The Gross Domestic Product (GDP) of Madhya Pradesh has reached ₹15,03,395 crore in the financial year 2024-25, compared to ₹13,53,809 crore in 2023-24, marking an 11.05% growth in the state's economy.
Deputy Chief Minister Shri Jagdish Deora stated that under the leadership of Prime Minister Shri Narendra Modi and Chief Minister Dr. Mohan Yadav, Madhya Pradesh has set a target to double its GDP by 2028-29.
GDP at Constant Prices: For the year 2024-25, GDP at constant prices stood at ₹7,12,260 crore, compared to ₹6,71,636 crore in the previous year, reflecting a real growth rate of 6.05%.
Sector-wise Contribution to Gross Value Added (GVA):
Strong Economy and Fiscal Position:
Agriculture Sector Performance:
Aligning with the vision of ‘Developed India,’ the Madhya Pradesh government has taken significant steps toward building a ‘Developed Madhya Pradesh.’ The state's robust banking system and financial inclusion are strengthening the economic framework. New income sources are being created through agriculture and agri-processing. Growth in Micro, Small, and Medium Enterprises (MSMEs), infrastructure projects, alternative energy sources, and enhanced energy availability is driving the state toward a self-reliant economy.
Madhya Pradesh is prioritizing education, healthcare, nutrition, women empowerment, and social inclusion for holistic development. Under the leadership of Chief Minister Dr. Mohan Yadav, four key missions—‘Garib Kalyan’ (Welfare of the Poor), ‘Yuva Shakti’ (Empowerment of Youth), ‘Annadata’ (Welfare of Farmers), and ‘Nari Shakti’ (Women Empowerment)—have been launched to ensure the progress of all sections of society.
Enhancing Ease of Living and Ease of Doing Business:
The Madhya Pradesh government has introduced initiatives such as the Jan Vishwas Bill, Revenue Mega Campaign, and PM Janman Program to improve ease of living and ease of doing business. Additionally, efforts are being made to promote tourism and preserve the state’s cultural heritage, including tiger and cheetah reserves, religious sites, and historical landmarks.
Declaration of ‘Industry Year 2025’:
The government has declared the year 2025 as ‘Industry Year’ to boost industrial growth. In the financial year 2024-25, the Gross Value Added (GVA) in the secondary sector stood at ₹2.73 lakh crore. A total of ₹145.13 crore has been approved for industrial infrastructure development, while investment proposals worth ₹4.17 lakh crore were received by December 2024.
Rising Investment in the Social Sector:
Over the past four years, the budget allocation for the social sector has increased by 82.52%. Additionally, 21.6% of the total state budget has been allocated for child development. Major schemes being implemented include ‘Poshan Bhi, Padhai Bhi,’ Self-Help Groups, Lakhpati Didi, and the Viksit Madhya Pradesh Vision 2047.
