The Madhya Pradesh government presented its Economic Survey for 2025–26 in the Legislative Assembly, highlighting optimistic economic indicators just prior to the unveiling of the state budget. The survey estimates that the Gross State Domestic Product (GSDP) will grow by 11.14% in this period, with per capita income projected to rise to ₹1,69,050, up significantly from ₹38,497 in 2011–12.
Improvements in agriculture and animal husbandry are noted, with crops contributing approximately 6.38% to Gross State Value Added in 2025–26. Livestock’s share has also seen a slight increase from 7.08% to 7.22%. On the fiscal front, the government aims to keep the fiscal deficit at 4.6%, while anticipating an increase in its share of central taxes, which could bolster various development programs.
Deputy Chief Minister and Finance Minister Jagdish Deora emphasized the state’s commitment to balanced and inclusive economic growth, citing significant growth metrics. The GSDP at current prices for 2025–26 is projected at ₹16,69,750 crore, an increase from ₹15,02,428 crore in 2024–25. Furthermore, the GSDP at constant prices is pegged at ₹7,81,911 crore, reflecting a real growth of 8.04%. Deora noted that this economic advancement is attributed to real production and activity growth, rather than solely price inflation.
The survey also outlines gains across different sectors, with the primary sector’s Gross State Value Added estimated at ₹6,79,817 crore, the secondary sector at ₹3,12,350 crore, and the tertiary sector showing the highest growth rate at ₹5,85,588 crore.
Why this story matters: The projections reflect the state’s economic development and potential for investment.
Key takeaway: Madhya Pradesh anticipates substantial GSDP growth, driven by improvements in various sectors.
Opposing viewpoint: Critics may argue that these growth estimates are overly optimistic and may not account for potential economic challenges.
