Uttar Pradesh's Economic Transformation: From Deficit to Surplus

Uttar Pradesh Chief Minister Yogi Adityanath announced the state has achieved a revenue surplus status. A supplementary budget of over Rs 12,000 crore was introduced to support a $1 trillion state economy goal. Key infrastructure projects and reduced travel times were highlighted, along with an increase in the state's GDP share.

Uttar Pradesh Chief Minister Yogi Adityanath has announced that the state now enjoys a revenue surplus status, positioning it to meet most of its requirements independently.

During the Assembly's monsoon session, he presented a supplementary budget of over Rs 12,000 crore to aid Prime Minister Narendra Modi's $5 trillion economy vision and establish Uttar Pradesh as a $1 trillion state economy. He outlined that 44% of the original 2024-25 budget has been released, with 20% already spent, doubling the budget size from 2015-16.

The Chief Minister emphasized the state's economic growth, citing a rise in its share of the National GDP from 6-7% to 9-10%. He also noted significant infrastructure projects, including new expressways and a rapid rail service between Delhi and Meerut, which have dramatically cut travel times. The budget aims to boost investment while addressing resource mobilization effectively.

(With inputs from agencies.)