Uttar Pradesh Chief Minister Yogi Adityanath has announced an ambitious plan to transform India’s most populous state into a $1 trillion economy by 2029. Speaking at a recent state-level event, the CM highlighted the rapid economic growth Uttar Pradesh has witnessed under his leadership and laid out the roadmap for the next phase of development.
According to Yogi Adityanath, Uttar Pradesh’s Gross State Domestic Product (GSDP) has more than doubled from ₹12.89 lakh crore in 2017 to ₹27.51 lakh crore in 2025. The state government aims to nearly quadruple this figure in the next four years through strategic investments, industrialization, policy reforms, and infrastructure development.
“To make Uttar Pradesh the growth engine of India, we have set our sights on becoming a $1 trillion economy by 2029,” CM Yogi declared. “We are focusing on 10 key sectors including industry, agriculture, tourism, services, infrastructure, urban development, logistics, education, health, and IT.”
A major push in investments is already underway. As per government data, investment proposals worth ₹40 lakh crore have been received, with significant traction from both domestic and international investors. The 2023 UP Global Investors Summit witnessed commitments from major corporations in manufacturing, green energy, data centers, food processing, and logistics.
The government is also working on infrastructure projects like expressways, international airports, freight corridors, and smart cities to support industrial expansion. Key ongoing projects include the Ganga Expressway, Jewar Airport, and the Defense Corridor in Bundelkhand.
Additionally, UP is focusing on ease of doing business by simplifying regulations, offering incentives under the Industrial Investment and Employment Promotion Policy 2022, and fostering a startup-friendly ecosystem. The single-window clearance system has been streamlined, and over 25,000 startups have emerged in the state.
However, economic experts note that achieving the $1 trillion target will require sustained double-digit growth. “Uttar Pradesh needs to grow at around 16–18% annually in nominal terms to hit the target by 2029. While the vision is bold, execution will be critical,” said a senior economist from NITI Aayog, as quoted by The Hindu BusinessLine.
The state is also leveraging its demographic dividend. With a population of over 240 million, the government is investing heavily in skill development, education, and healthcare to increase productivity and employment.
Tourism is another pillar of growth. The successful transformation of Ayodhya and Varanasi into global religious tourism hubs has already boosted the state’s visibility. New plans include cultural circuits and eco-tourism to tap into the rising domestic and international tourist interest.
The state’s agricultural reforms, including food processing clusters and farmer-producer organizations (FPOs), aim to increase rural incomes and value addition.
“We are not just building infrastructure or inviting investment. We are building the future of New Uttar Pradesh – prosperous, powerful, and globally competitive,” said CM Yogi Adityanath.
If Uttar Pradesh achieves its goal, it will not only become the largest state economy in India but also set a benchmark for inclusive and sustainable development.
Sources:
- The Hindu BusinessLine
- Times of India
- Hindustan Times
- UP Government Economic Dashboard
