Madhya Pradesh Economy to Reach USD 2.1 Trillion by 2047
| Aspect | Details |
|---|---|
| News Topic | Madhya Pradesh Economy to Reach USD 2.1 Trillion by 2047 |
| Source | Confederation of Indian Industry (CII) Report |
| Current Economy (2023) | USD 164.7 billion |
| Projected Economy (2047) | USD 2.1 trillion |
| Report Title | "Envisioning Madhya Pradesh's Economy @ 2047" |
| Key Focus Areas | 1. Transport infrastructure development (multi-modal logistics parks, air cargo hubs)2. Skill development and skill parks3. Enhancing Single Window System (SWS) for ease of doing business4. Schemes to expand MSMEs (concessional credit, market access, technological upgradation) |
| Recommendations | - Increase Madhya Pradesh's contribution to India's GDP from 4.6% to 6.0% by 2047-48- Focus on manufacturing and industrial expansion- Increase manufacturing share from 7.2% to 22.2% by 2047 |
| Agriculture Contribution | 43% of the state's economy |
| CII Overview | - Non-governmental, not-for-profit, industry-led organisation- Established in 1895- Headquarters in New Delhi- Works with industry, government, and civil society for India's growth |