Uttar Pradesh has emerged as a key hub for IT and ITeS industries, including software, captive business process outsourcing (BPO) and electronics. It is also a leading agricultural state in the country and is amongst the top producers of major agricultural items including wheat, rice and sugarcane.
The state offers a wide range of subsidies, fiscal and policy incentives as well as assistance for businesses under the Industrial and Service Sector Investment Policy, 2003. Additionally, the state has well drafted sector-specific policies for IT, biotech and tourism.
The state has a large base of skilled labour, making it an ideal destination for knowledge-based sectors. The state also has a large pool of semi-skilled and un-skilled labour.
The state has a well-developed social, physical and industrial infrastructure. It also has good connectivity via four National Highways, six airports and rail links to all major cities.
The state has witnessed high infrastructural growth in the past few years. Recently, there has been a considerable increase in the number of industrial clusters/hubs and public private partnerships in the infrastructural domain.
At current prices, the Gross State Domestic Product (GSDP) of Uttar Pradesh was US$ 86.68 billion in 2008-09. The compound annual growth rate (CAGR) of GSDP from 2001-02 to 2008-09, was 11.84 per cent. The GSDP growth in the state has been more capital intensive. The growth is primarily driven by the shift of the state's economy from primary to secondary and tertiary sectors.
The Net State Domestic Product (NSDP) of Uttar Pradesh was US$ 76.15 billion in 2008-09. The average annual NSDP growth rate was 11.74 per cent, over the seven years from 2001-02 to 2008-09.State Presentation (April 2010)
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