Uttar Pradesh Chief Minister Yogi Adityanath, while addressing the state Assembly on the supplementary budget for 2025-26, painted a picture of a state undergoing a profound economic transformation. He asserted that Uttar Pradesh is decisively shedding its old 'BIMARU' tag and is now building a new identity anchored in robust economic growth and investor-friendly governance.
From BIMARU to Business Hub: The Macroeconomic Leap
Adityanath presented stark figures to underline the state's changed economic scale. He stated that the Gross State Domestic Product (GSDP), which stood at ₹12.88 lakh crore during the 2012-16 period, has now surged to approximately ₹35-36 lakh crore. Similarly, the per capita income of the state's residents has seen a dramatic rise from around ₹43,000 to about ₹1.20 lakh.
The Chief Minister credited this turnaround to a dual focus on fiscal discipline and administrative reforms. He told the House that prioritizing "financial discipline" and "good governance" has been central to the government's approach, which now actively promotes a Fearless Business environment, Ease of Doing Business, and Trust of Doing Business.
Banking on Growth: Credit Flow and Job Creation
A significant highlight of the address was the improved health of the banking sector within the state. Adityanath revealed that Uttar Pradesh's Credit-Deposit (CD) ratio has climbed from a modest 44% to a robust 62-65%, with a new target set at 70%. This indicates that a much larger share of deposits collected in the state is now being lent out locally, fueling enterprise and self-employment.
Linking this to tangible outcomes, the CM said investment proposals worth ₹15 lakh crore have been implemented on the ground, leading to the creation of direct employment for 60 lakh youth. He further emphasized the critical role of Micro, Small, and Medium Enterprises (MSMEs), noting that about 96 lakh MSME units are operational, supporting nearly two crore families across Uttar Pradesh.
Sectoral Strengthening and Welfare Delivery
The economic narrative was bolstered with sector-specific data. Adityanath claimed the state's agricultural growth rate has jumped from 8% to 18%, signaling a strengthened rural economy. In healthcare infrastructure, he highlighted progress toward the "one district, one medical college" goal, with 81 medical colleges now either operational or under construction.
On renewable energy, the CM cited initiatives like 1 GW solar projects, positioning UP as a leading state in solar capacity creation. He also assured the Assembly that welfare delivery through schemes like free ration and Ayushman Bharat is now "faceless" and corruption-free, ensuring benefits reach eligible citizens without intermediaries.
Adityanath firmly linked law and order to economic confidence, reiterating a "zero tolerance" policy towards crime. He argued that enhanced security has fostered a stronger sense of safety among traders and investors, completing the state's pitch as a premier investment destination. Through this budget debate, the Chief Minister wove together metrics of output, income, credit, and investment into a comprehensive story of Uttar Pradesh's changing economic trajectory.
