Madhya Pradesh Economic Survey 2023-24 PDF

Government of Madhya Pradesh  Foreword The publication of Madhya Pradesh Economic Survey – 2023-24 provides an opportunity not only to reflect the economic progress of the state but also to evaluate the concept of socio-economic inclusion, and desired & targe...

Government of Madhya Pradesh  Foreword The publication of Madhya Pradesh Economic Survey – 2023-24 provides an opportunity not only to reflect the economic progress of the state but also to evaluate the concept of socio-economic inclusion, and desired & targeted development of Madhya Pradesh. By the year 2047, when the country will complete 100 years of independence, the delightful possibility of Madhya Pradesh becoming a developed state along with developed India leads to making this evaluation more and more realistic and in-depth. In this issue of Madhya Pradesh Economic Survey, an analytical presentation of the progress made by Madhya Pradesh in various fields in the last one year is being made. This survey presents economy, banking, socio-economic development, social inclusion, education, health, science and technology, infrastructure, industry and trade, good governance, sports and youth and the emerging cultural economy in Madhya Pradesh. It also provides analysis of the same with facts and figures, depicting a comprehensive view and description of the schemes and programs being implemented for agriculture, social inclusion, women power, youth etc. to strengthen the economy of the State. Data obtained from various departments of the State and data sources of other important government and recognized institutions have been used in preparing the Economic Survey. Therefore, Madhya Pradesh Economic Survey - 2023-24 presents a multi- dimensional picture of the growing trends and achievements of the State in various sectors of the economy with many statistical facts and figures. Evidence-based and data- based policy making and analysis is being given great importance in Madhya Pradesh. This effort is clearly visible in this issue of the Economic Survey. All the members of the PMU team working in the Madhya Pradesh Rajya Niti Aayog have done a commendable job in its documentation, editing, and publication. I hope that this publication will be interesting and beneficial to policy makers, planners, academicians and students interested in the socio-economic development of the State. 28th June, 2024 Sanjay Kumar Shukla Principal Secretary, Chief Minister & Planning, Economics & Statistics  Acknowledgements The Madhya Pradesh Economic Survey-2023-24 presents a holistic picture of the State, this comprehensiveness lies in the inclusive process of its preparation. This issue of the survey is inspired by the philosophy of the Hon’ble Chief Minister of the State to move forward by doing a holistic analysis of the present, we are heartily grateful to him for providing this insight. Also, we are very grateful to Shri Jagdish Deora, Hon’ble Deputy Chief Minister and Minister Finance and Planning, Economic and Statistics Department for his guidance. We would like to express our heartfelt gratitude to the following persons who have contributed significantly in the preparation of this document : Smt. Veera Rana, Chief Secretary, who provided her valuable insights and expertise in shaping the content. Shri Praveen Kumar Srivastava, Chairman, Madhya Pradesh State Statistics Commission who contributed significantly in shaping the document and deciding the important aspects to enrich the text. Further, thanks to Shri Sanjay Kumar Shukla, Principal Secretary, Chief Minister’s Office, Planning, Economics and Statistics, and Women and Child Development Department for his constructive feedback, keen observations and continuous follow-up with suggestions that has enhanced the quality of this document. I am also thankful to the Additional Chief Secretaries, Principal Secretary and Secretaries of the Government for their cooperation in providing relevant data, departmental insights, vision for their departments. The officers and staff of various departments for their technical support, verification of documents and assistance vetting, we are thankful to them. Thanks to Professor Deepak Sethia, Member, Madhya Pradesh State Statistical Commission for providing his excellent views on the state of the economy. I am thankful to the staff of Economics and Statistics for their coordination, proof reading and assistance to the research team. The PMU team of Madhya Pradesh Rajya Niti Aayog deserves a big thanks for their tireless efforts in research for drafting chapters of the Economic Survey 2023-24. Thanks to the media designing team for their cooperation and hard work in timely designing and providing the printed version of the publication. Additionally I am thankful to all the Class IV employees who helped the Working Group in carrying out their efforts. We appreciate the collective efforts of our team members, stakeholders and reviewers who have contributed in preparation of this document. Your contributions have been invaluable, and we are grateful for your cooperation. 28th June, 2024 Shilpa Gupta Commissioner Directorate of Economics and Statistic  Contents Chapter 1 State Of Economy: An Overview 1 1.1 Economic Output 3 1.2 Financial foundations: Public finance and Banking sector 7 1.3 Agriculture and Rural Development 8 1.4 Catalysts of growth: Industry, trade and investment, MSMEs, startups, 9 infrastructure, tourism and urban development 1.5 Building an Inclusive Future: Education, Services and the Social Sector 11 1.6 Health 12 1.7 Natural resources 12 1.8 Innovative Governance: Science, Technology & Good Governance 12 1.9 Culture and economy 14 1.10 Sports and Youth Welfare 14 Chapter 2 Public Finance 19 2.1 Receipts 20 2.2 State Tax Revenue 21 2.3 Non-Tax Revenue of the State 23 2.4 State's Share in Central Taxes 24 2.5 Expenditure 24 2.6 Externally Aided Projects 25 2.7 Fiscal discipline 26 2.8 Public Finance 28 Chapter 3 Banking and Financial Institutions 29 3.1 Credit Expansion for Economic Growth 31 3.2 Banking Sector Performance 36 3.3 Financial Inclusion for Equitable Growth 38 3.4 Financing to Assist Employment 39 Chapter 4 Agriculture and Rural Development 43 4.1 Weather condition 45  4.2 Crop Production 46 4.3 Agricultural Development Schemes: 51 4.4 State-Centric New Agricultural Schemes: 53 4.5 Central Schemes: 55 4.6 Information Technology: 56 4.7 Horticulture 58 4.8 The Madhya Pradesh State Agricultural Marketing Board 68 4.9 Animal Husbandry 73 4.10 Food and civil supplies: 79 4.11 Fisheries Development 83 4.12 Rural Development 87 Chapter 5 Industry, MSME & Infrastructure 99 5.1 Industry 102 5.2 MSME 107 5.3 Traditional Industries 112 5.4 Tourism 115 5.5 Infrastructure 121 Chapter 6 Trade, Investment & Connectivity 131 6.1 Expanding the Horizon 133 6.2 Trade Promotion 134 6.3 Investment Promotion 140 6.4 Connectivity 142 6.5 Logistics 146 Chapter 7 Urban Development 151 7.1 Introduction 151 7.2 Schemes for urban development: 151 Chapter 8 Social and Economic Development 167 8.1 Social Sector in Madhya Pradesh 170  8.2 Socio-Economic Change in the Status of Women 171 8.3 Development and Protection of Children 179 8.4 Youth and Social Change 182 8.5 Labour & Employment 183 8.6 Indicators reflecting Socio-Economic Growth in MP 188 Chapter 9 Health 195 9.1 Health Infrastructure 197 9.2 Ayushman Bharat 199 9.3 Key Health Programs 202 9.4 Quality Assurance Program 209 9.5 Other National Program 212 9.6 AYUSH Department 220 Chapter 10 Education & Skill Development 225 10.1 School Education 227 10.2 Higher Education 232 10.3 Technical Education and Skill development 234 Chapter 11 Natural Resource Management 241 11.1 Forest 243 11.2 Water Resorces 252 11.3 Minerals 260 Chapter 12 Social Inclusion 271 12.1 Scheduled Caste Development: Economic and Social Empowerment 274 12.2 Welfare of Scheduled Tribes 280 12.3 Welfare of Other Backward Classes 284 12.4 Minority Welfare 288 12.5 Social Justice and Empowerment of Persons with Disabilities 290 12.6 Vimukta, Ghumantu and Ardh-Ghumantu Welfare 294 Chapter 13 Good Governance 297 13.1 Applications of Good Governance in the Revenue Sector 300 13.2 Citizen Service Delivery 305 13.3 Law and Legislative Reforms 308 13.4 Law and Order 309 13.5 State Efforts for Inclusive Growth 310 13.6 Capacity Building for Good Governance 312 Chapter 14 Science and Technology 317 14.1 Science and Technology Ecosystem of Madhya Pradesh 319 14.2 New Policy Initiatives 320 14.3 Budgetary allocations to the S&T department in Madhya Pradesh 321 14.4 Science Popularisation 321 14.5 Pillars of S&T Ecosystem 323 14.6 Special Initiatives 328 Chapter 15 Cultural Economy 351 15.1 The Relationship of Cultural Heritage to the Economy 354 15.2 Religious Trust and Endowment Department 354 Chapter 16 Sports & Youth Welfare 363 16.1 Significant Achievements 364 16.2 Youth Activities 368 16.3 Madhya Pradesh Sports Infrastructure 370 16.4 Madhya Pradesh Sports Innovation 371 16.5 Madhya Pradesh Youth Policy 2023 371 16.6 Red Ribbon Club 371 16.7 National Service Scheme (NSS) 372  List of Table Table 2.1: Key Fiscal Indicators 19 Table 2.2: Total receipts of the State Government 20 Table 2.3: Structure of Revenue Receipts 21 Table 2.4: Tax Revenue 22 Table 2.5: Non-tax revenue of the State 23 Table 2.6: Size of Madhya Pradesh Budget (from year 2000-01 to year 2023-24) 24 Table 2.7: Revenue and Capital Expenditure 25 Table 2.8: Amount received from outside aid in Madhya Pradesh 25 Table 2.9: Debt to GSDP Ratio 27 Table 3.1: Performance on Sector-wise Credit Extended under Annual Credit Plan (ACP) 32 Table 3.2: Bank-Wise ACP Performance FY 2023-24 32 Table 3.3: Scheduled Commercial Bank's Credit Growth Comparison with Country 33 Table 3.4: Division-wise ratio of Agri Credit to Agri GVA (2020-21) 34 Table 3.5: Credit Expansion of the State with National Benchmarks 34 Table 3.6 a: District Wise CD Ratio Analysis 35 Table 3.6 b: District wise Growth in CD Ratios 36 Table 3.7: Consolidated Financial Status of District Central Co-operative Banks 36 Table 3.8: Non-Performing Assets (NPA) in Banks 37 Table 3.9: Sector-Wise Status of NPA 37 Table 3.10: Extension of Branches in the Banking Network of the State 38 Table 3.11: Status of GSS 40 Table 3.12: RIDF Projects 41 Table 4.1: Area Coverage and Number of Distributed Packets of Bt Cotton 52 Table 4.2: Distribution of chemical fertilizer (Lakh metric tonn) 52 Table 4.3: Area under plant protection (Lha) 53 Table 4.4: Area and Production of Major Horticulture Crops 60 Table 4.5: Physical and Financial Summary of Target and Achievement 63 Table 4.6: Physical and Financial Summary of Target and Achievement 64 Table 4.7: Physical and Financial Summary of Target and Achievement 64 Table 4.8: Financial Parameters for Agricultural Training and Exposure Programs 64 Table 4.9: Last 05 year physical & financial progress - (0869-002) 65 Table 4.10: Physical and financial progress of last 05 years:- (0655-35-000) 65 Table 4.11: Market Distribution by Division and Category 68 Table 4.12: Madhya Pradesh State Export Data (1st April 2022 to 31st March 2023) 70 Table 4.13: Comparison of Agricultural Produce Export Data 71 Table 4.14: Milk Cooperative Societies in the State 76 Table 4.15: The information of the beneficiaries under the beneficiary-oriented scheme 77 for the past 2 years (receipt and Expenditure) (in lakh) Table 4.16: The information of the beneficiaries under the beneficiary-oriented scheme 78 for the past 2 years (Target and achievements). Table 4.17: Information on cattle caretaker training 79 Table 4.18: Treatment and vaccination 79 Table 4.19: Wheat Procurement 81 Table 4.20: Paddy Procurement 81 Table 4.21: Annual Capacity and Utilization Data:(Capacity in Lakh MT) 82 Table 4.22: Annual Financial Performance (In Lakh Rupees) 82 Table 4.23: Quantity Procured and Quantity Stored by Corporation (Quantity in Lakh MT) 82 Table 4.24: Status of Approved and Completed Houses under PMAY-G Compared to 90 Targets Table 4.25: Individual household toilets 93 Table 4.26: Solid Waste Management (SWM) 93 Table 4.27: Liquid Waste Management (LWM) 93 Table 4.28: Financial progress against targets and achievements 93 Table 4.29: Pradhan Mantri Krishi Sinchai Yojana 2.0 - Financial Progress 96 Table 4.30: Pradhan Mantri Krishi Sinchai Yojana 2.0 - Physical Progress 96 Table 5.1: Gross State Value Added by economic activity of Secondary and Tertiary Sectors 103 at current prices of 2011-12 Table 5.2: Firms registered under Indian Partnership Act 1932 in Madhya Pradesh 106 Table 5.3: Details of amount spent on major Schemes of MSME Department 111 Table 5.4: Details of MSME registration in Udyam Portal 111 Table 5.5: Details of Handloom Clusters under National Handloom Development Program 113 Table 5.6: Details of Scheme and fund allocation of Sant Ravidas Handloom and 114 Handicraft Corporation Table 5.7: Year wise budget allocation from Tourism Department 118 Table 5.8: New approved projects in Madhya Pradesh under Prasad Scheme 118 Table 5.9: Source-wise ranking of estimated potential of renewable power 122 Table 5.10: Year-wise details of power supply in Madhya Pradesh 124 Table 5.11: Category-wise power consumers count in Madhya Pradesh 125 Table 5. 12: Year wise basin-wise developed Rabi irrigation requirements 127 Table 5.13: Year Wise Developed Irrigation Potential 128 Table 5.14: Summary of revenue generated from water supply 129 Table 6.1: Major Activities for Export Promotion in FY 2023-24 134 Table 6.2: Top 10 Exports of Madhya Pradesh for FY 2023-24 136 Table 6.3: Top 10 District-wise Exports of Madhya Pradesh for FY 2023-24 138 Table 6.4: Exports of Operational SEZs from FY 2019-20 to 2023-24 138 Table 6.5: Customized Investment Packages in Madhya Pradesh 141 Table 6.6: Potential Investment and Employment Activity (FY 2019-20 to 2023-24) 142 Table 6.7: Road Development Progress from FY 2016-17 to 2023-24 143 Table 6.8: National & State Level Highways Development Completed as of (March 2024) 144 Table 6.9: Indian Railway Network from 2016 to 2022 145 Table: 7.1: Eligibility of Bodies in the Scheme 153 Table: 7.2: Financial income/expenditure in the year 2023-24 155 Table: 7.3: Details for Reference of State 158 Table: 7.4: Approval for the mission implementation (AMRUT 2.0) 160 Table: 7.5: Budget outlay for AMRUT (2.0) in the last 3 years 160 Table 7.6: Progress of National Urban Livelihood Mission (NULM) 162 Table 7.7: Budget provision of Kayakalp Scheme 164 Table 7.8: Progress of Kayakalp Scheme First Phase 164 Table 8.1: Budget Allocation for Social Sector 170 Table 8.2: Budgetary provision for women and children (in Rs. Crores) 171 Table 8.3: Proportion of Gender Budget to Total Budget of the State 172 Table 8.4: NRLM budget provision and expenditure (in Rs. Crore) 175 Table 8.5: Year-wise status of formation of Community Institutions in MP 175 Table 8.6: Year-wise Revolving Funds (RF) and Community Investment Funds (CIF) 176 distribution Table 8.7: Year-wise status of Bank Linkage 176 Table 8.8: Details of schemes, beneficiaries and amount transferred under CM Udyam 178 Shakti Yojna Table 8.9: Number of beneficiaries under ICDS 181 Table 8.10: Details of Take-Home Ration 181 Table 8.11: Multidimensional Poverty profile of Madhya Pradesh 190 Table 8.12: Sub-indicator wise change in censored Headcount Ratio 190 Table 9.1: Department Budget for Three Financial Years 197 Table 9.2: AYUSH Public Healthcare Facilities in Madhya Pradesh 199 Table 9.3: Status of Active Facilities 200 Table 9.4: Types of Services at Urban HWC 209 Table 9.5: Cancer Screening (in Lakh) 211 Table 9.6: NBCP Budget Details 218 Table 10.1: Budget allocation for education sector 227 Table 10.2: Samagra Shiksha Financial Progress 2023-24 227 Table 10.3: Enrolment in primary and upper primary level schools 228 Table 10.4: Enrolment in secondary and higher secondary level schools 228 Table 10.5: Drop-out rate 228 Table 10.6: Details of Colleges (Government & Private) under Higher Education Depart- 232 ment for the last five years Table 10.7: Number of technical institutes and number of students 234 Table 11.1: Activities under the working plan of Madhya Pradesh 244 Table 11.2: Bamboo Growing Stock in Madhya Pradesh 246 Table 11.3: Wood, Bamboo Production (Sale and Revenue Received) 248 Table 11.4: Madhya Pradesh State Forest Development Corporation Wood & Bamboo 249 Production (Sale and Revenue Received) Table 11.5: Tendupatta Collection and Sale 250 Table 11.6: Summary of Groundwater Resources in Madhya Pradesh 254 Table 11.7: Summary of Monsoon Rainfall in Madhya Pradesh 257 Table 11.8: Summary of Major Reservoirs of Madhya Pradesh 258 Table 11.9: Mineral reserves of the state 263 Table 11.10: Newly surveyed mineral deposits in MT 264 Table 11.11: Production of important minerals in the state 264 Table 11.12: Value of major minerals produced in the state 265 Table 11.13: Scheme-wise (sub-scheme) details of provisions 266 Table 12.1: Budget allocation for weaker sections 273 Table 12.2: Description of Assistance 282 Table 12.3: Description of Incentive 285 Table 14.1: Trend of Start-ups (last 5 years) in Madhya Pradesh 324 Table 14.2: Number of IPRs filed in Madhya Pradesh 325 Table 14.3: Number of PhD and Post Graduate students enrolled in Madhya Pradesh 328 Table 14.4: Annual Consolidated Result Summary of CPCT 330 Table 14.5: Status of MP Code portal 331 Table 16.1: Other Achievements Earned at International Level 365 Table 16.2: Training Program Details 368 Table 16.3: National Service Scheme - Details 373 Table 16.4: Achievements and Budget Eligibility 375  List of Figure Figure 1.1: Gross State Domestic Product at current and constant (2011-12) prices. 4 Figure 1.2: Per capita income at current prices and constant (2011-12) prices 4 Figure 1.3: Sectoral Contribution( percent) to GSVA of Madhya Pradesh at Current Prices 5 for F.Y. 2023-24 (Advanced estimate) Figure 1.4: Sectoral Contribution (percent) to GSVA of Madhya Pradesh at Constant Prices 5 for F.Y. 2023-24 (Advanced estimate) Figure 2.1: Debt-GSDP ratio 27 Figure 4.1: Rainfall pattern(mm) 45 Figure 4.2: Area cover of major cereal crops (thousand hectare) 46 Figure 4.3: Production of Major cereal crops (thousand tonnes) 47 Figure 4.4: Area under pulse crop (thousand Ha) 48 Figure 4.5: Production of major pulse (thousand tonn) 48 Figure 4.6: Area under Major Oilseed Crops (Unit - Thousand Ha) 49 Figure 4.7: Production of Major Oilseeds crops (thousand tonnes) 50 Figure 4.8: Area under Major commercial Crops (Unit – Thousand Ha) 51 Figure 4.9: Production of Major commercial Crops (Unit - Thousand Metric Tons) 52 Figure 4.10: Production of Major Spices (Lakh Metric Tons) 59 Figure 4.11: Production of Major Vegetables (Lakh Metric Tons) 59 Figure 4.12: Production of Major Fruits (Lakh Metric Tons) 60 Figure 4.13: Budget allocated Cr. 73 Figure 4.14: Production of Milk, Meat and Egg in MP 74 Figure 4.15: Area of milk unions in MP 75 Figure 4.16: Categorywise Percentage 94 Figure 4.17: Percentage of man days created by women 95 Figure 5.1: Number of factories and Fixed Capital 105 Figure 5.2: Gross Output and Net Value Added in Factories 105 Figure 5.3: Status of Companies registered in Madhya Pradesh 106 Figure 5.4: Financial Assistance provided to MSME and number of claims disposed off 108 under Financial Assistance Scheme Figure 5.5: Year wise number of Madhya Pradesh based Startups recognized by DPIIT 109 Figure 5.6: Year-wise startups recognized in the Central Region (Madhya Pradesh & 110 Chhattisgarh) Figure 5.7: Sector-wise distribution of Startups of Central Region 110 Figure 5.8: Number of Foreign Tourist Arrivals in Madhya Pradesh 119 Figure 5.9: Revenue generated by Department of Tourism from operations of tourist activities Figure 5.10: Hotel Occupancy Rate and Revenue per Available Room for Madhya Pradesh 120 Tourism properties Figure 5.11: Installed power generation capacity in Madhya Pradesh (in MW) 124 Figure 5.12: Per capita availability and per capita consumption trend of power in Madhya 124 Pradesh (in kilowatt hours) Figure 5.13: Category-wise power consumption in Madhya Pradesh (Year 2023-24) 126 Figure 6.1: Merchandise Exports of Madhya Pradesh 136 Figure 6.2: Export Preparedness Index - Landlocked Category 140 Figure 6.3: FDI inflow in Madhya Pradesh 141 Figure 6.4: Percentage-wise road distribution 143 Figure 6.5: Snapshot of ambitious projects of Madhya Pradesh 145 Figure 6.6: LEADS 2022 Landlocked Cluster Performance 148 Figure 7.1: ALPASS - Number of Approved Certificates 156 Figure 7.2: Revenue generated from ALPASS from 2019 to 2023 156 Figures 7.3: AMRUT (1.0): Physical progress in the number of projects 159 Figures 7.4: Expenditure for AMRUT (1.0) for the past 6 years 159 Figure 8.1: Trend in Child Budget allocation in MP 180 Figure 8.2: Labor Force Participation Rate (LFPR) 15-59 Yrs. 186 Figure 8.3: Formal Employment Statistics for Madhya Pradesh 188 Figure 8.4: State/ UT wise percentage point change in the headcount ratio between 2015- 189 16 and 2019-21 Figure 9.1: Laboratory Test and Essential Medicines at HWC/Arogyam 200 Figure 9.2: PM JAY beneficiaries - Ayushman Bharat 201 Figure 9.3: Last two years comparative payment 202 Figure 9.4: Trend of MMR in Madhya Pradesh, 203 Figure 9.5: NBCP Physical achievements a comparative analysis 218 Figure 10.1: Grading score of ITIs 238 Figure 11.1: Budget allocation to the Forest Department for FY 2005-06 to 2023-24 247 Figure 11.2: Comparison of Stage of Ground Water Development in Madhya Pradesh and 255 India Figure 11.3: On the basis of ground water development, MP Classification of Blocks 256 Figure 11.4: Depth of groundwater level in the month of May (mbgl) 256 Figure 11.5: Depth of groundwater level in the month of November (mbgl) 257 Figure 11.6: Rainfall Comparisons in districts of Madhya Pradesh 257 Figure 11.7: Monsoon rainfall compared to normal rainfall, 2022 258 Figure 11.8: Storage as % of Live Capacity at FRL 259 Figure 14.1: Budgetary allocation of Department of Science & Technology, GoMP 321 Figure 14.2: Distribution of Incubators across Madhya Pradesh 323 Figure 14.3: Trend of Startups (year-wise) in Madhya Pradesh 324 Figure 14.4: Trend comparison of Patent filing in India and Madhya Pradesh 326 Figure 14.5: Trend comparison of Design filing in India and Madhya Pradesh 326 Figure 14.6: Fiber connectivity plan of SWAN 329 Figure 14.7: Applicationof Drone Technology 333 Figure 16.1: Budget Details 363 Figure 16.2: Experience for Travelling International Borders 370  Abbreviations 3D - 3 Dimensional ABP - Aspirational Block Programme ACP - Annual Credit Scheme AB- DM - Ayushman Bharat- Digital Mission ABPAS - Automated Building Plan Approval System AB- PMJAY - Ayushman Bharat Prime Minister's Jan Arogya Yojna Agri-tech - Agricultural Technology AI - Artificial Intelligence AIC - Atal Incubation Center AICTE - All India Council for Technical Education AIGGPA - Atal Bihari Vajpayee Institute of Good Governance and Policy Analysis AIM - Atal Innovation Mission AISHE / A.I.S.H.E. - All India Higher Education Survey ALPASS - Automated Layout Process Approval and Checking System AMRUT/ AMRUT - Atal Mission for Rejuvenation and Urban Transformation (AMRUT) ANC - Antenatal Care Check-up ANM / ANM - Auxiliary Nurse Midwifery ASHA - Accredited Social Health Activist ASI - Annual Survey of Industries ATL - Atal Tinkering Labs AYUSH - Ayurveda , Yoga and Naturopathy , Unani , Siddha and Homeopathy BBMSY / B.B.M.S.Y. - Bhagwan Birsa Mudra Self Employment Scheme BC/ BC - Business Correspondent BCM - Billion Cubic Meters BE/ BA - Budget Estimates BEE - Block Extension Educator BHIM - Bharat Interface for Money Biotech - Biotechnology BMC / BMC - Biodiversity Management Committee BPL - Below Poverty Line BSNL / BSNL - Bharat Sanchar Nigam Limited CAGR - Compound Annual Growth Rate CB / C.B. / S.C.B. - Commercial Bank / Schedule Commercial Bank CCIP / CCIP - Cabinet Committee on Investment Promotion CD / CD Ratio/CDR - Credit Deposit Ratio CDF - Cooperative Development Fund CDP - Cluster Development Programme CGWB - Central Ground Water Board CHO - Community Health Officer CII - Critical Information Infrastructure CLP - Compensatory Land Parcel CMYPDP - Chief Minister Young Professional Development Programme CoE - Centre of Excellence CPCT - Computer Proficiency Certification Test CRSIL - Credit Rating Information Services of India Limited CSC / CSC - Common Service Center CSO / CSO - Civil Society Organization CWC - Central Water Commission CWSN - Children with Special Needs DAY-NULM /- - Deendayal Antyodaya Yojana-National Urban Livelihood Mission DAYNULM DBAAKY / D.B.A. - Dr. Bhimrao Ambedkar Economic Welfare Scheme AKY DBT / DBT - Direct Benefit Transfer DCCB - District Central Cooperative Bank DCCC - District Command and Control Center DeGS - District e-Governance Society DIET - District Institutes of Education and Training DIPIP - Department of Industrial Policy and Investment Promotion DMIC - Delhi Mumbai Industrial Corridor DPIIT - Department for Promotion of Industry and Internal Trade DRTB - Drug Resistant Tuberculosis DSM - Digital Surface Model DST - Department of Science and Technology DTM - Digital Terrain Model DWRS - Disaster Warning Response System EC - Environmental Clearance EDC / E.D.C. - Entrepreneurship Development Cell EDUSAT / EDUST - Educational Satellite EGOS - Empowered Group of Secretaries EHM - Electronics Hardware Manufacturing EMC - Electronics Manufacturing Cluster EO - Earth Observation ( Earth Organization) EPC - Export Promotion Council EPCO - Environmental Planning and Coordination Organization EPI - Export Preparedness Index ERP - Enterprise Resource Planning ESDM - Electronics System Design and Manufacturing FCM / F.C.M. - Ferric carboxy maltose FDI - Foreign Direct Investment FRL - Full Reservoir Level FRU - First Referral Unit G2C - Government to Consumer GEPNIC - Government e-Procurement System of National Informatics Centre GER - Gross Enrolment Rate GGI - Good Governance Index GIS - Geographic Information System GNM - General Nursing and Midwifery GoI - Government of India GoMP - Government of Madhya Pradesh GPS - Global Positioning System GSDP - Gross State Domestic Product GSS - Government Sponsored Scheme GST - Goods and Services Tax GVA - Gross Value Added HBIG - Hepatitis B Immune Globulin HMIS - Health Management Information System HRMS - Human Resource Management System HT - High Tension HUDCO - Housing and Urban Development Corporation Limited HWC - Health and Wellness Center ICCC - Integrated Command and Control Center ICD - Inland Container Depot ICRT - National Centre for Responsible Tourism ICU - Intensive Care Unit IFA - Iron Folic Acid IGRS - Inspector General of Registration and Stamps IIRS - Indian Institute of Remote Sensing IISER - Indian Institute of Science Education and Research IISF - India International Science Festival IIT - Indian Institute of Technology IMC - Indore Municipal Corporation IMR - Infant mortality rate INSAT - Indian National Satellite IoT - Internet of Things IPDS - Integrated Power Development Scheme IPPB - India Post Payment Bank IPR - Intellectual Property Rights ISRO - Indian Space Research Organization IT - Information Technology ITI / I.T.I. - Industrial Training Institute ITCTA - International Tourism Conference and Travel Awards ITeS - Information Technology Enabled Services IWMP - Integrated Watershed Programme IYCF - Infant and Young Child Feeding JSK / JSK - Janani Suraksha Yojana JSSK - Mother and Child Protection Program KW - Kilo Watt LaQshya/ Lakshya - Labour Room Quality Improvement Initiative LMS - Learning Management System LSK - Public Service Center LT - Low Tension LUN - Small Industries Corporation LWM - Liquid Waste Management MBGL – Meters below ground water level MGNREGA - Mahatma Gandhi National Rural Employment Guarantee Scheme ML - Machine Learning MMGVY - Chief Minister Rural Path Development Scheme MMR - Maternal Mortality Ratio MMSY / SRSY - Sant Ravidas Self Employment Scheme MMUKY - Mukhyamantri Udyam Kranti Yojana MNCFC - Mahalanobis National Crop Forecast Centre MoHUA - Ministry of Urban Housing and Affairs MP SWAN - Madhya Pradesh State Wide Area Network MPCST - Madhya Pradesh Council of Science & Technology MPIDC - Madhya Pradesh Industrial Development Corporation MPMRCL - Madhya Pradesh Metro Rail Corporation Limited MPRCP - Madhya Pradesh Rural Connectivity Project MPSDR - Madhya Pradesh Sushasan Development Report MPSEDC - Madhya Pradesh State Electronics Development Corporation Limited MP-SEIAA - Madhya Pradesh State Level Environment Impact Assessment Authority MPRNA - Madhya Pradesh Rajya NITI Aayog MPSRTC - State Road Transport Corporation MPSSDI - Madhya Pradesh State Spatial Data Infrastructure MPSTCB - Madhya Pradesh State Cooperative Bank MPUDC - Madhya Pradesh Urban Development Company MRF - Material Recovery Facility MSME - Micro, Small and Medium Enterprises MW – Mega watt NABARD - National Bank for Agriculture and Rural Development NAS - National Achievement Survey NeGP - National e-Governance Plan NEP - National Education Policy NFSCOB – National Federation of State Cooperative Banks NIC - National Informatics Centre NMDC - National Mineral Development Corporation NMSH - National Mission for Sustainable Housing NPA - Non-Performing Asset NPG - Network Planning Group NVA - Net Value Added NVDA - Narmada Valley Development Authority ODF - Open Defecation Free ODOP - One District One Product PACS - Primary Agricultural Credit Society PCI - Pavement Condition Index PEMT - Project e-Mission Team PESA - Panchayat Extension in Scheduled Areas PhD - Doctor of Philosophy PIB - Press Information Bureau PMAY-U - Pradhan Mantri Awas Yojana – Urban PMEGP - Prime Minister Employment Generation Programme PMJDY - Pradhan Mantri Jan Dhan Yojana PMJJBY - Pradhan Mantri Jeevan Jyoti Bima Yojana PMSBY - Pradhan Mantri Suraksha Bima Yojana PMU - Project Monitoring Unit PoS - Point of Sale PSB - Public Sector Bank PSL - Priority Sector Lending PSU - Public Sector Undertaking PWD - Public Works Department RBI - Reserve Bank of India RDC - Road Development Corporation RE - Revised Estimate RERA - Real Estate Regulation Authority RIDF - Rural Infrastructure Development Fund RIOP - Radio Over Internet Protocol RMSA - Rashtriya Madhyamik Shiksha Abhiyan RNTU - Rabindranath Tagore University ROW - Right of Way RRB - Regional Rural Bank RRDA - Rural Road Development Authority RS - Remote Sensing RUSA - Rashtriya Uchchatar Shiksha Abhiyan S&T - Science and Technology S.W.A.N - State Wide Area Network SAR - Synthetic Aperture Radar SBM - Swachh Bharat Mission SC - Scheduled Caste SCCC - State Command and Control Center SCD - Single Citizen Database SDC - State Data Center SDERF - State Disaster Emergency Response Force SDSWAN - Software Defined State Wide Area Network SDWAN - Software Defined Wide Area Network SEAC - State Expert Appraisal Committee SEMT - State e-Mission Team SEZ - Special Economic Zone SFB - Small Finance Bank SHG - Self Help Group SIRD - State Institute of Rural Development SISDP - Space-based Information Support for Decentralized Planning SLA - State Level Agency SLBC - State Level Bankers Committee SPD - State Project Department SPV - Special Purpose Vehicle SRDH - State Resident Data Hub SSA - Sub Service Area SSA - Sarva Shiksha Abhiyan ST - Scheduled Tribe STCCS - Short Term Cooperative Credit Structure STI - Science, Technology, and Innovation SWM - Solid Waste Management T&CP - Town and Country Planning TCU - Training Coordination Unit Tech - Technology TMAKY - Tantya Mama Arthik Kalyan Yojana TPS - Trade Promotion Council TULIP - The Urban Learning Internship Program UADD - Urban Administration and Development Directorate UAV - Unmanned Aerial Vehicle UDHD - Urban Development and Housing Department UDISE - Unified District Information System for Education UIDAI - Unique Identification Authority of India ULB - Urban Local Body UNESCAP - United Nations Economic and Social Commission for Asia and the Pacific VBSR - Vallabh Bhawan Situation Room VLE - Virtual Learning-based E-learning WCR - West Central Railway WDF - Watershed Development Fund WRD - Water Resources Department  Chapter - 1 State Of Economy: An Overview Economic Survey of Madhya Pradesh 2023-24 1 2 Economic Survey of Madhya Pradesh 2023-24  Chapter - 1 STATE OF ECONOMY: AN OVERVIEW 1.1 Economic Output Madhya Pradesh, a central Indian state known for its rich cultural heritage and natural resources, has demonstrated a robust economic performance in the financial year 2023-24. This is evident from the Gross State Domestic Product (GSDP) metrics, which serve as a vital indicator of the state’s overall economic health and growth trajectory. 1.1.1 GSDP at current prices and constant (2011-12) prices The GSDP at current prices reflects the total monetary value of all goods and services produced within the state without adjusting for inflation. For the FY 2023-24, Madhya Pradesh’s GSDP at current prices reached an impressive Rs. 13,63,327 crores. This substantial figure indicates the nominal expansion of the state’s economy, taking into account both the increase in production and the price levels of goods and services. The growth rate of approximately 9.37 percent from the previous financial year’s GSDP of Rs.12,46,471 crores highlights the state’s strong economic performance, driven by various sectors including agriculture, industry, and services. This nominal growth also encapsulates the effects of inflation, suggesting that the economy is not just growing in terms of quantity but also in value. In contrast, the Gross State Domestic Product (GSDP) at constant (2011-12) prices accurately measures real economic growth by adjusting for inflation. This adjustment allows clear comparisons over time reflecting actual growth in economic output without the effects of changing price levels. For the FY 2023-24, the GSDP at constant prices was Rs 6,60,363 crore, up from Rs 6,22,908 crore in the previous year. This represents a real growth rate of around 6.01 percent, indicating steady and sustained economic progress. The use of constant prices shows that Madhya Pradesh’s economy is not only growing in nominal terms but also making genuine gains in production and services, indicating an underlying strength in economic fundamentals. Several factors contribute to this economic performance. The diverse economic base of the state plays a significant role with significant contributions from agriculture, industry and services. Advances in agriculture, industrial development, and the growing service sector especially in IT and tourism, are collectively driving the state’s economic expansion. Economic Survey of Madhya Pradesh 2023-24 3 The GSDP at current and constant prices over the years is depicted in Figure 1.1 below: ϭϲϬϬϬϬϬ ϭϯϲϯϯϮϳ ϭϰϬϬϬϬϬ ϭϮϰϲϰϳϭ ϭϮϬϬϬϬϬ ϭϬϵϮϵϲϰ ϵϮϳϴϱϱ ϵϰϲϲϮϴ ϭϬϬϬϬϬϬ ϴϮϵϴϬϱ ZƐŝŶĐƌŽƌĞ ϳϮϲϮϴϰ ϴϬϬϬϬϬ ϲϰϵϴϮϯ ϱϰϭϬϲϴ ϲϬϬϬϬϬ ϰϯϵϰϴϯ ϰϳϵϵϯϵ ϯϴϬϵϮϱ ϯϭϱϱϲϮ ϲϮϮϵϬϴ ϲϲϬϯϲϯ ϰϬϬϬϬϬ ϱϰϯϮϳϮ ϱϲϳϱϮϱ ϱϰϭϬϭϲ ϱϴϰϰϳϬ ϰϳϬϲϲϵ ϰϵϳϭϬϮ ϮϬϬϬϬϬ ϯϭϱϱϲϮ ϯϱϭϲϴϯ ϯϲϱϭϯϰ ϯϴϯϵϰϰ ϰϭϴϳϯϲ Ϭ &ŝŶĂŶĐŝĂůzĞĂƌƐ ƚƵƌƌĞŶƚWƌŝĐĞƐ ƚŽŶƐƚĂŶƚ;ϮϬϭϭͲϭϮͿWƌŝĐĞƐ Figure 1.1: Gross State Domestic Product at current and constant (2011-12) prices. (P): Provisional Estimates(Q): Quick Estimates (A): Advanced Estimates 1.1.2 Per capita income at current prices and constant (2011-12) prices Per Capita Income of Madhya Pradesh from FY 2011-12 to FY 2023-24 reveals a persuasive narrative of economic development and prosperity. Over this period, there has been a substantial increase in Per Capita income, reflecting significant growth in the state’s economy. At current prices, the Per Capita income surged from Rs. 38,497 crore in FY 2011-12 to Rs. 1,42,565 crore in FY 2023-24, showcasing nearly a four-fold increase. When adjusted for inflation at constant (2011-12) prices, the Per Capita income also displayed notable growth, rising from Rs. 38,497 crore in FY 2011-12 to Rs. 66,441 crore in FY 2023-24. This indicates real economic progress beyond inflationary effects. Comparing FY 2011-12 to FY 2023-24, the data underscores a consistent upward trajectory in economic prosperity for Madhya Pradesh. Furthermore, between FY 2022-23 (Q) and FY 2023-24 (A), there was continued growth in Per Capita income, both at current and constant prices, signalling sustained economic momentum. This highlights the robustness of Madhya Pradesh’s economy, marked by substantial and sustained growth in income and economic output over the period. ϭϲϬϬϬϬ ϭϰϮϱϲϱ ϭϯϮϬϭϬ ϭϰϬϬϬϬ ϭϭϲϲϴϵ ϭϮϬϬϬϬ ϭϬϭϵϬϵϭϬϮϬϬϳ ŵŽƵŶƚŝŶZƵƉĞĞ ϵϮϯϯϳ ϭϬϬϬϬϬ ϴϭϵϲϲ ϳϰϯϮϰ ϴϬϬϬϬ ϲϮϬϴϬ ϱϭϴϰϵ ϱϱϲϳϴ ϲϬϬϬϬ ϰϰϳϳϯ ϯϴϰϵϳ ϲϲϰϰϭ ϱϵϬϬϱ ϲϬϰϱϮ ϱϲϬϴϲ ϲϬϭϲϲ ϲϯϯϳϵ ϰϬϬϬϬ ϱϮϳϴϮ ϱϰϴϮϰ ϰϰϬϮϳ ϰϳϯϱϭ ϮϬϬϬϬ ϯϴϰϵϳ ϰϭϭϰϮ ϰϮϱϰϴ Ϭ &ŝŶĂŶĐŝĂůzĞĂƌ ƚƵƌƌĞŶƚWƌŝĐĞƐ ƚŽŶƐƚĂŶƚ;ϮϬϭϭͲϭϮͿWƌŝĐĞƐ Figure 1.2: Per capita income at current prices and constant (2011-12) prices (P): Provisional Estimates (Q): Quick Estimates (A): Advanced Estimates 4 Economic Survey of Madhya Pradesh 2023-24 1.1.3 Sectoral Contribution to Gross State Value Added (GSVA) Madhya Pradesh’s GSVA data from FY 2011-12 to FY 2023-24 illustrates a robust and evolving economy with significant contributions from the primary, secondary, and tertiary sectors. The positive trends in agricultural productivity, industrial stability, and service sector resilience paint an optimistic picture of the state’s economic future. Continuous growth and diversification across these sectors demonstrate Madhya Pradesh’s commitment to balanced and sustainable economic development. Figure 1.3 and Figure 1.4 below depict the sectoral contribution to the Gross State Value Added for F.Y. 2023-24(A) at current and constant prices respectively. ϯϲ͘ϬϬ ƉĞƌĐĞŶƚ ϰϱ͘ϱϯ ƉĞƌĐĞŶƚ ϭϴ͘ϰϳ ƉĞƌĐĞŶƚ WƌŝŵĂƌLJ ^ĞĐŽŶĚĂƌLJ dĞƌƚŝĂƌLJ Figure 1.3: Sectoral Contribution( percent) to GSVA of Madhya Pradesh at Current Prices for F.Y. 2023-24 (Advanced estimate) ϯϱ͘ϴϮ ϯϵ͘ϲϰ Ϯϰ͘ϱϰ WƌŝŵĂƌLJ ^ĞĐŽŶĚĂƌLJ dĞƌƚŝĂƌLJ Figure 1.4: Sectoral Contribution (percent) to GSVA of Madhya Pradesh at Constant Prices for F.Y. 2023-24 (Advanced estimate) Primary Sector The primary sector has shown remarkable growth, reinforcing its position as a cornerstone of Madhya Pradesh’s economy. Its contribution increased significantly from 33.85 percent in FY 2011- 12 to 45.53 percent in FY 2023-24 at current prices and from 33.85 percent in the FY 2011-12 to 35.82 percent in 2023-24(A) at constant prices, reflecting a strong agricultural base and commitment to rural development. Economic Survey of Madhya Pradesh 2023-24 5 The primary sector’s contribution to Madhya Pradesh’s Gross State Value Added (GSVA) in both current and constant prices for the financial years 2022-23 and 2023-24 showcases its vital role in the state’s economic framework. At current prices, the primary sector’s share increased from 45.17 percent in FY 2022-23 to 45.53 percent in FY 2023-24. This growth is driven by the steady contributions from crops (32.29 percent to 32.32 percent) and livestock (7.51 percent to 7.84 percent), reflecting enhanced agricultural productivity and livestock development. Fishing and aquaculture also saw an increase from 0.50 percent to 0.53 percent, indicating a positive trend in this emerging sector. Mining and quarrying improved from 2.59 percent to 2.67 percent, highlighting the sector’s growing importance. When analyzing at constant prices (2011-12 base year), the primary sector maintained a significant share, with contributions reflecting robust real growth in specific areas. Livestock’s contribution increased from 6.02 percent to 6.18 percent, and fishing and aquaculture grew from 0.50 percent to 0.54 percent, showcasing real growth and resilience in these segments. Mining and quarrying also experienced a rise from 2.18 percent to 2.27 percent, underscoring the sector’s potential for sustained development. These positive trends highlight the primary sector’s crucial role in driving Madhya Pradesh’s economic growth, ensuring stability, and providing a strong foundation for future progress. Secondary Sector The secondary sector has contributed significantly to the economy of Madhya Pradesh, though it has seen ups and downs. At current prices, it has declined from 27.09 percent in FY 2011-12 to 18.47 percent in FY 2023-24, while at constant prices, it has declined from 27.09 percent in FY 2011-12 to 24.54 percent in FY 2023-24. At current prices, the share of the secondary sector declined from 18.93 percent in FY 2022-23 to 18.47 percent in FY 2023-24. This is likely due to a decrease in manufacturing (7.55 percent to 7.19 percent), while electricity, gas, water supply and other utility services (3.30 percent to 3.26 percent) also saw a slight decrease. The contribution of the construction sector declined from 8.08 percent to 8.02 percent, reflecting some of the challenges in infrastructure development. While analysing at constant prices (base year 2011-12), a marginal increase in the contribution of secondary sector has been observed. The contribution of electricity, gas, water supply and other utility services increased from 4.34 percent to 4.38 percent, reflecting the actual growth in these sectors. The construction sector grew from 9.10 percent to 9.42 percent, highlighting the prospects in infrastructure development. These trends highlight the important role of the secondary sector in Madhya Pradesh’s economy, as well as the need for its reform and stability. Sustained efforts and investments in the development of the secondary sector are likely to contribute significantly to the economic progress of the state. 6 Economic Survey of Madhya Pradesh 2023-24 Tertiary Sector The tertiary sector has made a stable and significant contribution to the economy of Madhya Pradesh. Its contribution at current prices has decreased from 39.06 percent in FY 2011-12 to 36.00 percent in FY 2023-24, while at constant prices, it has increased from 39.06 percent in FY 2011-12 to 39.64 percent in FY 2023-24, indicating the strength of the services sector. The contribution of the tertiary sector to the Gross State Value Added (GSVA) of Madhya Pradesh in both current and constant prices for the financial years 2022-23 and 2023-24 demonstrates its important role in the economic structure of the state. At current prices, the tertiary sector’s share increased from 35.90 percent in FY 2022-23 to 36.00 percent in FY 2023-24. This growth is driven by stable contributions to trade, repair, hotels and restaurants (from 10.41 percent to 10.10 percent), transport and storage (3.19 percent from 3.23 percent), and financial services (from 3.26 percent to 3.24 percent). Other services (from 6.74 percent to 7.17 percent) also witnessed significant growth, indicating increased activity and demand in the services sector. While analysing at constant prices (base year 2011-12), a significant share was maintained by the tertiary sector, contributing to strong real growth in specific sectors. The contribution of trade, repair, hotels and restaurants increased from 10.89 percent to 10.95 percent, and other services increased from 6.87 percent to 7.13 percent, which shows the real growth and service sector demand in these sectors. Financial services also grew from 4.28 percent to 4.34 percent, underlining the sector’s potential for sustained growth. These positive trends highlight the important role of the tertiary sector in keeping Madhya Pradesh’s economic growth moving, ensuring stability and providing a strong foundation for future progress. Continued investment and reforms in the service sector are likely to contribute significantly to the state’s economic progress. 1.2 Financial foundations: Public finance and Banking sector The fiscal deficit for the year 2023-24 is estimated at Rs 55,709 crore, which is 4.02 percent of GSDP. In the FY 2023-24, the revenue surplus is estimated to be Rs 413 crore, this can be considered as a sign of recovering from the revenue deficit situation of the Covid-19 period and a stable and strong financial position. The amount of external assistance in the FY 2023-24 is estimated to be Rs 6,500 crore, which is expected to promotes investment in infrastructure projects. The estimates for the FY 2023-24 has seen a significant increase in tax revenue, with land revenue estimated at Rs 1,200 crore, stamp and registration charges at Rs 10,400 crore, and SGST at Rs 32,000 crore. Total Revenue Receipts are likely to be Rs. 2,25,710 crore, which is 80.14 percent of the total receipts. Capital expenditure as a percentage of GSDP is projected to increase from 3.23 percent in FY 2019-2020 to 3.48 percent in FY 2022-2023 and further to 3.90 percent in FY 2023-2024. Loans and advances are also estimated to increase from 0.11 percent to 0.16 percent during this period. These figures reflect the economic stability of Madhya Pradesh, investment trends and success of financial policies, which point towards a bright economic future of the state. Economic Survey of Madhya Pradesh 2023-24 7 Through the Pradhan Mantri Jan Dhan Yojana, more than 4.29 crore beneficiaries have benefited from banking facilities in the state so far. Efforts are being made by the government to make banking services accessible and expand credit to agriculture, industry and other sectors, as a result of which agricultural credit has increased by 16.4 percent CAGR from FY 2005-06 to FY 2023-24 and the MSME sector credit has seen a growth of 33.85 percent CAGR. Non-performing assets (NPAs) of private banks, small finance banks and regional rural banks have decreased by more than 47 percent, 19 percent and 6 percent respectively. 1.3 Agriculture and Rural Development In the financial year 2023-24, Madhya Pradesh has registered an increase of 0.20 percent in the production of major crops. The production of cereals registered a marginal decrease of 1.91 percent, while pulses increased by 42.62 percent, and oilseeds recorded a growth of 7.32 percent. Horticultural crops also flourished, with spice production rising from 52.62 lakh metric tons in 2022- 23 to 53.59 lakh metric tons in 2023-24. Vegetable production increased from 236.41 lakh metric tons to 242.62 lakh metric tons, and fruit production grew from 95.10 lakh metric tons to 95.54 lakh metric tons during the same period. Milk production in the state increased by 5.88% to 201.22 lakh tons in 2022-23, while egg production rose by 9.48% to approximately 31,850.38 lakh eggs, and meat production increased by 9.37% to about 138.95 thousand tons. The contribution of crop sector GSVA to crop area GSVA in 2023-24 increased by 9.10 percent at current prices and 1.84 percent at constant prices (2011-12). While the contribution to GSVA of livestock sector increased by 13.86 percent at current prices and 8.60 percent at constant prices. The area under major crops expanded from 30,048 thousand hectares in FY 2022-23 to 30,246 thousand hectares in FY 2023-24, with total production rising from 72,228 thousand tons to 72,371 thousand tons. Paddy cultivation area increased by 4.44%, maize by 6.08%, and chickpea by 11.29%, while wheat cultivation declined by 5.84%. Significant growth has been observed in pulse crops, particularly with a 31.35% increase in the area under cultivation. The area under oilseed crops such as soybean and mustard increased significantly. Area under oilseeds increased by 4.01 percent and mustard by 10.21 percent and soybean cultivation also increased by 1.76 percent. On the other hand, area under sugarcane decreased by 8.93 percent, while area under cotton increased by 5.88 percent. Crop diversification incentive scheme and ‘One District One Product’ initiative have played an important role in promoting crop diversification. Major agricultural products like bajra, arhar, gram, and various types of rice have been included in the ten districts. In the horticulture sector, the area and production of spices increased slightly, with the major spices including red chillies, garlic, coriander, and ginger. The production of vegetables, especially potatoes, onions, and tomatoes, has also increased. The area under fruit cultivation remained stable, while production increased. 8 Economic Survey of Madhya Pradesh 2023-24 Madhya Pradesh continues to be a major player in dairy production, being the third-largest producer in India. Efforts to enhance dairy production have resulted in steady growth. Egg and meat production have also seen significant increases, with poultry farming being a major contributor to meat production. The state has implemented various livestock and poultry development schemes, such as Rashtriya Gokul Mission, to improve breed quality and livestock productivity. Liquid nitrogen plants installed under Rashtriya Krishi Vikas Yojana have augmented artificial insemination efforts. The Public Distribution System has played an effective role in distribution of food grains to more than 5 crore beneficiaries. Procurement of major food grains such as rice, wheat, jowar, and bajra ensures food security and supports farmers. Fish production has also been robust, with significant contributions from major water bodies. The state has exceeded targets for fish seed production and overall fish production. Cooperative societies and training programs for fishermen are integral to this success. The Kisan Credit Card scheme supports fishermen with zero-interest loans. Employment generation efforts have resulted in substantial job creation, particularly through man- day employment in the fisheries sector. The Savings-cum-Relief Scheme and the Prime Minister Matsya Sampada Yojana provide financial assistance to fishermen during the off-season, ensuring economic stability. 1.4 Catalysts of growth: Industry, trade and investment, MSMEs, startups, infrastructure, tourism and urban development Productivity of the industries of the State is increasing with large investments made in the last fifteen years. In period between FY 2007-08 to FY 2021-22, fixed capital investment grew with annual average growth rate of 21.6 percent and Net Value Added grew at annual average growth rate of 12.2 percent. The result of the increased capabilities of the industries led to higher returns in the subsequent years, Net Value Added grew at its highest average annual growth rate of 27.3 percent in the period of FY 2020-21 and FY 2021-22. The rapid increase of Net Value Added positively indicates faster industrialization of the economy. The State has 4.57 lakh registered MSME units, constituted of 97.7% micro, 2.12% small and 0.15% medium units. In the period between year 2018 to year 2023, registration of companies in the State under the Companies Act 2013 increased with annual average growth rate of 11.1 percent against national annual average growth rate of 8.8 percent in this period. Startups in the state have grown at 126 percent in the period starting from implementation of Madhya Pradesh Startup Policy 2022 upto year 2023. Women led Startups of the State grew at 140 percent in the same period. Madhya Pradesh contributed 1.8 percent to India’s total merchandise exports during FY 2023-24. The primary export commodity from the State is Pharmaceutical Products, valued at Rs 13,158 crore. The Madhya Pradesh Trade Promotion Council (MPTPC) and Export Cell actively engaged in over 40 Economic Survey of Madhya Pradesh 2023-24 9 events and initiatives at district, national, and international levels. Through the Export Hubs Initiative, the goal is transition from district-centric export growth to fostering self-sufficiency and self-reliance. Indore is the highest exporting district with exports worth Rs 20,256 crore in FY 2023-24. This initiative empowers MSMEs, farmers, and small enterprises to leverage export opportunities in foreign markets. Madhya Pradesh’s Export Preparedness Index (EPI) has shown improvement over the previous year, with an overall score of 55.68. In the Export Preparedness Index (EPI) 2022, the State ranked 12th overall and 5th in the landlocked category. Furthermore, in the Logistics Ease Across Different States (LEADS) 2022 report, Madhya Pradesh has secured position on Fast Mover category within the Landlocked cluster. The state’s commitment towards renewable energy can be gauged from the fact that the installed capacity has increased from 438.01 MW in the year 2012 to 5,462.09 MW (1,147.02 percent) in December-2023. The state contributes 8.2 percent to the country’s total solar production, ranking fourth in the country. Madhya Pradesh contributes renewable energy generated from 750 MW Rewa Mega Solar Project to Delhi Metro. The state has increased the power installed capacity from 19,384 MW in year 2014-15 to 28,774 MW in year 2023-24. In the last decade, the state’s installed capacity has increased by 48.44 percent, at an annual average growth rate of 4.6 percent. The State has increased its per capita availability of power from 1728 kWh to 2267 kWh in the last decade, indicating augmentation of 31.17 percent. Per capita consumption has increased from 873 kilowatt hours to 1332 kilowatt hours over the same period, indicating increase of 52.5 percent. The number of consumers have increased from 166.66 lakh in the year 2020-21 to 174.40 lakh in March, 2024. Power consumption has increased from 62,678 million units in the year 2021-23 to 71,486 million units in the year 2023-24. This represents 14 percent increase in total power consumption. The State has developed 41.10 lakh hectare of cultivable irrigated area and has been successful in providing irrigation facilities in 37.66 lakh hectare with strategic development and implementation of various major, medium and minor irrigation projects. The state has set a target to develop 53 lakh hectares of cultivable irrigated area by the year 2027. Atal Bhujal Yojana has been implemented for water conservation and improvement of groundwater in 9 blocks of 6 districts of the Bundelkhand region of the state. Work is in progress in the ambitious Ken-Betwa Link Project, which will generate 103 MW of hydropower and provide drinking water to about 41 lakh population, besides providing irrigation facilities in Bundelkhand (4.51 lakh ha) and Betwa basin (2.06 lakh ha). Total tourist foot fall in Madhya Pradesh has grown at the rate of 89.44 percent wherein the foreign tourist footfall has increased by 193 percent in the last three years. This has been substantiated by the State’s policies which are focused towards creating convenient, comfortable and safe tourist environment. In the year 2023 (between January and December), a total of 11.21 crore tourists arrived in Madhya Pradesh. The number of tourists in the state have increased by 205.14 percent in the last one year. Revenue generated by operations of tourist activities by the government has grown at the rate of 38.8 percent and annual average occupancy rate of hotels (state government properties) has increased at 42 percent in the last three years. 10 Economic Survey of Madhya Pradesh 2023-24 Urban development plays an important role in the economic growth of the state. It strengthens infrastructure, increases employment opportunities, and attracts investment, thereby improving the overall economic condition of the state. At the same time, it also enhances the quality of life of the common man. Madhya Pradesh has been declared the second cleanest state in the category of more than 100 urban bodies in ‘Swachh Survekshan-2023’. The state received 07 National Awards, in which 07 cities got Water+ certification and 361 got ODF++ certification. Indore got 7-star certification and Bhopal got 5-star certification in the star rating of garbage-free cities. 52 urban bodies were awarded the State Level Swachhata Prerna Samman by the Hon’ble Chief Minister. Under Pradhan Mantri Awas Yojana-Urban (PMAY-U), 9.50 lakh houses have been sanctioned in Madhya Pradesh, out of which 7.50 lakh houses have been completed. Several projects and dwelling units have been sanctioned under various components of the scheme. The state has received several awards for excellent implementation of the scheme, including the second award of the best- performing state and several distinguished awards. Apart from this, the state has secured first position in the country by disbursing loans worth Rs 827.85 crore to 8.30 lakh urban street vendors in the first phase of PM SVANidhi scheme. 1.5 Building an Inclusive Future: Education, Services and the Social Sector The Madhya Pradesh Budget Estimate for the FY 2023-24 presented on March 2023 was Rs 314025 crore, in which the allocated funds for the education sector in the state was Rs 38375 crore, constituting 12.22 percent of the total budget. The Union Budget estimate for year 2023-24 amounted to Rs 4503097 crore, in which the budget amount for the education sector was 112899, constituting 2.51 percent of the total budget. In Madhya Pradesh, a large part of the budget is being spent for social development through education, indicating the government’s commitment towards social development. Majority of the amount allocated in the education sector is dedicated to improve the quality of education and educational infrastructure. The state government is constantly making efforts to positively improve the social and economic condition of women through Ladli Behna Yojana through which more than 1.29 crore women have been benefitted. Similarly, schemes like Ladli Laxmi Yojana and Pradhan Mantri Matru Vandan Yojana have empowered women at every stage of their lives. Initiatives like Shakti Sadan, Usha Kiran Yojana, and Women Helpline have helped to provide a safe and secure environment for women. Organizing women at the grassroots level through self-help groups has provided opportunities for economic development and social change. 99.78% rural families have been organised into 5.03 lakh SHGs. Similarly, for holistic development of children in the state, the state government started child budgeting in 2022-23 to prioritize investment in children and is further adopting outcome-oriented child budgeting. The nutritional level of children is taken care of through supplementary nutrition program. Under the ICDS, services to 73.97 lakhs of beneficiaries are being provided. The state government has implemented several initiatives aimed at improving labour conditions, enhancing skill development and increasing employment opportunities. The development of Labour Case Management System (LCMS) has been implemented through MP Online. The live registration Economic Survey of Madhya Pradesh 2023-24 11 of job seekers on employment exchanges registered a total of 33.13 lakh applicants in the year 2023-24. In all employment offices of the state, registration of 3.34 lakh applicants was done in the year 2023-24. The number of selected individuals in the private sector for appointment was 52,846. For ensuring that progress of the State is inclusive and environmentally sustainable, its social development efforts have been aligned with sustainable development goals (SDGs). Madhya Pradesh has developed the SDG Action Plan 2030, which is a multi-year document related to the progress of goals measured in 2020, 2024, and 2030 (indicators). The SDGs encourage policy coherence at local, national, and international levels. The Rastriya Gram Swaraj Abhiyan scheme emphasizes the localization of SDGs. The state has made commendable efforts towards poverty alleviation. According to the Multidimensional Poverty Index (MPI) 2023, around 13.6 million people in Madhya Pradesh have been lifted from multidimensional poverty between 2015-16 to 2019-21. The State has contributed by 10% in reducing the burden of poverty in the nation. The State has been pioneering in implementing poverty alleviation schemes in rural areas in the last two decades. 1.6 Health The Madhya Pradesh government is committed to providing affordable, quality health services to all citizens, ensuring universal health coverage. The neonatal mortality rate in the state has declined from 36.9 (NFHS 4, 2015-16) to 29.0 (NFHS 5, 2019-21). Madhya Pradesh launched the UWIN portal on August 1, 2023, which facilitates coverage analysis of routine immunization and includes features such as session generation, creation of beneficiary due list, upcoming due-vaccination schedule, dropout/left-out beneficiary tracking/tracing and post-vaccination certificates. Out of the targated 13,091 HWCs in the state, 11,794 Aarogam-Ayushman Arogya Mandir HWCs are functional in the State. “Manhit” is the first of its kind app (in the Hindi language) in the country to screen mental health problems by the beneficiary, which was launched in January 2024 under the innovative experiment by the mental health branch of National Health Mission Madhya Pradesh. Madhya Pradesh has been the first state in the country to issue digital Ayushman cards to 3.56 crore beneficiaries. 1.7 Natural resources Various important achievements have been mentioned under natural resource management. The supply of 983.34 tonnes of bamboo to Amlai Paper Mill, Shahdol by FPOs located at Satna and Sidhi has benefited the local farmers. The minimum price of 32 minor forest produce species has been fixed in the state and 37,800 members are registered in 126 Van Dhan Kendras under the Pradhan Mantri Vandhan Vikas Yojana. Presently, 57 PVTG Van Dhan Kendras have been sanctioned. The one-day National Mahua Conclave was organized in Bhopal and organic certificates have been received for 78,519.62 hectares of forest area in 8 district unions of 7 districts of the state. There has been a significant increase in mineral production and revenue in the financial year 2023-24. 1.8 Innovative Governance: Science, Technology & Good Governance The government is commited to fostering technological innovation and economic growth in the 12 Economic Survey of Madhya Pradesh 2023-24 state. The recent amendments in Tower Policy 2019, “Policy to facilitate the establishment of Telecom infrastructure in Madhya Pradesh 2023” facilitates the development of telecommunication infrastructure (wireline/wireless voice and data services) particularly in unserved areas. Additionally, the ITeS and ESDM Investment Promotion Policy 2023 aims to attract investments and boost the IT and electronics sectors. There has been a substantial increase in the budget for the Science & Technology department, from ₹70.97 crores in 2019-20 to ₹343.04 crores in 2023-24, marking a 383.3% growth. A new science center has been established in Bhopal in collaboration with IIT Gandhinagar and IIT Indore, while a memorandum of understanding between MPCST and the National Innovation Foundation aims to establish a State Innovation Fund to promote research, innovation, and intellectual property rights. Madhya Pradesh has made significant strides in promoting innovation among students, with 601 Atal Tinkering Labs (ATLs) established in the state, including 271 in government schools and 330 in private schools. The number of incubators in the state increased from 32 to 68 by March 2024, including four Atal Incubation Centers, providing essential support to entrepreneurs in cities across Madhya Pradesh by offering guidance, tech support, infrastructure, and networking opportunities. The state is home to 4,237 DPIIT-recognized startups, including 1,988 women-led startups, showcasing a vibrant and growing startup ecosystem. Additionally, Madhya Pradesh has shown significant improvement in patent filings, with a compounded annual growth rate of 27.2%, and design filings growing by 48.05%. The state received nine GI tags for its products in 2022-23, further highlighting its innovative progress. Madhya Pradesh hosts a robust network of scientific and technical institutions, including 29 Central Government Institutes, 8 Central Public Sector Enterprises, 64 State Government Institutes, 33 State Public Sector Enterprises, 81 universities and Institutes of National Importance (INIs), 10 Scientific and Industrial Research Organizations (SIROs), 30 DSIR Registered Private Sector R&D establishments, and 36 CMIE Database Private Sector units. There has been a remarkable increase in student enrollment in PhD and post-graduation courses, with a 97% rise in PhD enrollments and a 113.7% increase in post-graduate enrollments over the last five years, indicating a growing focus on research-oriented education. These highlights demonstrate Madhya Pradesh’s dedication to advancing science and technology as a catalyst for economic development and innovation. The following efforts were made to promote good governance in the state: Cyber Tehsil: Keeping in view the Ease of Living, this system has been implemented. In June 2022, this system was implemented in 2 districts as a pilot project. Cyber Tahsil’s innovative approach streamlines land record updates and mutation processes after land purchases, reducing the need for multiple touchpoints for applicants. By integrating various systems and online processes, it ensures efficient record updating, minimal physical interaction, and prompt delivery of mutation orders. The scheme was implemented in all the districts on 29 February 2024 under the chairmanship of the Hon’ble Prime Minister. Revenue Case Management System is a web based e-governance initiative of Government of Economic Survey of Madhya Pradesh 2023-24 13  Madhya Pradesh Through which citizens are provided information about their cases and it helps in managing the working system of various courts in a better and transparent manner. mRCMS for citizens in the state: A mobile app has also been developed,which can be downloaded from Google Play Store. Through this app, citizens can see the details of the case , the date of hearing of the case and can download a copy of the order through the portal CM Helpline 181 Call Center Madhya Pradesh government has been operating CM Helpline (181) for its citizens since 2014. Citizens contacts the call center for information about government schemes, complaints and suggestions. Under the CM Helpline services 257 crore complaints have been resolved out of 265 crore complaints. Women Helpline - To safeguard women from harassment, the Women Helpline was launched in the state on March 8, 2020 (Women’s Day). It has been linked with the CM Helpline (181). As of now, out of 65866 complaints received, 60793 complaints have been resolved. Madhya Pradesh State Electronics Development Corporation (MPSEDC) is responsible for promoting and developing industries in the state under the IT/ITeS and Electronics policy. It is also implementing various ongoing IT projects for the Government of India and Madhya Pradesh Government, such as IT Parks, EMC, SWAN, SDC, Parichay, e-Office, and Aadhar. This aims to ensure uninterrupted, maintenance-free services for all government departments and enhance e-governance. 1.9 Culture and economy For a developing country, Indian philosophy is an effective ideological tool, whether it is a question of politics or economy. The state of Madhya Pradesh is a state of multilingual and cultural plurality, earmarks its identity at the national level. The cultural heritage of Madhya Pradesh is made up of the beliefs of Shaiva, Shakta, Vaishnav, Jain, Buddhist and Islam religions, their spiritual ideologies and their holy places. The unprecedented increase in the number of pilgrims after the establishment of Shri Mahakal Lok in the state is a reflection of the fact that culture is an important component of the economy. The Culture Ministers of the G20 group of the world’s largest economies had agreed in July 2020 for the first time in history to acknowledge culture as a key instrument for sustainable socio-economic development. The state is working to target socio-economic development and increase tourism through cultural development. The cultural and creative sectors are an important source of jobs, income and buoyancy in the economy. Investment in the cultural economy result in larger socio- economic transformations. Through the State Anand Sansthan and Religious Trust and Endowments Department, cultural centres like Shri Mahakal Mahalok, Ekatma Dham have been constructed in the state. Further Shri Ram Vangaman Path, Shri Ramraja Lok, Divya Vanvasi Ram Lok, Shri Devi Mahalok, Sant Ravidas Memorial etc. are being developed as cultural centres. 1.10 Sports and Youth Welfare Sports and youth welfare play an important role in the economic growth of the state. It not only creates healthy and skilled manpower but also attracts tourism and investment, thereby generating new employment opportunities and strengthening the economic condition of the state. Madhya 14 Economic Survey of Madhya Pradesh 2023-24 Pradesh has about 2 crore population in the age group of 15-29 years, constituting one-fourth of the total population of the state. To make the state a leader in the field of sports, the Department of Sports and Youth Welfare has taken several important steps, such as establishing world-class sports academies, identifying sports talent, and providing state-of-the-art training facilities. The objective of this department is to bring maximum medals and honours to the state and the country. Apart from this, many activities are being conducted to encourage sports and sportspersons in the state, such as sports awards, sports scholarships, cash prizes, and financial assistance for organizing sports competitions. An international level sports complex is in progress with the aim of making Bhopal a sports hub. Red Ribbon Clubs are being operated to make youth aware of HIV-AIDS, and through the National Service Scheme, a sense of social responsibility and respect for labour is being developed among the students. Madhya Pradesh is one of the top states in the country in the field of sports and youth welfare. ******************** Economic Survey of Madhya Pradesh 2023-24 15 16 Economic Survey of Madhya Pradesh 2023-24  Chapter 2 Public Finance Economic Survey of Madhya Pradesh 2023-24 17 18 Economic Survey of Madhya Pradesh 2023-24  Chapter 2 Public Finance Public finance focuses on revenue, expenditure, fiscal deficit and public debt. This chapter gives an overview of public revenue, public expenditure and fiscal discipline of Madhya Pradesh. Key Fiscal Indicators are given in Table No. 2.1. After being revenue surplus for 14 consecutive years from the financial year 2004-05, due to unfavorable economic environment, the state of Madhya Pradesh had a revenue deficit in the year 2019-20. Due to COVID- 19, revenue deficit continued in the year 2020- 21 as well. But in the year 2021-22, recovering from the ill effects of COVID-19, a revenue surplus situation was again achieved. According to the revised estimates of the financial year 2022-23 and the budget estimates of the year 2023-24, the situation of revenue surplus is likely to continue. As per the revised estimates for the year 2022-23, the fiscal deficit is likely to be 3.75 percent of the Gross State Domestic Product as compared to 3.50 percent as per the recommendations of the 15th Finance Commission and Rs 7,200 crore under special Central Assistance from the Government of India. As per the budget estimates for the year 2023-24 , the Fiscal Deficit is likely to be 3 percent as per the recommendations of the 15th Finance Commission and Rs 9,500 crore under special central assistance from the Government of India, and including 0.5 percent of energy sector it is expected to be 4.02 percent of the Gross State Domestic Product. Fiscal deficit is likely to be less than estimated when the actual figures are received. In its final report submitted, the 15th Finance Commission had provided a roadmap of fiscal path for all states, including Madhya Pradesh in November 2020. The commission had recommended the normal Fiscal Deficit limit for the year 2022-23 and year 2023-24 as 3.5 percent and 3 percent respectively. The Commission has recommended a limit of 3 percent of GSDP for the year 2024-25 to the year 2025-26. In addition, conditional on reforms in the power sector, the Commission has provided an additional loan facility of 0.5 percent of GSDP from the year 2021-22 to the year 2024- 25. According to the Madhya Pradesh Fiscal Responsibility and Budget Management Report presented in March, 2023, the state government, for the year 2021-22, has succeeded in achieving revenue surplus in 2015 and will strive to maintain the surplus further, which can be used for capital expenditure. Table No. 2.1 : Key Fiscal Indicators ( Rs. in crore) Year 2019- Year 2020 Year Year 2022-23 Year 2023-24 2020 -21 2021-22 (P.A.) (B.A.) Revenue Deficit/Surplus ( -/+ ) (-)2,801 (-)18,356 +4,815 +1,499 +413 Fiscal deficit 32,970 49,870 37,987 47,339 55,709 primary deficit 18,753 33,951 19,542 26,703 33,089 As % of GSDP Economic Survey of Madhya Pradesh 2023-24 19  Year 2019- Year 2020 Year Year 2022-23 Year 2023-24 2020 -21 2021-22 (P.A.) (B.A.) Fiscal deficit 3.64 5.44 3.25 3.75 4.02 Fiscal Deficit Target **3.99 ***5.64 4.00 @ 4.07 @ 4.18 Revenue Deficit /Surplus ( -/+ ) (-)0.31 (-)2.00 0.41 0.12 0.03 Interest for revenue receipt Percentage 9.63 10.87 9.92 10.12 10.02 of payout Source: Finance Department , Madhya Pradesh Government * State GDP figures for the year 2022-23 and year 2023-24 as per MP FRBM 2023-2024 report Note :-- ( + ) Surplus , ( - ) Deficit , (R A) Revised Estimates, (B A) Budget Estimates ** Government of India approved additional loan of Rs. 4443 crore *** Government of India provided Rs. 4542 crore as additional loan under GST Option-1 and Rs. 1320 crore under Special Central Assistance @ Estimated loan received under Special Central Assistance is `. 7200 crore in the year 2022-23 and `. 9500 crore in the year 2023-24 2.1 Receipts The details of the receipts of the state government are given in Table No. 2.2. The ratio of revenue receipts to total receipts between the year 2019-20 and the year 2023-24 has been more than 74.19 percent of total receipts. From year 2019-20 to 2023-24, total receipts as a percentage of GSDP have been 20 percent in Madhya Pradesh, while the revenue receipts as percentage of GSDP has been around 16 percent. Revenue receipts as a percentage of GSDP declined in year 2020-21 and year 2021-22, partly due to COVID- 19 , which impacted both the State's own tax collection and its share in central taxes. The improvement is reflected in the Revised Estimates for year 2022-23 and Budget Estimates for year 2023-24. The change in fiscal deficit as a percentage of GSDP increased from 3.64% to 4.02% from year 2019-2020 to year 2023-2024, highlighting the Government's increased borrowing requirements to meet post-COVID challenges and to finance the ambitious capital expenditure plan. The 15th Finance Commission has prepared indicative borrowing paths for State Governments. According to it, the total liabilities of the state of Madhya Pradesh in the years 2022-23 and year 2023-24 are within the limit of the set target. Table No. 2.2 : Total receipts of the State Government ( Rs. in crore) Year Year Year Year 2022-23 Year 2023-24 2019-2020 2020 -21 2021-22 ( P.A. ) ( B.A. ) Revenue Receipts 1,47,643 1,46,376 1,85,876 2,03,967 2,25,710 Change in net public debt 23,431 52,413 31,123 48,814 55,549 20 Economic Survey of Madhya Pradesh 2023-24  Year Year Year Year 2022-23 Year 2023-24 2019-2020 2020 -21 2021-22 ( P.A. ) ( B.A. ) Recovery of Advances 59 73 1661 42 135 Net Public Account 8,579 (-)1,563 8,889 358 266 Net receipts from Contingency Fund 0.00 0.00 500.00 0.00 0.00 (unadjusted amount) Total Receipts 1,79,712 1,97,299 2,28,049 2,53,181 2,81,660 Revenue Receipts 82.16 74.19 81.69 80.56 80.14 (percentage of total receipts) Revenue receipts as a percentage of GSDP Revenue Receipts 16.28 15.95 15.90 16.17 16.27 Change in net public debt 2.58 5.71 2.66 3.87 4.00 Recovery of Advances 0.01 0.01 0.14 0.00 0.01 Net Public Account 0.95 -0.17 0.76 0.03 0.02 Total Receipts 19.82 21.50 19.51 20.08 20.31 GSDP (Amount in crores) 906672 917555 1169004 1261015 1387117 Source: Finance Department , Madhya Pradesh Government , Note-(PUA) = Revised Estimates ( BA ) = Budget Estimates 2.2 State Tax Revenue State’s Revenue Receipts are shown in Table No. 2.3 and receipts under major tax revenue heads are shown in Table No. 2.4. The share of State taxes as a percentage of GSDP has increased from 6.16% to 6.20%