Economy of Uttar Pradesh

Economy of Uttar Pradesh
Noida Expressway
CurrencyIndian Rupee ₹
1 April - 31 March
Country group
Statistics
GDPIncrease ₹25.48 lakh crore (US$310 billion) (2023-24 est.)[3]
GDP rank4th (2023-24)
GDP growth
Increase5.8% (2024-25 est.)[3]
GDP per capita
Increase ₹105,000 (US$1,300) (2023-24 est.)[3]
GDP per capita rank
32nd
Population below poverty line
Positive decrease 22.93% in poverty (2019-21)[4]
Labour force by occupation
Agriculture, Industries, Civil services
UnemploymentPositive decrease 2.9% (June 2022)[5]
100000
Main industries
External
ExportsIncrease $21.03 billion (FY 2022)
Export goods
Public finances
₹7.84lakh crore ($94.4 billion )
Revenues$82.56 billion
Expenses$86 billion
All values, unless otherwise stated, are in US dollars.


Uttar Pradesh is the most populous state in India with a population of nearly 240 million people.[6] The economy of Uttar Pradesh is the fourth largest among states in India. The gross state domestic product (GSDP) of Uttar Pradesh increased from Rs 22.58 lakh crore in 2022–2023 to Rs 25.48 lakh crore (US$310 billion) in 2023–2024.[7] According to chief minister Yogi Adityanath Uttar Pradesh, GSDP might hit 32 lakh crore by March 2025.[8] Merchandise exports from Uttar Pradesh reached US$21.03 billion in FY22.[9]

Uttar Pradesh is the largest producer of food grains in India and accounted for about 17.83% share in the country's total food grain output in 2016–17. Food grain production in the state stood at 49,903.1 thousand tonnes in 2016-17 and 51,252.7 thousand tonnes in 2017–18.[9] Major food grains produced in the state include rice, wheat, maize, millet (bajra), gram, pea and lentils.

Uttar Pradesh is a favoured tourist destination in India with Varanasi, considered to be one of the oldest living city of the world, a holy place for devotees of Lord Shiva and Taj Mahal, one of the eight Wonders of the World, is also located here in Agra. In 2022, domestic tourist arrivals in the state stood at 317.91 million.[10] Varanasi, Agra, Ayodhya, Mathura and Prayagraj were among the most visited cities.

Cities like Noida, Meerut, Kanpur Nagar, Agra, Lucknow, Gorakhpur, Prayagraj and Ghaziabad are leading economic centres in the state.

The growth of Noida has come due to Yamuna Expressway. Now the government is pushing to create Meerut as the next Industrial hub and the Ganga Expressway is expected to fuel this.[11]

  1. ^ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund. Retrieved 29 September 2019.
  2. ^ "World Bank Country and Lending Groups". World Bank. Retrieved 29 September 2019.
  3. ^ a b c "Uttar Pradesh Budget Analysis 2024-25". PRS Legislative Research. 5 February 2024. Retrieved 14 September 2024.
  4. ^ "National Multidimentional Poverty Index" (PDF). NITI Aayog.
  5. ^ "Unemployment Rate in India" (PDF). Directorate General of Employment (DGE). Retrieved 19 August 2024.
  6. ^ "Uttar Pradesh Population 2022 | Sex Ratio & Literacy rate 2024". www.census2011.co.in. Retrieved 20 January 2024.
  7. ^ "Uttar Pradesh's GSDP rose to ₹25.48 lakh cr in 2023-24". The Times of India. 20 July 2024. ISSN 0971-8257. Retrieved 11 September 2024.
  8. ^ "UP's GDP to hit Rs 32 lakh crore by March next year: Yogi Adityanath". The Times of India. 24 October 2024. ISSN 0971-8257. Retrieved 29 October 2024.
  9. ^ a b "About Uttar Pradesh: Tourism, Agriculture, Industries, Economy & Geography". India Brand Equity Foundation. Retrieved 5 July 2023.
  10. ^ "Year-wise Tourist Statistics | Welcome to UP Tourism-Official Website of Department of Tourism, Government of Uttar Pradesh, India". www.uptourism.gov.in. Archived from the original on 1 January 2023. Retrieved 5 July 2023.
  11. ^ "Land earmarked for 2 logistics hubs along Delhi-Meerut Expressway". The Times of India. ISSN 0971-8257. Retrieved 23 November 2023.