per cent share of the nation’s GDP, elevating it from its previous third-place standing.

The State has outpaced economic contributors such as Tamil Nadu (9.1%), Gujarat (8.2%), and West Bengal (7.5%). Furthermore, it has surged past Karnataka (6.2%), Rajasthan (5.5%), Andhra Pradesh (4.9%) and Madhya Pradesh (4.6%).

A government spokesperson reportedly noted that there was a remarkable reduction of organised crime to zero and rapid development in the State’s industrial sector.

Uttar Pradesh has also climbed from the 14th to the second position in Ease of Doing Business rankings. The spokesperson said: “Due to improvements in law and order, connectivity and infrastructure, the State has received investment proposals of over Rs 40 lakh crore through GIS 2023, likely to be implemented soon, creating more than one crore employment opportunities.”

Currently, the State is exporting goods worth nearly Rs 2 lakh crore, and the credit-deposit ratio of banks has increased from around 43 to 56 per cent, with plans to further elevate it to 60 per cent.

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