The economy of Uttar Pradesh
is the second largest of all the states of India
. According to the state budget for 2017-18, Uttar Pradesh
's gross state domestic product
is ₹16.89 lakh crore
(US$240 billion). The largest Indian state, Maharashtra
, has an urban population of 50,818,259, while Uttar Pradesh has an urban population of 44,495,063. According to the 2011 census report, 22.3% of Uttar Pradesh's population lives in urban areas. The state has 7 cities with populations exceeding 1 million each. After partition
in 2000, the new Uttar Pradesh state produces about 92% of the economic output of the old Uttar Pradesh state. In 2011, the Tendulkar committee reported that 29.43% of Uttar Pradesh's population is poor, while the Rangarajan committee reported that 39.8% of the population is poor.
In the tenth five-year planning period of 2002 and 2007, Uttar Pradesh registered an annual economic growth rate of 5.2%. In the eleventh period, between 2007 and 2012, Uttar Pradesh registered an annual economic growth rate of 7%. In 2012-13 and 2013–14, however, the growth rate decreased to 5.9% and 5.1%, respectively, one of the lowest in India. The state's debt was estimated at 67% of the gross domestic product
in 2005. In 2012, the state was one of the highest receivers of overall remittances
to India which stood at $0.1 billion (Rs. 3,42,884.05 crore), along with Kerala
, Tamil Nadu
, and Punjab
. Additionally, the state government has selected five cities for Metro train projects: Meerut, Agra, Kanpur, Lucknow, and Varnasi. The Lucknow Metro
project was completed in September of 2017. Uttar Pradesh is an agrarian
state, and it contributed 8.89% in food grain production to the country in 2013-14. Read more...