Uttar Pradesh Chief Minister Yogi Adityanath revealed that the state has successfully garnered investment proposals totaling an impressive ₹50 lakh crore since 2017. Speaking at the Confederation of Indian Industry's (CII) Annual Business Summit 2026, Adityanath asserted that Uttar Pradesh is firmly on course to achieve a $1 trillion economy by the fiscal year 2029-30.
A New Era of Law and Order Fuels Growth
During his address, CM Adityanath highlighted that his government's stringent enforcement of the rule of law has been the cornerstone of the state's economic resurgence. He contrasted the current climate with the period before 2017, which he described as plagued by frequent riots, curfews, extortion, farmer suicides, and a general lack of safety for women and entrepreneurs. Adityanath credited his experience managing the Gorakhnath Math for instilling the discipline necessary to govern the state effectively.
Strategic Policies Drive Industrial Revival
The Chief Minister outlined key strategic initiatives that have contributed to this remarkable turnaround. These include prioritizing the establishment of law and order, dismantling policy paralysis, formulating specific sectoral policies for industrial growth, curbing arbitrary decision-making, and implementing measures to reduce farmer suicides through agricultural development. His administration also focused on strengthening the manufacturing sector, bolstering Micro, Small, and Medium Enterprises (MSMEs), establishing a 75,000-acre land bank, and significantly improving road, rail, and air connectivity across the state.
Adityanath proudly shared statistics, noting that Uttar Pradesh now accounts for 55 percent of the country's electronic component manufacturing. He stated that 18,000 large industries and 9.6 million MSMEs have established units in the state during his tenure, creating employment opportunities for 30 million youth. He recalled a previous investors' summit that yielded ₹4.67 trillion in proposals, with 60 percent already seeing groundbreaking ceremonies, further underscoring the state's investment appeal.
Uttar Pradesh: A Major Economic Powerhouse
CII President Rajiv Memani further corroborated Uttar Pradesh's economic ascent, stating that the state now contributes 9 percent to India's Gross Domestic Product (GDP), making it the country's second-largest economy. Memani highlighted Uttar Pradesh's robust financial health, reporting a revenue surplus of ₹37,000 crore in FY25, with projections to reach ₹80,000 crore in FY26, all while maintaining a fiscal deficit of 2.9 percent and avoiding new taxes. Adityanath extended an invitation to CII and business leaders to continue investing in the state, promising a conducive environment for growth and prosperity.