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After elections Yogi wants UP to power PM Modi’s $5trillion economy goal

UP CM Yogi Adityanath has promised action for the weavers of Varanasi

UP Chief Minister Yogi Adityanath has sprung into action after winning an impressive second term. His focus is to drive the state’s economy to $1 trillion in the next five years while contributing to the overall aim of Prime Minister Narendra Modi to touch a $5 trillion economy by 2027.

Sources said Yogi has asked his team to monitor the ongoing infrastructure projects in the state to ensure their timely completion.

“Quite a few of them are expected to be completed by the next two years, before the national elections,” an insider said.

According to reports, Yogi and his team will invite companies to present a concrete roadmap for this “ambitious project” of touching $1 trillion. Bids for the same are expected to be opened soon,  

The Kashi Vishwanath Dham Project, Kanpur Metro, Uttar Pradesh Defence Industrial Corridor, Bundelkhand Expressway, and Ganga Expressway are among the other key projects undertaken by the UP government.

Earlier, in an opinion column published by India Narrative, said that the state is positioning itself as a multi-modal logistics and transportation hub in northern India. “The sheer number of infrastructure projects that have been recently completed and are on-going in the state is evidence of this fact. The diverse nature of infrastructure projects – a combination of road, rail, air and waterway initiatives – makes it more progressive,” it said.

Also read: Transforming Uttar Pradesh: An Upcoming Multi-modal Connectivity Hub

Modi has already announced plans to make Greater Noida a multi-modal logistics and transportation hub, by investing Rs 3,883.80 crore.

The state has attracted investments of over Rs 3 lakh crore in the last five years. The infra push has also led to employment generation in the state, which never featured in the list of states with conducive investment climate for many decades.

Besides, the chief minister has also improved governance. “The fact is that the benefits of the social welfare schemes have reached the targeted households, corruption has come down,” a social researcher living in the state told India Narrative.

According to News18, the GSDP of the state is estimated to be at around Rs 21.73 lakh crore in 2021-22, translating to about $270 billion. “So the target is to increase the economy’s size by nearly four times over the next five years. UP contributes 8% of the national GDP and the CM plans to align the state with the national target and play a leading role,” it said.