According to a report by the Confederation of Indian Industry (CII), Madhya Pradesh's Gross State Domestic Product (GSDP) is projected to reach $2.1 trillion (₹248.6 lakh crore) by 2047-48. The report anticipates a Compound Annual Growth Rate (CAGR) of 8.6% for the state’s economy. Currently, Madhya Pradesh’s GSDP stands at $164.7 billion (₹13.6 lakh crore).
Titled "Envisioning Madhya Pradesh Economy @2047," the report identifies key sectors, policy interventions, and investment opportunities to drive the state's economic growth.
Madhya Pradesh's Growing Contribution to India's GDP
Commenting on the report, CII Director General Chandrajit Banerjee stated that the Madhya Pradesh government’s commitment to fostering investment and accelerating growth could increase the state’s contribution to India’s GDP from the current 4.6% to 6% by 2047-48. He emphasized that the report is based on extensive data analysis and insights from industry leaders, policymakers, and academic experts.
This report serves as a blueprint for sustainable development, employment generation, and enhanced competitiveness in the state. It highlights that Madhya Pradesh must focus on manufacturing and industrial expansion to achieve its ambitious growth targets.