After securing a historic consecutive term in office, the Yogi Adityanath government has revived its earlier proposal to appoint a private advisor to help his government achieve a $1 trillion economy in the state over the next five years. .
On Tuesday, the Yogi government, while inviting bids for this ambitious project, said that it wants to take its economy to the level of 1 trillion dollars by 2027. Bids will be opened next month. The idea of Yogi Sarkar is to make a big contribution to the goal of making India a 5 trillion dollar economy in the coming years of the Narendra Modi government.
Uttar Pradesh GSDP in 2021-22 is estimated to be around Rs 21.73 lakh crore, which is around $270 billion. Hence the target is to increase the size of the economy by about four times in the next five years. UP contributes 8% of the national GDP and the chief minister has planned to align the state with the national target and play a leading role.
Read also | ‘No Yadav Belt, No Government’: This is the reason why Akhilesh Yadav’s SP could not snatch UP from BJP
The BJP government had claimed during the election that Yogi AdityanathUP had become the country’s second largest economy by being ranked sixth and seventh in the earlier years.
An earlier tender was invited by the Yogi government in 2020 to appoint a consultant, but it was canceled in 2021 due to unknown reasons. 2021 was also the year when the second wave of Kovid-19 came in India.
Clearly, the new targets of the Yogi Adityanath government will require a substantial increase in the current growth rate of the state and a significant increase in the investment rate apart from improving the infrastructure and need for sustained and aggressive efforts at the state level. Will be In the latest proposal, the Yogi Adityanath government has said.
Government may look at organizational restructuring, focused policies and regulations for more effective governance, faster decision-making process and better accountability and the consultant is expected to critically analyze macro and micro-economic sectoral data around GSDP, trade, investment can be done. State expenditure, savings, workforce participation, inflation, imports and exports. All the major areas can be studied for the scope of development.
Read also | From screening candidates to keeping dissidents busy, how BJP strategists ensured Yogi’s return to UP
The advisor may also be asked to compare the structural, institutional, financial and governance reforms undertaken in the top three states of India and the top three countries across the world, with the similarity of Uttar Pradesh, the multiplier between regional development and impact. Set further targets on GSDP and how to achieve them towards a $1 trillion economy for each sector.
A strategy can also be made for PPP options across all sectors, KRAs can be designed for each sector and achievable time frame for the target. Another plan is to build a reporting mechanism and dashboard from panchayat to chief minister’s office level and link it with big data analysis.
A special team will be formed by the Yogi Adityanath government to implement this task.
read all breaking news , today’s fresh news And Ukraine-Russia War Live Updates Here.