Uttar Pradesh is the third largest economy and is aiming to reach a USD 1 trillion GDP because of the rapid development of the state’s infrastructure, especially in terms of airports and expressways. As per Union Minister Narayan Rane, by 2030, India is predicted to become the third-largest economy, where Uttar Pradesh will play a significant role.
Rane said at the UP International Trade Show which is held in UP, “The goal of this state, Uttar Pradesh, is to become a USD trillion economy, and pointing out that the per capita income of the citizens needs to improve with the purpose of addressing migration”. The growth of the per capita income in India leads to a better standard of living for people.
He also praised Adityanath for working towards industries and promoting them. I came here from Maharashtra, specifically Mumbai. Mumbai is the only state that solely contributes 33 to 34% to the country’s growth. As per Rane, Mumbai depends on industrialization rather than agriculture or services. Uttar Pradesh needs to contribute 35% or 40% in the future. This is the progress UP should target.
Further, he said that India would have become the 3rd largest economy by 2030, and the state of Uttar Pradesh would have a major part in it.
He conveys his message to the people that if they have any idea of how to use the resources for the betterment of UP, they can contact the government. The purpose of the UP ITS exhibition is to provide a platform where small business owners can export their products, as per Union Minister of State for MSME Bhanu Pratap Singh Verma.
Across the nation, there are around 6.30 crore MSMEs operating, while there are approximately 95 lakh MSMEs. In Uttar Pradesh, most farmers and small businessmen are getting employment, and they contribute to India’s growing economy.
On September 21, the president of India, Draupadi Murmu, hosted the first-ever international trade show in UP. In the five-day-long show, around 3 lakh participants visited, including 500 buyers from more than 60 countries.