Introduction
Madhya Pradesh is located in central India. The state is bound on the north by Uttar Pradesh, on the east by Chhattisgarh, on the south by Maharashtra, and on 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 is estimated at Rs. 1,151,049 crore (US$ 150.74 billion) in 2022-23, registering an annual growth of 10% in FY22. Between 2015-16 and 2021-22, the GSDP increased at a CAGR (in Rs.) of 11.39% from 2015-16 to 2022-23. Net State Domestic Product (NSDP) of Madhya Pradesh was about Rs. 8.27 trillion (US$ 113.94 billion) in 2020-21. Between 2015-16 and 2020-21, state’s NSDP grew at a CAGR of around 11.22%.
Madhya Pradesh is rich in natural resources - fuel, minerals, agriculture, and biodiversity. It is also the only diamond producing state in the country. Diamond production in the state stood at 38,437 carats in 2018-19.
Madhya Pradesh offers distinctive monetary and strategy/policy incentives for organizations under the Industrial Promotion Policy-2014 other than strategies/policies for information technology (IT), biotechnology, tourism, and special economic zone (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.
As of March 2022, Madhya Pradesh had a total installed power generation capacity of 25,385.02 MW, comprising 7,187.62 MW under state utilities, 6,958.48 MW under central utilities and 11,238.92 MW under the private sector.
Exports from the state stood at US$ 6,477.32 million in FY21 and US$ 7,091.93 million in FY22 (until February 2022.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflow in Madhya Pradesh was valued at US$ 321.27 million between October 2019-December 2021.
Key Sectors
Agriculture is the main source of livelihood for the people of Madhya Pradesh. Primary sector’s contribution to the state’s GVA increased from 33.85% in 2011-12 to 47% in 2020-21.
Textiles industry is one of the key sectors of Madhya Pradesh. The state is one of the major cotton producing states in India. In 2018-19, cotton and silk production in the state reached 24 metric tonnes^ and 100 million metric tonnes, respectively. In FY22 (until December 2021), cotton yarn exports contributed 7.5% to the state’s total exports (US$ 61.36 million).
In 2020, foreign tourist arrivals and domestic tourist visits in the state stood at 0.10 million and 23.51 million, respectively.
Note: ^in lakhs bales of 170 kgs each, MMT - Million Metric Tonne
FACTFILE
Capital
BhopalGeographical Area (sq km)
308,000State Language
Hindi, English and MarathiLiteracy Rate
70.6 per centKey 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
Biotechnology
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