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Madhya Pradesh has potential to become USD 2.1 trillion economy by 2047-48: CII report
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....adhya Pradesh has potential to become USD 2.1 trillion economy by 2047-48: CII report<BR>PTI News<BR>Dated:- 24-2-2025<BR>PTI<BR>Bhopal, Feb 24 (PTI) Madhya Pradesh can potentially increase the size of its economy by 18 times to USD 2.1 trillion (Rs 248.6 lakh crore) by 2047-48, according to a report by the industry body CII. In order to realise its potential, the state needs to focus on boostin....
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....g 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 government....
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.... 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 agricultur....
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....e 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<BR> News - Press release - PIB....