Uttar pradesh:economy updates
Gross State Domestic Product (GSDP)
The Gross State Domestic Product (GSDP) of Uttar Pradesh for 2019-20 at current prices is estimated to be Rs 15,79,807 crore, which is 7% higher than the revised estimate for 2018-19.
Total receipts
Total receipts (excluding borrowings) for 2019-20 are estimated to be Rs 3,97,416 crore, an increase of 3.2% as compared to the revised estimate of 2018-19. In 2018-19, total receipts (excluding borrowings) is estimated to be higher than the budgeted estimate by Rs 31,402 crore (8.9%). Budget 2019, (Govt.of uttar pradesh)
Total expenditure
Total expenditure for 2019-20 is estimated to be Rs 4,79,701 crore, a 6.7% increase over the revised estimate of 2018-19. In 2018-19, as per the revised estimate, there is estimated to be an increase of Rs 21,189 crore (4.9%) of expenditure over the budgeted estimate.
Rural development
Rs 6,240 crore has been allocated towards Pradhan Mantri Awas Yojana – Rural. Rs 3,488 crore has been allocated under the National Rural Livelihood Mission. Rs 2,954 crore has been allocated towards the National Rural Drinking Water Mission.
Woman and child development
A new scheme, Kanya Sumangala Yojana has been announced to improve the Health and Education levels of girls. Rs 1,200 crore has been allocated towards it.
Education
Rs 500 crore has been allocated towards improving Infrastructure-2/”>INFRASTRUCTURE in primary and higher primary schools. Rs 272 crore has been allocated towards Sanskrit medium schools. Rs 4,433 crore has been allocated towards scholarships for students belonging to poor sections of Society.
It is the excess of Revenue Expenditure over Revenue Receipts. A revenue deficit implies that the government needs to borrow in order to finance its expenses which do not create capital assets.
The budget estimates a revenue surplus of Rs 27,777 crore (or 1.76% of GSDP) in 2019-20. A revenue surplus implies that the revenue of states is sufficient to meet their expenditure requirements in a given year. The estimate indicates that the state has eliminated revenue deficit, as prescribed by the 14th Finance Commission. The state has estimated a revenue surplus for the years 2020-21 and 2021-22.
It is the excess of total expenditure over total receipts. This gap is filled by borrowings by the State Government, and leads to an increase in total liabilities. In 2019-20, fiscal deficit is estimated to be Rs 46,911 crore, which is 2.97% of the GSDP. The estimate is under the 3% limit prescribed by the 14th Finance Commission. Fiscal deficit in 2017-18, at 2.02% of GSDP was under this 3% limit. ( Budget 2019, govt.of uttar pradesh)
GST Revenue
Uttar Pradesh’s total GST revenue (including central transfers) is estimated to be Rs 1,10,072 crore in 2019-20, an increase of 3% over the revised estimate of 2018-19. This is estimated to form 28% of the state’s revenue receipts. GST revenue also includes Integrated GST, which is estimated to be Rs 4,703 crore in 2019-20. (Budget 2019)
Tax Revenue
Total own tax revenue of Uttar Pradesh is estimated to be Rs 1,40,176 crore in 2019-20 (36% of its revenue receipts). This is 4.4% higher than the revised estimate of 2018-19.
Food grain production
Uttar Pradesh is the largest producer of food grains in India and accounted for about 17.83 per cent share in the country’s total food grain output in 2016-17. Food grain production in the state in 2016-17 stood at 49,903.1 thousand tonnes 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.
Allocation for railway
As per state budget 2018-19, Uttar Pradesh government has increased its railway budget compared to previous year to Rs 36,000 crore for development of several projects such as re-development of Charbagh railway station, Lucknow Junction and Gomti Nagar stations , over bridge at Malhaur and development of passenger amenities at Alamnagar station.
Power generation capacity
Uttar Pradesh had a total installed power generation capacity of 25,072.25 megawatt (MW) as of February 2019. Power generation in the state for 2018-19 reached 122,730.05 GWH. The state’s energy requirement was 108,347 million units (MU) between Apr-Dec 2018.
As per state budget 2018-19, Rs 29,883 crore has been allocated to power sector schemes.
Housing
As per state budget 2018-19, a total amount of Rs 11,500.00 crore has been allocated to ‘Pradhan Mantri Awas Yojna’ and around Rs 200.00 crore allotted ‘Mukhya Mantri Awas Yojna’.
Drinking water
An allocation of Rs 1,500.00 crore for National Rural Drinking Water programme and Rs 120.00 crore for State Rural Drinking Water Programme has been made.
Special economic zones (SEZ)
As of June 2017, Uttar Pradesh had 56 SEZs; of which, twelve were operational, nineteen were notified, twenty four were formally approved and one was approved in-principle.
The state government sanctioned 20 SEZs in the state to accommodate various sectors such as IT/ITeS, textiles, handicrafts, and non-conventional energy. IT/ITeS accounted for the maximum share of approved SEZs in the state which accounted for 80% of the 20 SEZs, followed by electronic products contributing 18% to the overall share ( Budget 2018-19, Uttar pradesh).
Smart Cities Mission
Under the Smart Cities Mission launched by the central government in Uttar Pradesh, 13 cities were proposed to be developed as smart cities. In August 2015, 12 cities were shortlisted to be developed as smart cities, namely – Kanpur, Lucknow, Allahabad, Jhansi, Moradabad, Aligarh, Saharanpur, Bareilly, Varanasi, Ghaziabad Agra and Rampur. Out of these, 7 cities have been included by the central government, until the third round of the mission. In the fourth round released in January 2018, 3 new cities have been chosen, namely, Bareilly, Moradabad and Saharanpur.
Uttar Pradesh Civil Aviation Promotion Policy 2017
To create a conducive business Environment, provide adequate incentives for the development of robust civil aviation infrastructure and to aid in attracting investments to realize the untapped potential in the aviation sector.
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Uttar Pradesh is the most populous state in India, with a Population of over 200 million people. It is also the fifth largest economy in India, with a GDP of over $1 trillion. The state’s economy is based on agriculture, Industry, and Services.
Agriculture is the largest sector of the Uttar Pradesh economy, accounting for over 50% of the state’s GDP. The state is a major producer of wheat, rice, sugarcane, and potatoes. The state also has a large Livestock population, including cattle, buffalo, goats, and sheep.
Industry is the second largest sector of the Uttar Pradesh economy, accounting for over 30% of the state’s GDP. The state has a diverse industrial base, including manufacturing, mining, and power generation. The state is also home to a number of major industrial clusters, such as the Noida-Greater Noida Industrial Development Authority (NGDA) and the Kanpur Industrial Area Development Authority (KIADA).
Services is the third largest sector of the Uttar Pradesh economy, accounting for over 20% of the state’s GDP. The state is a major center for tourism, education, and healthcare. The state is also home to a number of major financial institutions, such as the State Bank of India and the Allahabad Bank.
The Uttar Pradesh economy has been growing at a rapid pace in recent years. The state’s GDP grew at an Average rate of 7% per year between 2010 and 2017. This Growth has been driven by strong performance in the agriculture, industry, and services sectors.
The Uttar Pradesh economy faces a number of challenges, including infrastructure bottlenecks, high levels of POVERTY, and poor education and healthcare facilities. However, the state also has a number of opportunities, including a large and growing population, a young workforce, and a strategic location.
The future of the Uttar Pradesh economy looks bright. The state has the potential to become one of the leading economies in India. However, this will require the state to address its challenges and capitalize on its opportunities.
Here are some of the challenges that the Uttar Pradesh economy faces:
- Infrastructure bottlenecks: The state’s infrastructure is not adequate to support its growing economy. This is evident in the state’s poor roads, power supply, and telecommunications networks.
- High levels of poverty: Over 20% of the Population of Uttar Pradesh lives below the Poverty Line. This is a major challenge to the state’s Economic Development.
- Poor education and healthcare facilities: The state’s education and healthcare facilities are not adequate to meet the needs of its population. This is a major obstacle to the state’s economic development.
Despite these challenges, the Uttar Pradesh economy also has a number of opportunities:
- Large and growing population: The state has a large and growing population. This provides a large pool of labor for the state’s economy.
- Young workforce: The state has a young workforce. This workforce is more likely to be entrepreneurial and innovative.
- Strategic location: The state is located in a strategic location. It is close to the national capital, New Delhi, and it has access to major Ports and Airports.
The future of the Uttar Pradesh economy looks bright. The state has the potential to become one of the leading economies in India. However, this will require the state to address its challenges and capitalize on its opportunities.
Uttar Pradesh is the most populous state in India, with a population of over 200 million people. It is also the fifth largest state in terms of area. The state’s economy is the second largest in India, after Maharashtra.
The state’s economy is based on agriculture, manufacturing, and services. Agriculture is the largest sector of the economy, accounting for about 20% of the state’s GDP. The main crops grown in the state are wheat, rice, sugarcane, and maize. The state is also a major producer of milk, meat, and eggs.
The manufacturing sector is the second largest sector of the economy, accounting for about 15% of the state’s GDP. The main industries in the state are textiles, sugar, engineering, and chemicals. The state is also a major producer of automobiles and electronics.
The services sector is the third largest sector of the economy, accounting for about 65% of the state’s GDP. The main services in the state are tourism, Banking, and education. The state is also a major center for IT and BPO services.
The state’s economy has been growing at a rate of about 7% per year in recent years. The state government has been taking steps to improve the state’s infrastructure and to attract Investment. The state has also been working to improve the education and healthcare sectors.
The state’s economy is facing a number of challenges, including high levels of poverty and Unemployment. The state government is working to address these challenges by investing in education, healthcare, and infrastructure. The state is also working to attract investment and to create jobs.
The state’s economy is expected to continue to grow in the coming years. The state government is working to improve the state’s infrastructure and to attract investment. The state is also working to improve the education and healthcare sectors. These efforts are expected to lead to higher economic growth and to a better Quality Of Life for the people of Uttar Pradesh.
Here are some frequently asked questions about the Uttar Pradesh economy:
- What is the size of the Uttar Pradesh economy?
The Uttar Pradesh economy is the second largest in India, after Maharashtra. The state’s GDP is about $1 trillion.
- What are the main sectors of the Uttar Pradesh economy?
The main sectors of the Uttar Pradesh economy are agriculture, manufacturing, and services. Agriculture is the largest sector of the economy, accounting for about 20% of the state’s GDP. The manufacturing sector is the second largest sector of the economy, accounting for about 15% of the state’s GDP. The services sector is the third largest sector of the economy, accounting for about 65% of the state’s GDP.
- What are the main challenges facing the Uttar Pradesh economy?
The main challenges facing the Uttar Pradesh economy are high levels of Poverty and Unemployment. The state government is working to address these challenges by investing in education, healthcare, and infrastructure. The state is also working to attract investment and to create jobs.
- What are the prospects for the Uttar Pradesh economy in the coming years?
The prospects for the Uttar Pradesh economy are positive. The state government is working to improve the state’s infrastructure and to attract investment. The state is also working to improve the education and healthcare sectors. These efforts are expected to lead to higher economic growth and to a better quality of life for the people of Uttar Pradesh.
Which of the following is not a major economic activity in Uttar Pradesh?
(A) Agriculture
(B) Manufacturing
(C) Mining
(D) TourismThe state of Uttar Pradesh is the largest producer of which of the following crops?
(A) Wheat
(B) Rice
(C) Sugarcane
(D) CottonThe state of Uttar Pradesh is the largest producer of which of the following Minerals?
(A) Coal
(B) Iron Ore
(C) Limestone
(D) MicaThe state of Uttar Pradesh is the largest producer of which of the following manufactured goods?
(A) Cement
(B) Sugar
(C) Textiles
(D) AutomobilesThe state of Uttar Pradesh is the most populous state in India. What is its population?
(A) 200 million
(B) 220 million
(C) 240 million
(D) 260 millionThe state of Uttar Pradesh has a GDP of $1 trillion. What is its per capita GDP?
(A) $5,000
(B) $6,000
(C) $7,000
(D) $8,000The state of Uttar Pradesh has a Literacy rate of 69%. What is the literacy rate for Women in the state?
(A) 55%
(B) 60%
(C) 65%
(D) 70%The state of Uttar Pradesh has a sex ratio of 914 females per 1,000 males. What is the sex ratio for children under the age of 6?
(A) 920
(B) 930
(C) 940
(D) 950The state of Uttar Pradesh has a poverty rate of 21%. What is the poverty rate for rural areas in the state?
(A) 25%
(B) 28%
(C) 31%
(D) 34%The state of Uttar Pradesh has a Human Development index (HDI) of 0.634. What is the HDI for rural areas in the state?
(A) 0.590
(B) 0.610
(C) 0.630
(D) 0.650The state of Uttar Pradesh has a Gini coefficient of 32. What is the Gini coefficient for rural areas in the state?
(A) 34
(B) 36
(C) 38
(D) 40The state of Uttar Pradesh has a state budget of $100 billion. What is the education budget for the state?
(A) $10 billion
(B) $12 billion
(C) $14 billion
(D) $16 billionThe state of Uttar Pradesh has a health budget of $5 billion. What is the per capita health expenditure for the state?
(A) $25
(B) $30
(C) $35
(D) $40The state of Uttar Pradesh has a road Network of 100,000 kilometers. What is the length of national highways in the state?
(A) 10,000 kilometers
(B) 12,000 kilometers
(C) 14,000 kilometers
(D) 16,000 kilometersThe state of Uttar Pradesh has a railway network of 6,000 kilometers. What is the length of electrified railway lines in the state?
(A) 2,000 kilometers
(B) 2,500 kilometers
(C) 3,000 kilometers
(D) 3,500 kilometersThe state of Uttar Pradesh has an airport in Lucknow, Agra, Varanasi, and Kanpur. What is the annual passenger traffic at these airports?
(A) 50 million
(B) 60 million
(C) 70 million
(D) 80 millionThe state of Uttar Pradesh has a power generation capacity of 10,000 megawatts. What is the installed capacity of RENEWABLE ENERGY in the state?
(A) 2,000 megawatts