About Uttar Pradesh

Uttar Pradesh – An Economic Snapshot

GSDP for 2021-22: Rs. 21.74 Trillion (US$ 294.90 billion)

CAGR of 11.39% from 2015-16 to 2021-22; Further growth expected

  • India’s 3rd largest economy
  • Growing at 11.39% CAGR (FY21-22)
  • 8% Contribution to national GDP
  • 23% Per capita income growth (FY16-20)
  • 5th Rank amongst Landlocked States on Export Preparedness Index 2020

Advantage Uttar Pradesh

Uttar Pradesh has the advantages of excellent rail and road connectivity, a rich labour pool, a favourable business environment and a hub of IT/ITeS services and semiconductor industries.
  • Uttar Pradesh is at the heart of India with a population of 24 Crores which makes UP the largest consumer market in India
  • 56% of its population is of a working age
  • It is the 3rd largest economy of India with 7% GSDP growth (FY 16-20) and contributing more than 8% to India’s GDP
  • It has a Year on Year growth of 18% in exports
  • It is ranked 2nd in Ease of Doing Business
  • Nivesh Mitra is one of India’s leading Single Window Clearance System
  • Uttar Pradesh has India’s highest number of MSMEs, 20+ sectoral policies and top 5 manufacturing destinations
  • Uttar Pradesh has India’s largest railway network and 2nd largest road network

Key Business-Friendly Government Policies

  • Uttar Pradesh Startup Policy 2020
  • New Electronics Manufacturing Policy 2020
  • UP Defense and Aerospace Units and Employment Promotion Policy 2018
  • New Tourism Policy 2018
  • Uttar Pradesh Information Technology & Start-up Policy 2018
  • Uttar Pradesh Civil Aviation Policy 2017

The key industries of the state are Information Technology, Agro Processing, Mineral-based industries, Textiles, Food Processing, Handloom and Handicrafts, Sports Goods and Tourism.

The Government of Uttar Pradesh is working single-mindedly towards achieving the goal of making Uttar Pradesh a $1 trillion economy. It has created a holistic ecosystem for industrial investment through progressive Industrial and Sector policies, single-window system, regulatory reforms and ease-of-doing business. This has not only boosted the state’s gross domestic product (GSDP) and employment opportunities, but also helped Uttar Pradesh become a leading investor-friendly destination, both nationally and globally. Thus Uttar Pradesh is driving the country’s economy.