Uttar Pradesh leads India's industrial surge, sets new growth benchmarks

Uttar Pradesh has achieved a new milestone in industrial growth under the leadership of Chief Minister Yogi Adityanath, according to the Annual Survey of Industries (ASI) 2023-24 released by the Ministry of Statistics and Programme Implementation (MoSPI).

The report places the state ahead of traditional industrial powerhouses on three major parameters—number of factories, employment generation, and gross value addition (GVA).

Record Growth in GVA

The ASI report shows that Uttar Pradesh’s Gross Value Added (GVA) climbed from ₹1.34 lakh crore in 2022-23 to ₹1.67 lakh crore in 2023-24. This marks a sharp 25.03% growth, more than double the national average of 11.9%. With this performance, Uttar Pradesh secured the top spot across the country.

Surge in Factories and Employment

The number of factories in the state expanded from 19,102 to 22,141, reflecting a 15.91% rise—almost seven times higher than the national average of 2.7%. Employment levels also grew substantially, with the workforce increasing from 14.86 lakh to 16.26 lakh, a 9.37% rise compared to the all-India average of 5.9%.

Policies Driving Industrial Momentum

Experts attribute this growth to the Yogi government’s focus on proactive industrial policies, an improved investment climate, and stronger law and order in the state. Supported by the vision of Prime Minister Narendra Modi and the leadership of CM Yogi Adityanath, Uttar Pradesh is increasingly being recognized as a new industrial hub.

The achievement, observers note, underscores the confidence of investors, the efforts of the workforce, and the impact of transparent, growth-driven policies rolled out by the state government.