Uttar Pradesh has recorded a significant improvement in its economic indicators in recent years, emerging as India's third largest economy. According to official government data, the state now contributes about 9.1 per cent to the national GDP. The Gross State Domestic Product (GSDP) for FY2024-25 is estimated at Rs 30.25 lakh crore, reflecting a growth of 13.4 per cent over the previous fiscal year.
Key Economic Metrics
The per capita income in Uttar Pradesh stood at Rs 1,26,304 in FY2024-25, indicating rising prosperity among residents. The state has also recorded a compound annual growth rate (CAGR) of 10.8 per cent over recent years, highlighting sustained expansion in overall economic output. This growth trajectory places Uttar Pradesh among the fastest-growing major economies in India.
Sectoral Contribution
In terms of sectoral composition, services account for the largest share of the state's economy, followed by industry and agriculture. Within the industrial sector, manufacturing and construction have been key drivers of growth. Meanwhile, services continue to dominate economic output in urban centres, supported by a thriving IT sector, financial services, and tourism.
Export Readiness and Infrastructure
Uttar Pradesh has also made notable strides in export readiness. The state ranks first among landlocked states in the Export Preparedness Index, reflecting improvements in logistics, policy environment, and trade infrastructure. This achievement underscores the state's growing competitiveness in global markets and its potential to attract foreign investment.
District-Level Performance
At the district level, the top five contributors to GSDP include Gautam Buddha Nagar, Lucknow, Agra, Prayagraj, and Meerut. These districts are economic powerhouses, driven by industrial clusters, administrative activities, and tourism. The state comprises 75 districts and 18 administrative divisions, with economic activity increasingly spread across both urban and semi-urban regions. This decentralization of growth is fostering balanced regional development.
Overall, Uttar Pradesh's economic transformation is a result of sustained policy reforms, infrastructure development, and a focus on improving the ease of doing business. The state government's initiatives in sectors like manufacturing, services, and exports are expected to further accelerate growth in the coming years.
