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TMI BlogMadhya Pradesh has potential to become USD 2.1 trillion economy by 2047-48: CII reportX X X X Extracts X X X X X X X X Extracts X X X X ..... Madhya Pradesh has potential to become USD 2.1 trillion economy by 2047-48: CII report X X X X Extracts X X X X X X X X Extracts X X X X ..... ng the manufacturing industry and industrial expansion must take center stage, CII said. According to the report, "Envisioning Madhya Pradesh Economy@2047" the gross state domestic product (GSDP) of the state can rise to USD 2.1 trillion (Rs 248.6 lakh crore) by 2047-48, growing at a CAGR of 8.6 per cent, from the current USD 164.7 billion (Rs 13.6 lakh crore). With a proactive state governmen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t dedicated to boosting investment and driving growth, Madhya Pradesh is well-placed to increase its contribution to India's GDP from the current 4.6 per cent to 6.0 per cent by 2047-48, CII Director General, Chandrajit Banerjee said. As per the report, for Madhya Pradesh to achieve its ambitious growth targets, manufacturing and industrial expansion must take center stage. While the agricultu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re sector currently contributes 43 per cent to Madhya Pradesh's economy, the share of manufacturing must rise from 7.2 per cent to 22.2 per cent by 2047 to sustain long-term growth.
To achieve this, the report outlined strategic interventions, categorised into horizontal (cross-sectoral) and vertical (sector-specific) approaches. PTI MJH RKL DRR X X X X Extracts X X X X X X X X Extracts X X X X
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