Uttar Pradesh

• 24 Oct 2024

Uttar Pradesh's Path to Economic Leadership

Why in News?

Recently, the Chief Minister highlighted Uttar Pradesh’s rapid growth towards becoming India’s top economy, driven by infrastructural, industrial, and agricultural advancements.

Key Points

• GSDP Growth: UP's Gross State Domestic Product (GSDP) is expected to surpass Rs. 32 trillion by FY25, up from Rs.26 trillion in FY24.
  • The government's crackdown on crime and land mafias has helped in reclaiming 64,000 hectares of land to create space for businesses.
  • The government highlighted Rs. 40 trillion FDI proposals and 15 million job opportunities.
• Focus on Traditional Sectors: Support for industries like Moradabad's brass, Firozabad's glass, and Bhadohi's carpets.
• Ease of Doing Business: UP ranked 2^nd in EODB, transitioning from 14^th place in 2017.
  • UP’s annual budget increased from Rs. 2 trillion to Rs.7.5 trillion since 2017.
  • Rs.1.5 trillion worth of infrastructure projects are underway.
• Tourism Boost: Cultural sites like Ayodhya, Varanasi, and Mathura attract millions of tourists.
• Infrastructure Development: Half of India’s expressways and 21 airports are in UP.
• Startup Ecosystem: The 'Nivesh Mitra' platform streamlines investment, supporting MSMEs and startups.
• Agriculture and Rural Growth: NABARD has provided Rs. 1 trillion in funding, and nearly 10,000 Farmer Producer Organizations (FPOs) are operational.

Farmer Producer Organizations (FPOs)

• FPOs are voluntary organizations controlled by their farmer-members who actively participate in setting their policies and making decisions.
• They are open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.
• FPOs operatives provide education and training for their farmer-members, elected representatives, managers, and employees so that they can contribute effectively to the development of their FPOs.
• FPOs in Gujarat, Maharashtra and Madhya Pradesh, Rajasthan and some other states have shown encouraging results and have been able to realise higher returns for their produce.
  • For example, tribal women in the Pali district of Rajasthan formed a producer company and they are getting higher prices for custard apples.