Economy of Uttar Pradesh

In the case of Pure State Domestic Product (NSDP), Uttar Pradesh is the second largest economy in India after Maharashtra, estimated gross state domestic product ₹ 14.89 lakh crores (210 billion US dollars), [11] and therefore 8.406% of India. Agriculture is the leading business in Uttar Pradesh.  According to the report generated by the India Brand Equity Foundation (IBEF) in 2014-15, Uttar Pradesh has recorded 19% share in total grain production in the country. The state has experienced a high rate of economic growth over the last few years. Food grain production in the state was 47,773.4 thousand tonnes in 2014-15. Wheat is the main food crop of the state and it is mainly the main commercial crop in western Uttar Pradesh. Nearly 70% of India's sugar comes from Uttar Pradesh. Sugarcane is the most important cash crop because the state is the largest sugar producer in the country. According to the report generated by the Indian Sugar Mills Association (ISMA), total sugarcane production in India is expected to be 28.3 million tonnes in the financial year ending September 2015, which includes 10.47 million tonnes of Maharashtra and 7.35 million tonnes from Uttar Pradesh. 

State industries are localized in Kanpur area, fertile Purvanchal land, and Noida area. Mughalsarai is home to many major locomotive plants. Major manufacturing products include engineering products, electronics, electrical equipment, cables, steel, leather, textiles, jewelry, frigates, automobiles, railway coaches and wagons. Meerut is the game capital of India and there is also a jewelry center. In Uttar Pradesh, more small-scale industrial units are located in Uttar Pradesh, with 12 percent of more than 2.3 million units in comparison to any other state. 359 With manufacturing cluster, cement is the top area of SME in UP. Uttar Pradesh Financial Corporation (UPFC) was established in 1954 primarily to develop small and medium enterprises in the state under the SFC Act 1951. UPFC offers working units for new units under a sound track record and single window plan to existing units.  By July 2012, due to financial constraints and guidelines from the state government, the loan activities have been suspended, except the state government schemes.  The state has reported a total private investment of Rs. During the years of 2012 and 2016, 25,081 million. According to a recent report of the ease of doing business in India in the World Bank, Uttar Pradesh was one of the top 10 states and it was first found in the northern states. 

In 2009-10, the tertiary sector of the economy (service industry) was the largest contributor to the state's gross domestic product, which contributes 44.8% of the state domestic product compared to 44% of the primary sector (agriculture, forestry, and tourism). ) And 11.2% from secondary sector (industrial and manufacturing). MSME area is the second largest employment generator in Uttar Pradesh, the first agriculture and employs more than 92 lakh people across the state. Under the leadership of Akhilesh Yadav, Uttar Pradesh has exceeded the 11-year plan targets and has set up several micro-small and medium enterprises (MSMEs) and created 6.5 lakh job opportunities across the state. During the Eleventh Five Year Plan (2007-2012), the average gross State Domestic Product (GSDP) was 7.28%, which was less than 15.5%, which was average for all the states of the country. The state's per capita GSDP was 29, 417 (the US $ 410), which was less than the national per capita GSDP of 60, 9 72 (the US $ 850).  In 2011 the state's total financial debt was 2,000 billion (the US $ 28 billion). The efficiency of labor efficiency 26 is higher than the national average of 26. The economy also benefits the state's tourism industry. 

The state is attracting foreign direct investment which comes mostly in software and electronics sectors; Noida and Lucknow are becoming the main centers for information technology (IT) industry and most of the major corporate, media and financial institutions are headquartered. Sonbhadra is a large-scale industry in eastern Uttar Pradesh. Its southern region is known as India's energy capital. According to the Telecom Regulatory Authority of Telecommunication Authority (TRAI) in May 2013, Uttar Pradesh had the highest number of mobile subscribers in the country, in India there were 121.60 million total mobile phone connections from 861.66 million.

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Hi. My blogs will be showing you the differed ways in which people live their lives and what is the true meaning of life. Basically, it would be how different people in various countries have a different lifestyle.

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