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.
Nayan Dwivedi is Staff Writer at Swarajya.
An appeal from Swarajya
At Swarajya, we rely on our readers' support through subscriptions to sustain our media platform. Unlike larger conglomerates, we are unable to relentlessly chase advertising money — our model is largely built on your patronage.
Your support has never been more crucial. We work tirelessly to deliver 10-15 high-quality articles daily, ensuring you receive insightful content from 7 AM to 10 PM.
If you believe India's story has to be articulated in a way it has never been done before without shrugging it off, become a patron (or) subscribe now for ₹̶2̶4̶0̶0̶ ₹1999 and get 12 print issues, unlimited digital access for 1 year, a special India that is Bharat T-shirt (Offer ends soon).
We are counting on you!