Airports to highways: Tracking the making of UP's economy

State's ambition to be a $1 trn economy is driven by various industries

- BS REPORTER

Under the leadership of Uttar Pradesh Chief Minister Yogi Adityanath, the state government has taken several steps for infrastructure development, seeking investments and supporting cooperatives and traditional crafts.

On December 24, participating in the discussion on the Supplementary Budget 2025-26, Adityanath underscored the state's transformation into a premier investment destination, driven by a paradigm shift towards “fearless business”, “ease of doing business”, and “trust of doing business”.

Adityanath said Uttar Pradesh has shed its “Bimaru’ tag to emerge as a revenue-surplus powerhouse through stringent fiscal discipline and good governance. UP’s Gross State Domestic Product (GSDP) has increased nearly threefold, rising from ₹12.88 trillion (FY16) to an estimated ₹35-36 trillion. Per capita income has surged from ₹43,000 to ₹1,20,000.

Highlights of the economic and social turnaround include financial Inclusion and the Credit-Deposit (CD) ratio improving from 44 per cent to 62-65 per cent, with a target to reach 70 per cent, ensuring local deposits are reinvested within the state. UP is rapidly becoming a global logistics hub with 22 expressways (set to account for 60 per cent of India’s total expressway network) and the highest number of airports (16 operational, including 4 international), he said.

Investments for employment

The Chief Minister said that investments have created direct jobs for more than 6 million people. He credited the micro, small and medium enterprises sector for supporting nearly 20 million families. Agriculture growth rate has leapt from 8 per cent to 18 per cent.