MP's Economic Growth: Key Statistics and Projections
MP's Economic Growth: Key Statistics and Projections
Madhya Pradesh (MP) is experiencing a transformative phase in its economic trajectory, marked by robust growth, strategic policy interventions, and ambitious long-term projections. Here's an overview of the state's economic performance and future outlook:
Current Economic Performance
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Gross State Domestic Product (GSDP): For the fiscal year 2024-25, MP's GSDP at current prices is estimated at ₹15,22,220 crore, reflecting a modest growth of 0.6% over the previous year. At constant prices, the state's GSDP stands at ₹7,12,260 crore, indicating a real growth rate of 6.05% .
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Per Capita Income: The per capita income at current prices has reached ₹1,52,615, up from ₹1,21,594 in 2021-22, marking a significant increase of 25.5%
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Sectoral Contribution: In 2024-25, the primary sector (agriculture) contributed 44.36% to the Gross Value Added (GVA), the secondary sector (industry) 19.03%, and the tertiary sector (services) 36.61% . MP's Economic Growth: Key Statistics and Projections
Madhya Pradesh (MP) is experiencing a transformative phase in its economic trajectory, marked by robust growth, strategic policy interventions, and ambitious long-term projections. Here's an overview of the state's economic performance and future outlook:
Current Economic Performance
Gross State Domestic Product (GSDP): For the fiscal year 2024-25, MP's GSDP at current prices is estimated at ₹15,22,220 crore, reflecting a modest growth of 0.6% over the previous year. At constant prices, the state's GSDP stands at ₹7,12,260 crore, indicating a real growth rate of 6.05% .
Per Capita Income: The per capita income at current prices has reached ₹1,52,615, up from ₹1,21,594 in 2021-22, marking a significant increase of 25.5%
Sectoral Contribution: In 2024-25, the primary sector (agriculture) contributed 44.36% to the Gross Value Added (GVA), the secondary sector (industry) 19.03%, and the tertiary sector (services) 36.61% .