In a groundbreaking move, Uttar Pradesh has etched its name in history as the first Indian state to present its own comprehensive Economic Survey during the ongoing Budget Session 2026. Tabled by Finance Minister Suresh Khanna on February 8, the document unveils a remarkable transformation: the state’s Gross State Domestic Product (GSDP) has more than doubled from ₹13.30 lakh crore in 2016-17 to ₹30.25 lakh crore in 2024-25, achieving a robust compound annual growth rate (CAGR) of 10.8%. Projections indicate further acceleration to ₹36 lakh crore in 2025-26, propelling UP towards its ambitious $1 trillion economy target by 2029.

Finance Minister Suresh Khanna tables UP’s pioneering Economic Survey 2026, spotlighting doubled GSDP and investment boom.

Macroeconomic Triumphs & Fiscal Prudence

The survey paints a vivid picture of fiscal resilience, with the state budget expanding over twofold to ₹8.33 lakh crore for 2025-26. Own tax revenues have surged 2.5 times to ₹2.09 lakh crore, while the debt-to-GSDP ratio remains a healthy 28%—below the national average—affording ample space for capital-intensive growth initiatives.

Per capita income has mirrored this ascent, doubling to ₹1,09,844 in 2024-25 and eyeing ₹1,20,000 next year. UP leads nationally in financial inclusion metrics, boasting 10.22 crore Jan Dhan accounts and 5.46 crore Ayushman Bharat cards, underscoring inclusive prosperity.

Industrial Revolution: Hubs, Investments & Clusters

UP’s industrial narrative is nothing short of revolutionary. Registered factories have nearly doubled to over 30,000, with industrial Gross Value Added (GVA) leaping 25%—the fastest among major states. An investment pipeline exceeding ₹50 lakh crore underscores surging investor faith, anchored by the ‘Triple S’ mantra of Safety, Stability, and Speed.

• Strategic Hubs: Lucknow as AI epicentre; Kanpur for drones; Noida for IT/electronics.
• Export Leap: UP ranks 4th nationally, with electronics and textiles driving momentum.
• Infra Boost: Vastest rail network; 24 airports planned, including Jewar International.

Agriculture, Energy & Urban Frontiers

Agriculture remains UP’s backbone, topping production in food grains, sugarcane, potatoes, and milk. Irrigated area spans 2.76 crore hectares, bolstered by the state’s inaugural Seed Policy. Sugarcane farmer payments have doubled, enhancing rural incomes.

Energy transition accelerates: Solar capacity share rose from 23% to 27%. Urbanisation gets structured thrust via Lucknow State Capital Region (SCR) and 100 new townships, gearing for 35.8% urban population by 2046.

Vision 2047: Towards Developed UP

The survey aligns with UP’s developed-state vision by 2047, leveraging Digital Public Infrastructure (DPI). Ranking first in e-Prosecution and DBT for 3.12 crore PM-Kisan beneficiaries exemplifies trust-based governance. Tourism, exports, and infra investments form the growth triad.

Challenges like urban management and skill gaps are flagged, with solutions in cluster strategies and partnerships. Chief Minister Yogi Adityanath hailed it as proof of “UP’s unstoppable rise,” positioning the state as India’s growth engine.

State correspondents spotlight regional wins: Western UP’s electronics surge; Eastern corridors’ agri-infra; Bundelkhand’s investor influx. As Budget 2026-27 looms on February 20, this survey sets a transparent benchmark for accountability and ambition.