Lucknow: Uttar Pradesh has emerged as India’s second-largest economy, surpassing Tamil Nadu, according to a report by soic.in, a leading online blogging platform tracking investments and stock market trends.
The report, presented through creative graphics based on Sensex and CSLA (Credit Lyonnais Securities Asia), illustrates Uttar Pradesh’s rise to the second position in GDP share, trailing behind Maharashtra. Official statistics previously ranked UP third in GDP share.
As per the report shared on social media platform X, Maharashtra leads with a GDP share of 15.7 percent, and Uttar Pradesh follows with 9.2 percent. The state has overtaken competitors such as Tamil Nadu (9.1 percent), Gujarat (8.2 percent), and West Bengal (7.5 percent).
Lagging behind are Karnataka (6.2 percent), Rajasthan (5.5 percent), Andhra Pradesh (4.9 percent), and Madhya Pradesh (4.6 percent).
UP has also climbed from 14th to the second position in the ‘Ease of Doing Business’ rankings and attracted investment proposals exceeding Rs 40 lakh crore through GIS 2023. This is anticipated to generate over one crore employment opportunities.
The state presently exports goods worth nearly Rs 2 lakh crore, and has seen a surge in banks’ loan-deposit ratio from 42-43 percent to 56 percent, with plans to increase it further to 60 percent.
UP has also achieved its revenue surplus status, with 56 percent of its population employed, and approximately 96 lakh MSME units established.
UP, formerly considered a BIMARU state, has positioned itself as a frontrunner in India’s development race.
These accomplishments not only position Uttar Pradesh as a key growth engine for the nation but also contribute to the goal of transforming the state into a $1 trillion economy.
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