Uttar Pradesh became the first state of the country to present its own ‘Economic Survey’ report showcasing the pace of development and acceleration in industrialization. The state’s contribution to the national economy has increased from 8.6 per cent in the year 2016-17 to 9.1 per cent in the year 2024-25.
According to the survey, “Developed India, Developed Uttar Pradesh @ 2047″ is not just a vision, but a visionary concept of economic self-reliance, social inclusion and administrative transparency. To achieve this goal, special attention will be given to investment, employment and sustainable development, along with priority will be given to digital economy, green energy and environmental balance. Youth will be made self-reliant by connecting them with skill development and startup schemes.”
The survey was tabled in the state assembly on Monday after the Governor’s address by state Finance Minister Suresh Kumar Khanna.
“UP’s economy stands on a strong foundation. Balanced growth in agriculture, industry, and services has propelled the state to new heights. Social schemes have provided relief to the common man, and infrastructure projects have shaped its future,” the finance minister said.
The report says the size of UP’s economy has doubled from ₹13.30 lakh crore in 2016-17 to ₹30.25 lakh crore (3.25 lakh crore) in 2024-25, and is poised to reach ₹36 lakh crore in 2025-26.
“Once a state that investors shied away from, it now receives industrial investment proposals worth more than ₹50 lakh crore. Uttar Pradesh’s transparent policies, timely incentives, and the “Triple S” (Safety, Stability, Speed) guarantee have boosted investor confidence,” it claimed.
At the time of independence, Uttar Pradesh’s per capita income was equal to the national average, but it steadily declined to only 50.2% of the national average in 2014-15. In 2024-25, the per capita income ratio will reverse this declining trend and reach a historic 53.5%, and will continue its upward trend.
The state’s per capita income (net product per person) was ₹54,564 in 2016-17, doubling in eight years to reach ₹109,844 in 2024-25. Per capita income is projected to reach ₹120,000 for the 2025-26 fiscal year.
The state’s per capita income, based on gross domestic product (GSDP per capita), is projected to increase from Rs 61,142 in 2016-17 to Rs 1,26,304 in 2024-25.
As per the year 2024-25, the contribution of agriculture and allied sectors in the economy (GSDP) of Uttar Pradesh is 25.8%, industrial sector is 27.2% and service sector is 47 per cent.
The Survey said budget size increased two-fold in the last 19 years. The total budget of the state has been estimated at Rs. 8.33 lakh crore for the year 2025-26, registering an increase of Rs. 4.86 lakh crore in the period (nine years) from the budget of Rs. 3.47 lakh crore in the year 2016-17, whereas in the corresponding previous period from 2008-09 to 2016-17 (eight years), this increase was only Rs. 2.34 lakh crore.
The state’s capital outlay has more than doubled from ₹69.79,000 crore in fiscal 2016-17 to ₹147.72,000 crore in fiscal year 2024-25 . This increase clearly reflects the state’s development-oriented financial priorities.
Uttar Pradesh’s public debt-to-GDP ratio, which was 29.3 percent in 2016-17, is projected to decline to just 28.0 percent in 2024-25, significantly lower than the national average of 81.3 percent and the global average of 92.8 percent. This reflects the state’s fiscal stability and discipline.
UP’s State Own Tax Revenue has increased by almost two and a half times from Rs. 0.86 lakh crore in 2016-17 to Rs. 2.09 lakh crore in 2024-25.
Uttar Pradesh is a leading state in agricultural production – the state’s share in the production of food grains, wheat, paddy, sugarcane, potato, banana, mango, guava, amla, and mint is the highest at the national level.
In the last eight years, there has been an increase of 115.5% in fisheries, first position in the country with 33.6% in milk production, and 167% increase in egg production.
The total irrigated area in the state was 2.16 crore hectares in the year 2016-17, which has increased by 27.8 percent to 2.76 crore hectares in the year 2024-25, which shows a significant increase of about 60 lakh hectares.
The cropping intensity of the state, which was 162.7 percent in the year 2016-17, has increased by 31% to 193.7 percent in the year 2024-25, which is the result of the state’s irrigation expansion schemes, crop insurance, Digicrop survey and agricultural reform policies.
The sugar mills operating in the state crushed 956.09 million tons of sugarcane, producing 9.245 million tons of sugar. New sugar mills were established in Pipraich, Munderwa, and Ramala.
More than 44 sugar mills have been modernized, resulting in the creation of an additional crushing capacity of 125,000 (1.25 lakh) TCD and employment of over 10 lakh people.
The government has made record sugarcane price payments of over ₹3.04 lakh crore to sugarcane farmers since 2017. This payment is approximately ₹90,800 crore more than the combined sugarcane price payments of ₹2 lakh crore in the previous 22 years (from 1995 to 2017). Sugarcane price rates have been increased by ₹30 per quintal for the 2025-26 crushing season.
In the industrial sector investments have increased in industries such as electronics, defense production, textiles, and food processing; incentives worth ₹4,000 crore were paid through various schemes in 2025, boosting investor confidence and attracting them to industrial corridors and expressway projects.
While a total of 14,169 factories were registered under the Factories Act 1948 in the state in 2016-17, this number has more than doubled to 30,695 by November of the financial year 2025-26. This achievement is a strong testament to the state’s industrial progress and investment attraction.
The latest report of the Annual Survey of Industries shows that the state’s industries’ gross value added has increased significantly by 25 percent compared to the previous year. This growth rate not only ranks first among the country’s major states but is also more than double the all-India average growth rate (11.9 percent).
Exports more than doubled. In 2016-17, the state’s total exports amounted to ₹0.84 lakh crore, which more than doubled over the past eight years, reaching ₹1.86 lakh crore in 2024-25. In the 2025-26 fiscal year, a total of ₹1.31 lakh crore has been exported by November. This growth is a strong testament to the state’s manufacturing capabilities, policy-driven development, and presence in global markets.
Uttar Pradesh has made significant improvements, ranking fourth (behind Maharashtra, Tamil Nadu, and Gujarat) in the Export Preparedness Index 2024 released by the Government of India in January 2026, down from seventh in 2022. Uttar Pradesh ranks first among landlocked states in this index. This achievement is a testament to the state’s export potential and policy strength.
Uttar Pradesh Leads in Investment Attraction Uttar Pradesh signed MoUs worth Rs 294,255 crore at the World Economic Forum 2026, including in AI-ready data centres, food processing, renewable energy, waste-to-energy and defence manufacturing.
Uttar Pradesh is included in the top performer category ‘A-1’ in the 5th edition of ‘State Startup Ecosystem Ranking’ released by the Government of India.
The One District One Product (ODOP) scheme has distributed a total of Rs. 890.44 crore margin money from 2018-19 to December 2025, giving global recognition to local industries, thereby creating more than 3.22 lakh jobs.
Uttar Pradesh is moving towards trust-based governance, where a digital, transparent and investment-friendly environment ensures simplicity and speed in every investment at every stage from land to labour; integrated, fast and reliable governance is available through Nivesh Mitra, and deregulation reforms have made it a preferred investment destination.