Trade Analytics

About Madhya Pradesh: Information on Tourism Industry, Agriculture, Economy & Geography

Latest update: November, 2016

Economic Snapshot: GSDP of Madhya Pradesh

Madhya Pradesh's gross state domestic product (GSDP) was US$ 84.27 billion over 2014-15.

Economic Snapshot: GSDP of Madhya Pradesh

Economic Snapshot: NSDP of Madhya Pradesh

Madhya Pradesh's net state domestic product (NSDP) was US$ 75.64 billion over 2014-15.

Break up of outstanding investments in Madhya Pradesh

Factfile

  • Capital:Bhopal
  • Geographical Area (sq km):308,000
  • State Language:Hindi, English and Marathi
  • Literacy Rate:70.6 per cent
  • Key Industries:Auto and auto components, textiles, cement, agro-based industries, forest-based industries, pharmaceuticals, mineral-based industries, manufacturing, tourism, IT and ITeS, logistics and warehousing and biotechnology

Last Updated: November, 2016

MADHYA PRADESH State Report | November, 2016

Madhya Pradesh is located in Central India. The state is bound on the north by Uttar Pradesh, the east by Chhattisgarh, the south by Maharashtra and the west by Gujarat and Rajasthan. It is among the fastest growing states in the country. At current prices, the Gross State Domestic Product (GSDP) of Madhya Pradesh for 2015-16 was US$ 86.32 billion. Between 2004-05 and 2015-16, the CAGR for GSDP was 11.84 per cent.

Madhya Pradesh is rich in natural resources - fuels, minerals, agriculture and biodiversity. The state is the third largest producer of cement in the country and provides up to 13 per cent of national demand. The state represents 8.3 per cent of the country's coal reserves and has 218.04 billion cubic metres (BCM) of estimated coal-bed methane reserves. During 2015-16 (till February 2016), value of all minerals produced in Madhya Pradesh was recorded to be US$ 2.4 billion. 

There are 11 agro-climatic conditions and a variety of soils available in the state to support cultivation of a wide range of crops. With around 33 per cent of the region under forests, Madhya Pradesh has an enormous potential for drug, wood and agro based commercial enterprises. Ideal soil and climatic conditions have made it a primary producer of coarse cereals, oilseeds and soybean in India.

Madhya Pradesh offers distinctive monetary and strategy/policy incentives for organisations under the Industrial Promotion Policy-2010 & Action Plan, other than strategies/ policies for IT, biotechnology, tourism and SEZs. To pull in investors and promote entrepreneurs, the state government has selected TRIFAC, an agency that encourages a single window system, for speedy approvals of different clearances and consents. Madhya Pradesh stands 5th among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.
According to the Department of Industrial Policy & Promotion (DIPP), cumulative FDI inflows, from April 2000 to March 2016, totalled to US$ 1.29 billion.

Key Sectors:

  • Work on construction of IT parks in 4 major regions of the state, including Indore, Gwalior, Bhopal and Jabalpur, is expected to be initiated during 2016-17. Moreover, electronic manufacturing clusters are also being established in Jabalpur and Bhopal. For these new establishments, Government of Madhya Pradesh allocated an amount of US$ 7.94 million as per the Budget 2016-17.
  • During 2015-16, the state recorded 214 MT of total raw silk production. As per the budget 2015-16, to enhance the mulberry silk production in the state, the state government is targeting to provide employment opportunities to 24,940 beneficiaries.
  • For industrial modernisation, the state has undertaken measures such as introduction of Progressive Industrial Policy, infrastructure improvements and frequent investor meets to facilitate the industry with modern infrastructure, the state has initiated expansion of existing IT parks, stone parks, apparel parks and SEZs.
  • To promote growth in the FMCG sector, the state government has established Gwalior as an FMCG cluster. 
  • The state was the third largest milk producer in India in 2015-16. Milk production in the state increased from 10.8 million tonnes in 2014-15 to 12.12 million tonnes in 2015-16. 
  • Around 20 companies have signed MoUs worth US$ 1.4 billion for investments in the IT sector within the state.
     

Factfile

  • Capital:Bhopal
  • Geographical Area (sq km):308,000
  • State Language:Hindi, English and Marathi
  • Literacy Rate:70.6 per cent
  • Key Industries:Auto and auto components, textiles, cement, agro-based industries, forest-based industries, pharmaceuticals, mineral-based industries, manufacturing, tourism, IT and ITeS, logistics and warehousing and biotechnology