Economy

BJP’s lack of pro-growth policies make trillion-dollar economy target for U.P. a pipe dream, says Samajwadi Party

December 25, 2025

Published - December 25, 2025 04:15 am IST - Lucknow Amid the Uttar Pradesh government’s push for a trillion-dollar economy by 2029, the Samajwadi Party (SP) on Wednesday (December 24, 2025) ridiculed the target, claiming that a lack of serious pro-growth policies to address structural economic issues make the trillion-dollar target implausible and impossible. The SP said that U. P.’s per capita income remains at roughly half the national average with agriculture still accounting for just over one-fifth of Gross State Domestic Product (GSDP) but employing over half the workforce, indicating massive productivity gaps in the agricultural sector. “U. P.’s GSDP was ₹22.57 lakh crore in 2022-23, approximately $271 billion at 2023 exchange rates and only ₹25.48 lakh crore in 2023-24.

BJP’s lack of pro-growth policies make trillion-dollar economy target for U.P. a pipe dream, says Samajwadi Party

Credit: Thehindu

Key Highlights

Reaching $1 trillion by 2029 requires sustained real growth of 30% plus annually—far above Uttar Pradesh’s historical performance and India’s national average.
Between 2012-13 and 2021-22, U. P.’s real GSDP grew at just 5.3% annually, below even the national average of 5.6% let alone the required rate, despite U. P.
benefitting from an incomparable demographic dividend and central government investment,” the party said in a statement.
The State ranks 13th out of 17 major States in agricultural productivity, and manufacturing growth—critical for rapid GDP expansion—faces challenges from poor infrastructure and low credit penetration,” said Ram Pratap Singh, national spokesperson of the SP.
Mr.

Uttar Pradesh

Sources

BJP’s lack of pro-growth policies make trillion-dollar economy target for U.P. a pipe dream, says Samajwadi Party

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

BJP’s lack of pro-growth policies make trillion-dollar economy target for U.P. a pipe dream, says Samajwadi Party

Key Highlights

Sources

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