Uttar Pradesh Becomes India's Second-Largest Economy, Sets Sight On $1 Trillion Milestone By 2027: Report

In a significant stride toward Chief Minister Yogi Adityanath's ambitious goal of reaching the $1 trillion mark by 2027, Uttar Pradesh has successfully claimed the position of India's second-largest economy, surpassing Tamil Nadu, Gujarat and West Bengal, according to a report by the online blogging platform soic.in and reported by The Times Of India.

The report, shared on X, indicates that Uttar Pradesh now holds a noteworthy 9.2 per cent share in the country's gross domestic product (GDP), positioning itself just behind Maharashtra, which leads with a 15.7 per cent share.

This marks a remarkable ascent for Uttar Pradesh, which previously held the third position.

The state has outpaced Tamil Nadu (9.1 per cent), Gujarat (8.2 per cent), and West Bengal (7.5 per cent) in GDP contribution.

Uttar Pradesh has also ascended from the 14th to the second position in the 'Ease of Doing Business' rankings.

Presently, Uttar Pradesh is actively exporting goods worth nearly Rs 2 lakh crore, showcasing its robust economic contribution.

The state's banking sector has also witnessed a commendable increase in the loan-deposit ratio, progressing from 42-43 per cent to 56 per cent, with plans to further enhance it to 60 per cent.