Economic Survey Pegs Madhya Pradesh Growth Rate at 11.05%
The economic survey presented in the state Assembly by the Mohan Yadav government has brought a smile to the faces of the people of Madhya Pradesh. The survey has pegged the state’s growth rate at a whopping 11.05%, surpassing the national average. This impressive achievement is a testament to the government’s consistent efforts over the past two decades to boost the state’s economy.
According to the survey, Madhya Pradesh’s GDP for the fiscal year 2024-25 has reached a staggering ₹15,03,305 crore. This is a significant increase from the previous year’s GDP of ₹13,45,656 crore, indicating a robust growth rate of 11.05%. The survey highlights that the state’s growth rate is not only higher than the national average but also among the highest in the country.
The growth rate of 11.05% is a remarkable achievement, considering the challenges the state has faced in the past. Over the years, Madhya Pradesh has faced issues related to infrastructure, human resources, and policy framework, which have hindered its growth potential. However, the government’s efforts to address these issues have started to bear fruit, leading to the impressive growth rate.
So, what are the key factors that have contributed to Madhya Pradesh’s impressive growth rate? The economic survey highlights several key factors that have contributed to this growth. Firstly, the government’s focus on infrastructure development has been a major driver of growth. The state has invested heavily in building roads, bridges, and other infrastructure, which has improved connectivity and facilitated economic activity.
Secondly, the government’s efforts to improve the business environment have also played a significant role in the state’s growth. The government has implemented various initiatives to simplify procedures, reduce bureaucracy, and increase transparency, making it easier for businesses to operate in the state.
Thirdly, the government’s focus on human resource development has also been a key factor in the state’s growth. The government has invested in education and skill development, which has helped to improve the skills and employability of the state’s workforce.
Lastly, the government’s efforts to promote industries and attract investments have also contributed to the state’s growth. The government has implemented various initiatives to promote industries such as textiles, pharmaceuticals, and automobiles, and has also offered incentives to attract investments in the state.
The economic survey also highlights the state’s progress in various sectors, including agriculture, manufacturing, and services. The survey reveals that the state’s agriculture sector has grown by 3.5%, while the manufacturing sector has grown by 10.5%. The services sector, which includes industries such as healthcare, education, and finance, has grown by 12.5%.
The economic survey also highlights the state’s progress in terms of human development indicators. The survey reveals that the state’s infant mortality rate has decreased by 10%, while the maternal mortality rate has decreased by 15%. The state’s literacy rate has also increased by 5%, and the average life expectancy has increased by 2 years.
In conclusion, the economic survey’s pegging of Madhya Pradesh’s growth rate at 11.05% is a significant achievement, and a testament to the government’s consistent efforts over the past two decades. The state’s growth rate is higher than the national average, and the state’s GDP has reached a staggering ₹15,03,305 crore. The government’s focus on infrastructure development, business environment, human resource development, and industry promotion has been key to the state’s growth. As the state looks towards the future, it is clear that with continued focus and effort, Madhya Pradesh has the potential to become one of the leading economies in the country.
