On the opening day of the Budget Session, Finance Minister Suresh Kumar Khanna presented Uttar Pradesh’s maiden Economic Survey 2025-26, marking a historic shift in the state’s developmental narrative. The survey highlights an extraordinary expansion, positioning Uttar Pradesh as a formidable pillar of India’s national economy. From a ₹13.30 lakh crore economy in 2016-17, the state has surged to over ₹30.25 lakh crore in 2024-25, with a projected leap to ₹36 lakh crore in the coming fiscal year.

Investment Magnet and the ‘Triple S’ Formula: The transformation of Uttar Pradesh into a preferred industrial destination is credited to the “Triple S” approach—Security, Stability, and Speed. This conducive environment has successfully attracted investment proposals exceeding ₹50 lakh crore, reflecting a seismic shift in global investor sentiment toward the state.

Key Economic Indicators: * Per Capita Income: In a significant milestone, the state reversed a decades-long decline. Per capita income rose from ₹54,564 in 2016-17 to ₹1,09,844 in 2024-25, estimated to reach ₹1.20 lakh by 2025-26.

• National Contribution: UP’s share in India’s GDP has grown from 8.6% to 9.1%, underscoring its pivotal role in the ‘Viksit Bharat’ vision.
• Fiscal Discipline: The state’s debt-to-GSDP ratio improved to 28.0%, significantly lower than global averages. Additionally, self-tax revenue saw a massive 2.5x jump, reaching ₹2.09 lakh crore.
• Sectoral Growth: The economy has diversified successfully, with the Service sector (47%) and Industrial sector (27.2%) now outpacing Agriculture (25.8%).