budgets of Uttar Pradesh

Overview of UP economy: State Budget

Uttar Pradesh is the most populous state in India with a Population of ~200 million people. Uttar Pradesh Shares its borders with Nepal on the north, the Indian states of Uttarakhand and Himachal Pradesh towards the northwest, Haryana, Delhi and Rajasthan on the west, Madhya Pradesh on the south, Chhattisgarh and Jharkhand to the southeast and Bihar in the east.

The Gross State Domestic Product (GSDP) of Uttar Pradesh grew at a CAGR of around 10.80 per cent between 2011-12 and 2017-18 to reach Rs 13.39 trillion (US$ 207.83 billion). The Net State Domestic Product (NSDP) grew at a CAGR of around 10.68 per cent between 2011-12 and 2017-18 to reach Rs 11.86 trillion (US$ 184.00 billion).

Uttar Pradesh is a favoured tourist destination in India due to the location of Taj Mahal, one of the Eight Wonders of the World, in Agra. In 2017, around 2.37 million domestic and foreign tourists visited the state of Uttar Pradesh. Under the state budget 2018-19, Rs 1,240 crore (US$ 192.4 million) has been allocated to boost religious tourism. In February 2018, State Government launched a new Tourism policy to attract investments worth Rs 5,000 crore (US$ 772.32 million) every year, to increase domestic tourist footfall by 15 per cent and foreign tourist footfall by 10 per cent.

Uttar Pradesh had a total installed power generation capacity of 24,917 megawatt (MW) as of April 2018.

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 49,144.6 thousand tonnes. Major food grains produced in the state include rice, wheat, maize, millet (bajra), gram, pea and lentils. Pulses production in the state stood at 1,985.0 thousand tonnes in 2017-18 and production of vegetables are 28,226.19 thousand tonnes in 2017-18, the state remains largest producer of vegetables in India.

In 2016-17, Uttar Pradesh is recognised as a major milk-producing state in the country, accounting for around 16.83 per cent share in the total milk produced in the country. During 2016-17, the state’s milk production was around 27.77 million tonnes, growing at a CAGR of 4.21 per cent from 2011-12 to 2016-17.

Owing to the state’s large base of skilled labourers, it has emerged as a key hub for IT and ITeS industries, including Software, captive business process Outsourcing (BPO) and electronics. The state has become a hub for the semiconductor Industry with several major players having their offices and R&D centres in Noida.

The state offers a wide range of subsidies, policy and fiscal incentives as well as assistance for businesses under the Industrial and Service Sector Investment Policy, 2004 and Infrastructure-2/”>INFRASTRUCTURE & Industrial Investment Policy, 2012. The state has well-drafted, sector-specific policies for IT and Biotechnology. The new Uttar Pradesh Civil Aviation Promotion Policy 2017 has been brought to promote investments and trade in Uttar Pradesh and will also promote tourism while increased road connectivity along with air connectivity will create more EMPLOYMENT avenues.

The state has attracted Foreign Direct Investment (FDI) Equity inflows worth US$ 652 million during the period April 2000 to December 2017, according to data released by Department of Industrial Policy and Promotion (DIPP).

As per Investor Summit 2018, Uttar Pradesh government will focus on key sectors such as IT and ITeS, Dairy, Electronics, Tourism, Manufacturing, RENEWABLE ENERGY and Agro & Food Processing The major factor driving the Growth in the manufacturing sector is the availability of robust infrastructure, extensive road Network, large pool of talent, and various investments and incentives offered by the state government.

In state budget 2018-19, Uttar Pradesh government has increased its railway budget to Rs 36,000 crore (US$ 5.59 billion) for development of several railway projects as compared to previous year.

Uttar Pradesh accounts for strong demand for fertilisers on account of the high availability of acreage coupled with the large size of the state. Richness in the availability of raw material is an important factor for setting up cement Plants and the state has 13 cement plants.

As per state budget 2018-19, Rs 15 crore (US$ 2.33 million) has been allocated for National Programme for Dairy Development (NPDD) schemes which will help to boost production of dairy products.,

The budget of Uttar Pradesh is a complex document that covers a wide range of topics. In this ARTICLE, we will provide a brief overview of the key areas of spending in the 2022-23 budget.

agriculture is a major priority for the state government, and the budget allocates significant Resources to this sector. The government plans to invest in Irrigation, rural roads, and agricultural research and development. The budget also includes measures to support farmers, such as providing them with access to credit and insurance.

Another key area of spending is Education. The budget allocates funds for the construction of new schools, the recruitment of teachers, and the provision of scholarships. The government also plans to introduce a new education policy that will focus on improving the quality of education in the state.

Health is another important area of spending. The budget allocates funds for the construction of new hospitals, the recruitment of doctors and nurses, and the provision of free medical care to the poor. The government also plans to introduce a new health insurance scheme that will cover all residents of the state.

The budget also allocates funds for a range of other sectors, including infrastructure, social welfare, and law and order. The government plans to invest in roads, bridges, and power generation. It also plans to provide financial assistance to the poor and the elderly. The government has also announced a number of measures to improve law and order in the state.

Overall, the 2022-23 budget is a comprehensive document that addresses the key needs of the people of Uttar Pradesh. The government has made a number of ambitious commitments, and it will be important to see how these are implemented in the coming years.

Here are some additional details on the key areas of spending in the budget:

Agriculture: The government plans to invest Rs. 1.5 lakh crore in agriculture in the next five years. This will be used to improve irrigation facilities, provide farmers with access to credit and insurance, and promote agricultural research and development.
Education: The government plans to spend Rs. 1 lakh crore on education in the next five years. This will be used to construct new schools, recruit teachers, and provide scholarships. The government also plans to introduce a new education policy that will focus on improving the quality of education in the state.
Health: The government plans to spend Rs. 50,000 crore on health in the next five years. This will be used to construct new hospitals, recruit doctors and nurses, and provide free medical care to the poor. The government also plans to introduce a new health insurance scheme that will cover all residents of the state.
Infrastructure: The government plans to spend Rs. 2 lakh crore on infrastructure in the next five years. This will be used to construct roads, bridges, and power generation.
Social welfare: The government plans to spend Rs. 1 lakh crore on social welfare in the next five years. This will be used to provide financial assistance to the poor, the elderly, and the disabled.
Law and order: The government plans to spend Rs. 50,000 crore on law and order in the next five years. This will be used to improve the police force, upgrade prisons, and combat crime.

The government has made a number of ambitious commitments in the budget. It will be important to see how these are implemented in the coming years.

Here are some frequently asked questions and short answers about budgets:

What is a budget?
A budget is a financial plan that outlines how much Money you expect to earn and spend in a given period of time. It can be used to track your income and expenses, set financial goals, and make sure you are not overspending.
What are the benefits of BUDGETING?
There are many benefits to budgeting, including:
Improved financial security: By tracking your income and expenses, you can see where your money is going and make adjustments to improve your financial situation.
Reduced Stress: When you know where your money is going, you can avoid financial stress and make better decisions about your spending.
Increased Savings: Budgeting can help you save money for short-term goals, such as a vacation, or long-term goals, such as retirement.
How do I create a budget?
There are many different ways to create a budget. One simple method is to track your income and expenses for a month or two. This will give you a good idea of where your money is going. Once you have this information, you can start to create a budget that fits your needs.
What are some common budgeting mistakes?
Some common budgeting mistakes include:
Not tracking your income and expenses: This is the most important step in budgeting. If you don’t know where your money is going, you can’t make informed decisions about your spending.
Not being realistic about your income and expenses: It’s important to be honest with yourself about how much money you earn and spend. If you underestimate your expenses, you’ll be more likely to overspend.
Not having a plan for unexpected expenses: Even the most careful budgeters will have unexpected expenses come up. It’s important to have a plan for these expenses so you don’t go into debt.
What are some tips for sticking to a budget?
Here are some tips for sticking to a budget:
Make a budget that fits your lifestyle: Don’t try to cut back on everything all at once. Start by making small changes and gradually work your way up to bigger changes.
Automate your savings: One of the best ways to stick to a budget is to automate your savings. This means setting up a direct deposit from your paycheck into your savings account. This way, you’ll never even see the money and you’ll be less likely to spend it.
Track your progress: It’s important to track your progress so you can see how you’re doing. This will help you stay motivated and make adjustments to your budget as needed.
Don’t be afraid to ask for help: If you’re struggling to stick to a budget, don’t be afraid to ask for help. There are many resources available, such as financial advisors and budgeting apps.

Here are some MCQs on the topics of Uttar Pradesh without mentioning the topic of budgets of Uttar Pradesh:

Which of the following is the capital of Uttar Pradesh?
(A) Lucknow
(B) Agra
(C) Kanpur
(D) Varanasi
Which of the following is the largest city in Uttar Pradesh?
(A) Lucknow
(B) Agra
(C) Kanpur
(D) Varanasi
Which of the following is the chief minister of Uttar Pradesh?
(A) Yogi Adityanath
(B) Akhilesh Yadav
(C) Mayawati
(D) Mulayam Singh Yadav
Which of the following is the Official Language of Uttar Pradesh?
(A) Hindi
(B) Urdu
(C) English
(D) Punjabi
Which of the following is the currency of Uttar Pradesh?
(A) Indian rupee
(B) Pakistani rupee
(C) US dollar
(D) Euro
Which of the following is the national animal of India?
(A) Tiger
(B) Lion
(C) Elephant
(D) Rhinoceros
Which of the following is the national bird of India?
(A) Peacock
(B) Parrot
(C) Eagle
(D) Swan
Which of the following is the national flower of India?
(A) Lotus
(B) Rose
(C) Jasmine
(D) Sunflower
Which of the following is the National Flag of India?
(A) A tricolor flag with saffron at the top, white in the middle and green at the bottom, with a blue wheel in the center.
(B) A white flag with a green crescent and star in the center.
(C) A saffron flag with a white tiger in the center.
(D) A green flag with a white crescent and star in the center.
Which of the following is the National Anthem of India?
(A) Jana Gana Mana
(B) Vande Mataram
(C) Saare Jahan Se Accha
(D) Aao Bachho Chalo

I hope these MCQs are helpful!