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Madhya Pradesh Economic Survey Projects 11.14% Growth for FY 2025‑26

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Survey Release Highlights Growth Forecast and Leadership Chief Minister Mohan Yadav presented the Economic Survey in the Madhya Pradesh Assembly on February 17, 2026, outlining the state’s fiscal outlook [1]. The advance estimates project the Gross State Domestic Product at ₹16,69,750 crore for FY 2025‑26, up from ₹15,02,428 crore in FY 2024‑25, implying an 11.14 % growth rate [1]. Yadav attributed the projected growth to financial discipline, transparent governance, and visionary policies [1].

Per‑Capita Income Figures Show Real Wage Gains The survey records current‑price per‑capita net income at ₹1,69,050, reflecting nominal earnings growth [1]. Adjusted for inflation to constant 2011‑12 prices, per‑capita net income stands at ₹76,971, indicating real income improvement [1]. These figures suggest that average residents will experience higher purchasing power despite inflation [1].

Sectoral Composition Shows Primary Dominance and Tertiary Expansion At current prices, the primary sector contributes 43.09 % of Gross State Value Added, the secondary 19.79 %, and the tertiary 37.12 % [1]. When measured at constant prices, the tertiary share rises to 40.28 %, underscoring services growth [1]. Within the primary sector, crops account for 30.17 % of GSVA, followed by livestock (7.22 %), forestry (2.13 %), fishing and aquaculture (0.61 %), and mining and quarrying (2.96 %) [1].

Construction Leads Secondary Output While Manufacturing Remains Secondary Construction dominates the secondary sector with a 9.22 % contribution to GSVA [1]. Manufacturing adds 7.22 % and utilities 3.35 %, indicating a modest industrial base [1]. The sectoral mix reflects ongoing infrastructure projects that are expected to boost construction activity [1].

Sources

Timeline

2012‑13 to 2021‑22 – Uttar Pradesh’s real GSDP expands at an average 5.3 % per year, below the national 5.6 % pace, highlighting the modest growth base that the $1 trillion target must overcome [3].

2012‑16 – Uttar Pradesh’s GSDP stands at roughly ₹12.88 lakh crore, providing the baseline from which the state claims to have risen to about ₹35‑₹36 lakh crore today [2].

Aug 18, 2025 – The Lok Sabha passes the Jan Vishwas Bill, introducing 355 provisions—288 de‑criminalising offences and 67 amending laws—to boost “Ease of Living” and streamline business compliance nationwide [4].

Oct 2025 – The Open Network for Digital Commerce (ONDC) processes over 326 million orders cumulatively, with October alone seeing 18.2 million orders and an average of 590,000 daily transactions, illustrating rapid digital market expansion [4].

Nov 2025 – India removes more than 47,000 regulatory compliances—16,108 simplified, 22,287 digitised, 4,458 de‑criminalised, and 4,270 redundant—accelerating the ease‑of‑doing‑business agenda [4].

Dec 10, 2025 – The Department for Promotion of Industry and Internal Trade recognises 2,01,335 startups under Startup India, creating over 21 lakh jobs, while the Production‑Linked Incentive scheme attracts ₹1.88 lakh crore of investment, generates ₹17 lakh crore of incremental sales and exports ₹7.5 lakh crore across 14 sectors [4].

Dec 24, 2025 – Uttar Pradesh Chief Minister Yogi Adityanath declares the state is shedding its “Bimaru” tag, pursuing “fearless business,” and targeting a credit‑deposit ratio of 70 % after raising the CD ratio to 62‑65 % and projecting a GSDP of ₹35‑₹36 lakh crore and per‑capita income of ₹1.2 lakh [2].

Dec 24, 2025 – He also announces that 22 expressways and ₹15 lakh crore of investment proposals are turning Uttar Pradesh into a global logistics hub, promising direct employment for over 60 lakh youth and backing the plan with 33 sectoral policies and a zero‑tolerance crime stance [2].

Dec 24, 2025 – Samajwadi Party leader Nasser Salim rebuts the $1 trillion economy ambition, warning that Uttar Pradesh’s per‑capita income remains half the national average, agriculture employs over half the workforce yet contributes just 20 % of GSDP, and sustaining >30 % annual growth is implausible [3].

Feb 17, 2026 – Madhya Pradesh Chief Minister Mohan Yadav presents the State Economic Survey, projecting FY 2025‑26 GSDP at ₹16,69,750 crore—a 11.14 % rise—while noting per‑capita net income of ₹1,69,050 (current) and a sectoral GSVA composition of 43.09 % primary, 19.79 % secondary and 37.12 % tertiary, with crops driving the primary sector [1].

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