Infrastructure
UP Chief Minister Yogi Adityanath Unveils 10 Key Sectors State Will Focus On For $1 Trillion Economy Goal
Swarajya Staff
Apr 03, 2023, 03:55 PM | Updated 05:48 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
In a bid to achieve the ambitious goal of a $1 trillion economy, the Chief Minister of Uttar Pradesh, Yogi Adityanath, has revealed a detailed action plan to focus on 10 key sectors. The announcement came after the recently held Global Investors Summit, where investment proposals worth Rs 35 lakh crore were received.
The 10 sectors identified by the state government include law and order, agricultural production, social security, infrastructure and industrial development, urban development, rural development, medical and health, education, tourism and culture, and revenue collection. The responsibility of each sector has been assigned to an experienced officer of the level of additional chief secretary.
With a historic budget of Rs 6.90 lakh crore for the financial year 2023-2024, the state government is optimistic about achieving the goal of establishing Uttar Pradesh as the country's largest economy by 2027. Yogi Adityanath has instructed officials to prepare a detailed action plan in mission mode for the next four years.
The announcement of the 10 sectors to focus on has been welcomed by experts and industry leaders, who believe that a coordinated effort in these areas could unlock the state's full economic potential.
The state has made significant progress in improving the overall infrastructure, with massive investments in sectors such as expressways, airports and digital connectivity. These measures have helped create a conducive environment for business and investment, with several multinational companies setting up their operations in the state.
According to a government spokesperson, despite the economic downturn witnessed by the world during the last three years of the Covid-19 pandemic, Uttar Pradesh's Gross State Domestic Product (GSDP) recorded an impressive growth of 16.8 percent in 2021-22. This growth has been attributed to the financial discipline and joint efforts of the government.
Furthermore, Uttar Pradesh's contribution to the national Gross Domestic Product (GDP) stands at approximately 8 per cent.
The success of this initiative could not only transform the economy of UP but also have a impact on the country's overall growth trajectory, including the target of becoming a $5 trillion economy in the next few years.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.