In the Uttar Pradesh Assembly, Finance Minister Suresh Khanna painted an optimistic picture of economic resurgence while presenting the state budget. He announced that per capita income has skyrocketed beyond double the 2016-17 figure of Rs 54,564, now at Rs 1,09,844 for 2024-25. Projections for 2025-26 peg it even higher at Rs 1.20 lakh.
Khanna credited the BJP regime’s multifaceted initiatives for this leap. Enhanced security, industrial boom, employment generation, gender equity, agrarian prosperity, and poverty reduction have propelled comprehensive growth. The GSDP hit Rs 30.25 lakh crore in 2024-25, up 13.4% year-on-year.
A staggering 6 crore citizens have escaped multidimensional poverty, and unemployment stands at just 2.24%. UP’s SDG ranking improved dramatically from 29th to 18th. The landmark Global Investors Summit in February 2024 attracted Rs 50 lakh crore in MoUs, eyeing 10 lakh new jobs.
Positioning UP as India’s mobile manufacturing epicenter, 65% of national production occurs here, alongside 55% of electronics components. Exports reached Rs 44,744 crore, bolstered by innovation driving the state to ‘Leader’ status in national startup rankings.
NITI Aayog’s Export Preparedness Index crowned UP number one among landlocked states. Agriculturally, it tops production charts for key crops. Irrigation coverage grew by 60 lakh hectares to 2.76 crore, with crop intensity jumping to 193.7% from 162.7%.
This budget speech reinforces UP’s trajectory toward self-reliance and national leadership, blending past successes with future ambitions.