Uttar Pradesh's GDP will increase four times in five years, know what is Yogi government's plan

Uttar Pradesh’s GDP will increase four times in five years, know what is Yogi government’s plan

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New Delhi: After creating history in the Uttar Pradesh assembly elections, Chief Minister Yogi Adityanath has now started working on a plan to make the state financially prosperous. The state government’s plan is to make the state’s economy a $1 trillion (about Rs 76 lakh crore) economy in the next five years. For this the government is going to appoint a consultant.

UP’s development is necessary for the development of the country

To achieve Prime Minister Narendra Modi’s goal of making India’s economy a $5 trillion economy, it is necessary to accelerate the economy of Uttar Pradesh. It is not only the largest state in the country in terms of population but also comes second in area. It is the third largest state in the country in terms of economy. There is a lot of potential for the development of industries here. Human labor is also available in sufficient quantity here. Unless this state is developed, it will be difficult to achieve the Prime Minister’s target of 5 trillion economy.

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Notification issued for the appointment of Consultant

According to the news of the English business news website Economic Times, the Uttar Pradesh government had issued a notification for the appointment of consultants in 2020. 8 companies had shown interest in this. Deloitte, Boston Consulting, IIM-Lucknow and Grant Thornton were also among them. But then this process could not be completed. The state government has again issued a notification for this. According to the new notification of the UP government, consultant companies can apply till April 14. The technical bids will be opened on April 18.

PM’s target of 5 trillion economy

The GDP of Uttar Pradesh is estimated to be Rs 21.74 lakh crore in the current financial year 2021-22. In the financial year 2020-21, the estimated economy of the state was Rs 19.40 lakh crore. The state government will have to increase its GDP four times for the next five years i.e. by the financial year 2026-27 to meet the target of 1 trillion dollar economy. The special thing is that the next elections to the state assembly will also be held in 2026-27. Prime Minister Narendra Modi has set a target of financial year 2024-25 to make India’s economy a 5 trillion dollar economy.

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At present UP is an agricultural state. For rapid growth in the economy, the government will have to take steps towards industrialization. To attract new investments, you have to change your policies.

Tags: CM Yogi Aditya Nath, Economy, UP Government

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