Uttar Pradesh has been performing well on several fronts including economic growth, infra development...
Uttar Pradesh has been performing well on several fronts including economic growth, infra development and labour productivity and is well poised to register a double-digit growth by the 2016-17 fiscal, industry body Assocham said today.
Assocham Secretary General D S Rawat said in a study report that the state has started outperforming the country on various parameters including economic growth, infrastructure development, industry, services sector rise and labour productivity and could achieve double digit growth rate of over 10 per cent by financial year 2016-17.
He said that in the present fiscal the growth rate of the state is 9.3 per cent and in past two years the state government had done good work.
On the Centre’s ‘Make in India’ campaign, the report said that it is like a “dream at present. and for this heavy investments are needed and that will come only when there is consumption. Presently, the environment of investment is missing in the country. Now all eyes are set on the coming budget.”
He was addressing mediapersons at a programme to launch study report – “UP inching towards double digit growth”.
“UP has also stayed ahead the national growth rate in services sector with 8.1 per cent CAGR as of 2013-14 as against India’s growth rate of 4.7 per cent,” he added.