Last updated on May, 17 2021
Madhya Pradesh is an agrarian state. Primary sector’s contribution to the state’s Gross Value Added (GVA) increased from 33.85% in 2011-12 to 46.98% in 2020-21.
At current prices, the Gross State Domestic Product (GSDP) of Madhya Pradesh for 2020-21 stood at Rs. 9.18 trillion (US$ 126.40 billion). State’s GSDP grew at a CAGR (in rupee terms) of 11.14% between 2015-16 and 2020-21. 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 reached 25,603 thousand tonnes in 2019-20.
The state is rich in natural resources, fuels, minerals, agriculture, and biodiversity. Upcoming theme based special economic zone (SEZs near Jabalpur, industry parks in Indore and food parks at multiple locations aim to promote sectoral growth. The state is rich in minerals and has the highest stone, diamond and copper reserves in India, notwithstanding noteworthy reserves of coal, coal-bed methane, manganese, and dolomite. Further, the state is home to over 280 pharmaceutical units operating in the industrial areas of Dewas, Indore, Pithampur, Mandideep and Malanpur.
Madhya Pradesh State Industrial Development Corporation Limited (MPSIDC) is the nodal agency for industrial growth in the state. It is the central point to coordinate, activate and ensure implementation of mega infrastructure projects.
As of February 2021, Madhya Pradesh had a total installed power generation capacity of 25,489.32 MW, comprising 7,187.62 MW under state utilities, 7,326.09 MW under central utilities and 10,975.61 MW under the private sector.
The state is home to five operational SEZs, seven notified SEZs, and 12 formally approved SEZs.
Exports from the state stood at US$ 5.80 billion in FY21 (until February 2021), the total drug formulations, biologicals products exports from Madhya Pradesh accounted for US$ 1,099.97 million, which was 19% of the total exports.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflow in Madhya Pradesh was valued at US$ 263.58 million between October 2019 and December 2020.
152 investment intentions worth Rs. 12,762 crore (US$ 2.47 billion) were filed in the state during 2019.
Below are some of the major initiatives taken by the Government to promote Madhya Pradesh as an investment destination:
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