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ECONOMIC ANALYSIS OF THE STATE UNDER AKHILESH YADAV GOVERNMENT

Image Source - cafef.vcmedia.vn

Image Source – cafef.vcmedia.vn

 

June 24, 2016

 

Uttar Pradesh has witnessed a high rate of economic growth in the past few years. The economic indicators are presenting a way for the next phase of growth in the state. The data and statistics of the education, health, agriculture-produce, irrigation, and agriculture based activities clearly show that the rural and urban economies in the state are much better than they were in the last few decades. We have compared the economic conditions of the state when Akhilesh Yadav came into power with the current ones:

 

  1. The Gross Domestic Product (GDP) of the state has increased by 2.7% as compared to 2012-13.
  2. The Development Rate in the state in 2012-13 was 3.9% which has now increased to 6.6% in 2015-16.
  3. A considerable progress has also been noticed in Net State Domestic Product (NSDP) from 3.7% in 2012-13 to 6.5% in 2015-16.
  4. The per-capita income in the state in 2012-13 was Rs 35,358 which has now grown to Rs 48, 584 in 2015-16.
  5. The admission ratio of students in senior basic schools in 2012 was 57:17 and in 2015 it has gone up to 65:95.
  6. It is good to note that the number of school drop-outs has come down from 49% in 2012 to 39% in 2015.
  7. The average produce per hectare in 2012 was 23.91 quintals, which has been increased to 25.11 quintals in the year 2015. Similarly, the share of commercial crops in the total sowed land increased by 258 per cent.

 

Apart from these, the state has a well-developed social, physical, and industrial infrastructure. It also has good connectivity through 48 national highways, six airports, and rail links to all major cities. The state has witnessed a high rate of infrastructure growth in the recent past. There has been a considerable rise in the number of industrial clusters/hubs and Public-Private-Partnership (PPP) projects in the infrastructure domain.

 

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