Economy

Current Economic Situation

Budget 2024-25

  • GSDP Growth: Madhya Pradesh's GSDP for 2024-25 is projected at ₹15,22,220 crore, reflecting a 0.6% increase from 2023-24. The agriculture, manufacturing, and services sectors are estimated to contribute 36%, 24%, and 40%, respectively, to the state economy.
  • Expenditure Allocation: The state targets ₹3,26,381 crore in expenditure for 2024-25, with ₹2,61,644 crore allocated to revenue expenditure and ₹61,633 crore to capital outlay, representing a strategic focus on essential services and asset creation.
  • Growing Per Capita Income: Per capita GSDP for 2023-24 is estimated at ₹1,56,381, marking an 8% increase over the previous year, showcasing improved economic ....
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