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Government of Uttar Pradesh | NITI Aayog | Reserve Bank of India (RBI)
The “Economic Survey of Uttar Pradesh 2025-26,” presented by the State Finance Minister on February 9, 2026, marks the first time the state has presented such a document in line with the Government of India’s practice . The survey details a transformative economic trajectory, with the state’s Gross State Domestic Product (GSDP) growing at a CAGR of 10.8%, doubling from ₹13.30 lakh crore in 2016-17 to ₹30.25 lakh crore in 2024-25. For the fiscal year 2025-26, the economy is projected to reach ₹36 lakh crore, supported by industrial investment proposals exceeding ₹50 lakh crore. This growth is anchored by the ‘Triple S’ guarantee—Safety, Stability, and Speed—which has significantly bolstered investor confidence.
Strategic Pillars of Uttar Pradesh’s Economic Growth The survey identifies several core strategic pillars driving the state toward its $1 trillion goal:
Infrastructure and Connectivity: Uttar Pradesh is emerging as India’s “Expressway State,” with 22 expressways (7 operational, 3 under construction, and 12 proposed). The state also features the country’s most extensive rail network and is rapidly expanding its aviation infrastructure, targeting 24 airports, including 5 international hubs like the upcoming Jewar International Greenfield Airport.
Industrial and Technological Innovation: The state has seen a doubling of registered factories to over 30,000 and a 25% growth in Gross Value Added (GVA) in the industrial sector, the highest among major Indian states. Strategic hubs are being developed, including Lucknow as an AI center, Kanpur as a drone hub, and Noida as a leading IT destination.
Agricultural Excellence and Rural Development: UP leads the nation in the production of food grains, sugarcane, potatoes, and milk. Significant progress has been made in doubling sugarcane farmer payments and expanding the total irrigated area to 2.76 crore hectares, supported by the proposed first-ever state Seed Policy.
Fiscal Discipline and Revenue Growth: The state’s budget has more than doubled in nine years to ₹8.33 lakh crore for 2025-26, while its own tax revenue has increased 2.5 times to ₹2.09 lakh crore. UP maintains a healthy debt-to-GSDP ratio of 28.0%, significantly lower than the national average.
Human Capital and Social Inclusion: The survey highlights the doubling of per capita income to ₹1,09,844 in 2024-25, with a target of ₹1,20,000 for 2025-26. Social welfare milestones include 5.46 crore Ayushman cards and 10.22 crore Jan Dhan accounts, both the highest in India.
What is the “Triple S” guarantee in Uttar Pradesh’s industrial policy? The “Triple S” guarantee stands for Safety, Stability, and Speed. This framework is the cornerstone of the state’s investor-friendly governance, ensuring a secure environment for industries (Safety), consistent and transparent policy implementation (Stability), and fast-tracked approvals and project execution through digital platforms like ‘Nivesh Mitra’ (Speed). This strategy has successfully transitioned the state from an area investors avoided to a premier destination for global capital, as evidenced by the ₹2.94 lakh crore in MoUs signed at the World Economic Forum 2026.
Policy Relevance
The 2025-26 Economic Survey signifies Uttar Pradesh’s transition from a populist welfare model to a high-growth, investment-led economic powerhouse. By institutionalizing an annual Economic Survey, the Ministry of Finance is bringing transparency to the state’s $1 trillion ambition, providing data-driven insights for NITI Aayog and global investors to track India’s largest sub-national economy.
Strategic Impact:
Global Export Integration: Moving from 7th to 4th place in the Export Preparedness Index 2024 and ranking 1st among landlocked states demonstrates UP’s success in integrating its MSMEs and ODOP products with global value chains.
Energy Transition and Sustainability: Increasing the share of solar energy in the total installed capacity from 23% to 27% highlights the state’s commitment to the green energy revolution.
Urban and Regional Development: The creation of the Lucknow State Capital Region (SCR) and the pursuit of 100 new townships signal a move toward structured urbanization to manage the projected increase in urban population to 35.8% by 2046.
Leveraging Digital Public Infrastructure (DPI): Ranking 1st in e-Prosecution and utilizing DBT for 3.12 crore PM-Kisan beneficiaries underscores the state’s leadership in trust-based, digital governance.
Follow the full news here: UP Economic Survey 2025-26 | PIB/UP Govt