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UP To Hire Consultant To Become $1 Tn Economy

A nearly fourfold increase in GDP is targeted for 2027, when the next assembly election is also scheduled to take place. The forecast for the state's GDP in 2021-2022 is Rupees 21.74 lakh crore

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Yogi Adityanath, UP CM

After winning the election last week, the Uttar Pradesh government on Tuesday said that it would hire a consultant to help boost the state's economy to USD 1 trillion over the next five years.

Eight firms submitted bids to the Yogi Adityanath’s government for the job in 2020, including Deloitte, Boston Consulting Group, Indian Institute of Management Lucknow and Grant Thornton, state officials said. However, the process was not conclusive. 

A new bid request has been made, with the final deadline for submissions setting for April 14 and the technical bids to be opened on April 18.

A nearly fourfold increase in GDP is targeted for 2027, when the next assembly election is also scheduled to take place. The state’s GDP was estimated at Rupees 19.40 lakh crore in 2020-2021, and the forecast for 2021-2022 is Rupees 21.74 lakh crore. Once the BJP returns to power in 2022, Yogi Adityanath has earlier claimed the state will become the nation's largest economy.

To achieve the PM's goal of turning the economy into a 5 trillion dollar economy by 2024-25, the state is following his lead. State and national targets are aligned and the Chief Minister is seeking to take a leading role. In the request for proposals, he has set a target that Uttar Pradesh will become a trillion dollar economy within the same time frame.