Finance Minister reviews strategy of one trillion dollar economy

Lucknow: Uttar Pradesh Finance Minister Suresh Khanna held an important review meeting on the state’s overall strategy to achieve the target of one trillion dollar economy and the performance of key sectors led by the Finance Department. The meeting was attended by select departments such as Commercial Tax Department, Excise Department, Stamp and Registration Department, Mining Department and Transport Department led by the Finance Department.

The state’s tax revenue has increased significantly in the last five to six years. Senior officials presented an assessment of the progress under the ambitious one trillion dollar economy target strategy.

A detailed analysis of the current progress of these departments and the future roadmap were discussed during the meeting. These discussions included critical investments required to accelerate growth in various sectors. The Uttar Pradesh government has significantly increased capital expenditure in recent years.

A budget of about Rs 2 lakh crore has been kept for the financial year 2024-25 to enhance infrastructure and connectivity. In addition, the state witnessed the launch of investments worth about Rs 10 lakh crore during the Bhoomi Pujan ceremony held in February 2024, which was attended by Prime Minister Narendra Modi.

However, the need for more investments and speed in project implementation was emphasized to fully reap the benefits of these investments.

Khanna expressed satisfaction with the progress of the initiative and emphasized the importance of continued efforts in several key areas.

These include greater adoption of technology, improved compliance, focus on citizen service delivery, enforcement measures, and departmental capacity building through targeted training programs. Concluding the meeting, all stakeholders were called upon to sustain the progress and work towards a shared vision of prosperity that will reinforce the State’s commitment to sustainable and inclusive growth.

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