UP’s GSDP shrinks 5.9 per cent in 2020-21

Revised estimates of UP’s income by the State Planning Institute, show the adverse impact of Covid-19 on the state’s economy
The UP government had recently claimed that the GSDP has increased from <span class='webrupee'>₹</span>17,91,263 crore to <span class='webrupee'>₹</span>19,40,527 crore (HT File Photo)
The UP government had recently claimed that the GSDP has increased from 17,91,263 crore to 19,40,527 crore (HT File Photo)
Published on Sep 20, 2021 11:41 PM IST
Copy Link
By, Lucknow

Uttar Pradesh’s Gross State Domestic Product (GSDP) is estimated to have shrunk by 5.9 per cent in 2020-2021 following the adverse impact of Covid-19 on the state’s economy, according to the State Planning Institute (Economics and Statistics Division), Uttar Pradesh.

The revised estimates of the state’s income may push even farther the objective of making Uttar Pradesh a trillion-dollar economy in the next five years.

The revised estimates of UP’s income that the State Planning Institute (Economics and Statistics Division) released on September 16 though show a slight improvement in the growth of GSDP (on constant price), the state government will have to mobilise additional resources to push the economy ahead. Advance estimates for 2020-21 (released in March 2021) had shown a contraction of about 6.4 per cent in the GSDP.

A close scrutiny of the revised data released for 2018-19 (revised provisional) 2019-20 (revised quick) and 2020-21 (revised advance) also indicates that the state’s economy grew at a rate of less than 5 per cent in the past four-and-a-half-year tenure of the BJP government in UP. The GSDP growth in 2017-18 is estimated to be 4.9 per cent. In 2018-19 and 2019-20, it remained at about 4.3 per cent only.

Significantly, the data shows that UP’s GSDP (at current prices) is estimated to have reached 15,82,682 crore in 2018-19, 17,25,860 crore in 2019-20 and 17,39,114 crore in 2020-21. The state government had recently claimed that the GSDP has increased from 17,91,263 crore to 19,40,527 crore (revised estimates) on March 31, 2021.

“These estimates do not paint a rosy picture of the state economy and its performance over the past four years. As per these estimates, the rate of growth of the economy was less than 5% during 2017-20 and (- 5.9%) in the Covid-19 year 2020-21.These rates of growth are much lower than what is warranted by the target of making UP a trillion-dollar economy by 2025,” said Professor Yashvir Tyagi, former head of the department of economics, Lucknow University.

Tyagi further said, “A worrisome fact is that an important sector like manufacturing registered negative rates of growth over the last four years. Its share in GSDP is also declining and is less than 15%. For rapid industrialisation of the state, this is not a good sign. The performance of the agriculture sector has been quite good. Even in the epidemic affected year 2020-21, it had a positive growth of 2.7%. Services or the tertiary sector has done well except in 2020-21 wherein it contracted by 7.9%. The above facts should be a sobering reminder to the state government that much needs to be done to put Uttar Pradesh on the fast trajectory of growth.”

The Indian economy contracted by 7.3 per cent in the fiscal year 2020-21, according to the GDP statistics released by the National Statistical Office (NSO) of the Central government on May 31, 2021. The state planning institute has prepared the revised data on the basis of the methodology provided by NSO and using the data after holding online discussions from March 30 to April 30, 2021.


    Umesh Raghuvanshi is a journalist with over three decade experience. He covers politics, finance, environment and social issues. He has covered all assembly and parliament elections in Uttar Pradesh since 1984.

Close Story

Less time to read?

Try Quickreads

  • The arrested Lashkar-e-Taiba militants and a terror associate in the J&K Police custody on Thursday. (Photo: Baramulla police/Twitter)

    Five Lashkar men held for Baramulla grenade attack

    The Jammu and Kashmir Police on Thursday claimed to have solved the Baramulla grenade attack case on a liquor shop with the arrest of four Lashkar-e-Taiba terrorists and a terror associate. The police identified the four militants as Shahid Showkat Bala, Safeer Ahmad Mir, Moh Maroof Saleh and Faisal Shaban Gojri, all residents of Baramulla while their associate Hatif Ahmad Sofi was from Arampora.

  • HP chief minister Jai Ram Thakur said his government is working on evolving a foolproof examination system in the state so such incidents do not occur in future. (HT Photo)

    Guilty will not be spared: Jai Ram on HP paper leak case

    With the police constable recruitment exam question paper leak turning out to be a major embarrassment for the Himachal government in the election year, chief minister Jai Ram Thakur on Thursday said that those found guilty will not be spared. Two days ago, Jai Ram had announced that his government will hand over the investigations of the paper leak case to the CBI after it concluded that the probe spanned several states.

  • US undersecretary and special coordinator for Tibetan issues Uzra Zeya with Tibetan spiritual leader the Dalai Lama in Dharamshala on Thursday. (HT Photo)

    US special envoy meets Tibetan spiritual leader Dalai Lama in Dharamshala

    US undersecretary and special coordinator for Tibetan issues Uzra Zeya received an audience with Tibetan spiritual leader the Dalai Lama on Thursday morning at The Dalai Lama's official residence at Mcleodganj in Dharamshala. Sikyong (president) of Central Tibetan Administration Penpa Tsering, kalon (minister) of CTA's information and international department Norzin Dolma, representative Namgyal Choedup and members of Zeya delegation were also present.

  • The wildlife department has set up a cage in Janetpur, Dera Bassi, to catch the animal. (HT Photo)

    Woman spots leopard, panic in Dera Bassi village

    Panic gripped the residents of Janetpur, Dera Bassi, after a woman and some children spotted a leopard in the fields around 11 am on Thursday. Villagers informed the police, who alerted the wildlife department. Swinging into action, the department set up a cage to trap the wild cat and made announcements asking people to stay indoors. A wildlife department team, along with police personnel, has also been deployed in the area.

  • The inflammatory bowel disease (IBD) card has been designed by PGIMER’s gastroenterology department, in association with Colitis and Crohn’s Foundation, India. (Shutterstock)

    PGIMER Chandigarh launches card to track medical record of patients with inflammatory bowel disease

    With an aim to help patients with chronic Inflammatory bowel disease manage the disease effectively, Post Graduate Institute of Medical Education and Research launched IBD cards on Thursday, globally celebrated as World IBD Day. IBD, an ongoing illness caused by the inflammation of the intestines, has two main types: ulcerative colitis and Crohn's disease. The IBD card has been designed by PGIMER's gastroenterology department, in association with Colitis and Crohn's Foundation, India.

Story Saved
Saved Articles
My Reads
Sign out
New Delhi 0C
Friday, May 20, 2022