Uttar Pradesh is the most populous state in India with a population of nearly 200 million people. Uttar Pradesh shares its borders with Nepal on the north, the Indian states of Uttarakhand and Himachal Pradesh on the northwest, Haryana, Delhi and Rajasthan on the west, Madhya Pradesh on the south, Chhattisgarh and Jharkhand on the southeast, and Bihar on the east.
At current prices, the gross state domestic product (GSDP) of Uttar Pradesh stood at Rs. 21.74 trillion (US$ 294.90 billion) in 2021-22. The GSDP is expected to increase at a CAGR of 11.39% from 2015-16 to 2021-22.
Uttar Pradesh is a favored tourist destination in India with Taj Mahal, one of the eight Wonders of the World, located in Agra. In 2019, domestic tourist arrivals in the state reached 535.8 million, while foreign tourist arrivals crossed over 4.74 million.
As of March 2022, Uttar Pradesh had an installed power generation capacity of 29,230.06 MW. Of this, 6,902.20 MW was from state utilities, 14,061.15 MW (private utilities) and 8,266.71 MW (central utilities).
As of March 2022, thermal power contributed 21,033.03 MW to the state’s total installed power generation capacity, followed by 3,424.03 MW (hydropower), 289.48 MW (nuclear power) and 4483.52 MW (renewable power).
Uttar Pradesh is the largest producer of food grains in India and accounted for about 17.83% share in the country’s total food grain output in 2016-17. Food grain production in the state stood at 49,903.1 thousand tonnes in 2016-17 and 51,252.7 thousand tonnes in 2017-18. Major food grains produced in the state include rice, wheat, maize, millet (bajra), gram, pea and lentils.
Pulses production in the state stood at 2,208.0 thousand tonnes in 2017-18. The state remains the largest producer of vegetables in India and produced 1,002.64 thousand MT of vegetables in 2018-19^.
As of July 2021, Uttar Pradesh had 21 notified, 14 operational SEZs and 24 formally approved SEZs. The state offers a wide range of subsidies, policy and fiscal incentives as well as assistance for businesses under the Industrial and Service Sector Investment Policy, 2004 and Infrastructure and Industrial Investment Policy, 2012. The state has well-drafted, sector-specific policies for IT and biotechnology. The new Uttar Pradesh Civil Aviation Promotion Policy 2017 was brought to promote investment and trade in Uttar Pradesh and to promote tourism while increased road connectivity along with air connectivity will create more employment avenues.
Between October 2019-December 2021, FDI inflows in Uttar Pradesh stood at US$ 785.55 million. The state ranked 11th in India in terms of FDI inflows, according to the data released by Department for Promotion of Industry and Internal Trade (DPIIT). In 2019, 147 investment intentions worth Rs. 16,799 crore (US$ 2.40 billion) were filed in Uttar Pradesh.
Merchandise exports from Uttar Pradesh reached US$ 16.39 billion in FY21 and US$ 18.83 billion in FY22 (until February 2022).
In 2020, the state government rolled out the New Electronics Manufacturing Policy, 2020 and Uttar Pradesh Startup Policy, 2020, to promote the local manufacturing and new startups in the state.
Note: ^ - As per 3rd Advance Estimates