UTTAR PRADESH - TAJ MAHAL IN AGRA, UTTAR PRADESH March 2021 For updated information, please visit www.ibef.org - IBEF Presentation
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UTTAR PRADESH TAJ MAHAL IN AGRA, UTTAR PRADESH March 2021 For updated information, please visit www.ibef.org
Table of Contents Executive Summary 3 Introduction 4 Economic Snapshot 9 Physical Infrastructure 15 Social Infrastructure 24 Industrial Infrastructure 28 Key Sectors 30 Key Procedures & Policies 39 Appendix 48 2
Executive summary Leading tourist destination In 2019, domestic tourists arrival in the state was around 535.8 million, second in the country. Foreign tourists arrival Growth in state crossed 4.74 million, third highest in the country. budget Rs. 640 crore (US$ 88.16 million) has State Budget of 2021-22 for Uttar been allocated under the State Budget Pradesh increased by 20% over 2021-22 for the development and 2019-20. The state government beautification of Ayodhya. has proposed Rs. 5,50,271 crore (US$ 75.80 billion) for various sectors in 2021-22. Strong Horticulture Base Uttar Pradesh is the largest producer of food grains in India and accounted for about 17.83% share in the country’s total food grain output in 2018-19. Major food grains produced in the state include rice, wheat, maize, millet, gram, pea & lentils. With overall vegetable production of 28,278.31 thousand tonnes in 2017-18, the state remains largest producer of vegetables in India. Pulses production in the state stood at 2,208.0 thousand tonnes in 2017-18* and 660.7 thousand tonnes under kharif season in 2018-19^. Source: Uttar Pradesh Tourism, Government of Uttar Pradesh, Government of Uttar Pradesh, Directorate of Economics and Statistics, Ministry of Agriculture, India Sugar Mills Association, National Dairy Development Board, Milk Commissioner, Uttar Pradesh, India, State Budget 2020-21. 3
Advantage Developed infrastructure and Hub of IT/ITeS services and good connectivity semiconductor industry Uttar Pradesh has emerged as a key hub for IT & The state has a well-developed social, physical and industrial ITeS industries, including software, captive infrastructure. It also has good connectivity through 48 national business process outsourcing (BPO) & highways, 6 airports & rail links to all major cities. electronics. The state has witnessed strong infrastructure growth in the The state has become a hub for the recent past. semiconductor industry with several major players having their offices and R&D centres in Noida. Rich labour pool Policy and fiscal incentives The state offers a wide range of With a population of 22.65 crore, subsidies, policy and fiscal incentives Uttar Pradesh is the most as well as assistance for businesses populous state in India. under the Industrial and Service Sector Uttar Pradesh has a large base of Investment Policy, 2004 and skilled labour, making it an ideal Infrastructure & Industrial Investment destination for knowledge-based Policy, 2012. sectors. The state has well-drafted, sector- The state also has a large pool of specific policies for IT and biotech. semi-skilled and unskilled labour Uttar Pradesh ranked second in implementing the Business Reform Action Plan in 2019 Source: Department of Infrastructure and Industrial Development, Directorate of Economics & Statistics of Uttar Pradesh, Central Statistics Office, Census 2011 5
Uttar Pradesh vision 2030 1 SKILL DEVELOPMENT 8 ENERGY To integrate efforts of various skill To invite private players to invest development departments of central in the energy sector and ensure and state governments and provide uninterrupted power supply. employment oriented training in To promote generation and use of 1 8 vocational skills. clean and green power in the state by harnessing solar energy. 7 AGRICULTURE 2 INVESTMENT To increase farm PROMOTION 2 7 productivity & farmer profitability. To establish Uttar Pradesh as the To disseminate technology to farmers most preferred destination for through development of training investments by accelerating industrial network, demonstration, and development and creating a reference materials, among others. conducive business environment. 3 TOURISM 3 6 6 SOCIAL WELFARE To provide basic amenities to To develop religious tourism at economically and socially backward various sites with potential. sections. To develop areas of tourist interest To provide housing to the urban poor and provide better wayside facilities. 4 5 and carry out slum redevelopment programs. 4 INFORMATION TECHNOLOGY 5 INFRASTRUCTURE To use IT as a vehicle for economic To construct Metro Rail in Lucknow. development. To develop, manage and maintain highways To position Uttar Pradesh as the preferred at par with world standards. destination for IT/ITeS investment. To provide connectivity to rural areas by developing roads. Source: Government of Uttar Pradesh 6
Uttar Pradesh fact file Lucknow Capital 829 persons per sq km 227.65 million Population density total population 240,928 sq.km. geographical area 95.33 million 104.48 female population million male population 912 Sex ratio 67.68% administrative districts: 71 (females per 1,000 males) Key Insights literacy rate Uttar Pradesh shares its borders with Nepal on the north; the Indian states of Uttarakhand and Himachal Pradesh towards the northwest; Haryana, Delhi and Rajasthan on the west; Madhya Pradesh on the south, Chhattisgarh and Jharkhand to the southeast and Bihar in the east. The most commonly spoken language in the state is Hindi. English and Urdu are the other languages used. Lucknow, Noida, Agra, Ghaziabad, Allahabad, Varanasi, Kanpur, Meerut and Saharanpur are some of the key cities in the state. The state has three major seasons: hot weather (March to June), rainy season (July to September) and cold weather (October to February). Wheat, rice, pulses, oil seeds and potatoes are the major agricultural products. Sugarcane is the most important cash crop throughout the state 7
Uttar Pradesh in figures Uttar Pradesh’s Contribution to Indian Economy (2020-21) Physical Infrastructure in Uttar Pradesh GSDP as a percentage of all states’ GSDP GSDP India: 100.0 | Uttar Pradesh: 8 Installed power capacity (MW) (as of February 2021) India: 379,130.41 | Uttar Pradesh 27,309.40 GSDP growth rate (%) India: 11.5 | Uttar Pradesh : 8.43 Wireless subscribers (million) (as of December 2020) Per capita GSDP (US$) India: 1,153.77| Uttar Pradesh : 161.01 India: 2,092.57 | Uttar Pradesh : 1,016.56 Internet subscribers (million) (as of September 2020) Social Indicators India: 776.45 | Uttar Pradesh : 95.92 Literacy rate (%) National highway length (km) (as of September 2019) India: 77.4 | Uttar Pradesh : 67.68 India: 132,500 | Uttar Pradesh : 11,737 Birth rate (per 1,000 population) (2018) India: 20.0| Uttar Pradesh : 26.6 Airport (No.) India: 153 | Uttar Pradesh : 6 Industrial Infrastructure Operational & Maintenance PPP projects Investments (No.)( December 2019) India: 1824 | Uttar Pradesh : 77 Cumulative FDI equity inflows since October 2019 to December 2000 (US$ billion) Operational SEZs (No.) India: 75,351.56 | Uttar Pradesh : 560.74 India: 262 | Uttar Pradesh : 13 Note: GSDP, per capita GSDP figures are for 2020-21 taken at current prices, For source refer to Annexure, ** - year-on-year, MW- megawatt, FDI- Foreign direct investment 8
Economic snapshot – GSDP GSDP at current prices GSDP per capita at current prices 300.00 CAGR (In Rs.) 8.43% 18.00 1,200 CAGR (In Rs.) 6.80% 80,000 17.06 16.00 16.88 70,000 74,141 73,792 250.00 1,000 70,680 15.85 1,051.79 1,016.56 1,011.30 14.00 994.88 60,000 64,120 239.44 14.16 234.96 226.75 59,249 883.13 219.71 200.00 12.00 800 12.89 50,000 811.38 53,113 192.09 11.38 10.00 173.82 150.00 600 40,000 8.00 30,000 100.00 6.00 400 4.00 20,000 50.00 200 2.00 10,000 0.00 0.00 0 0 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 US$ billion Rs trillion US$ Rs At current prices, the Gross State Domestic Product (GSDP) of The state’s per capita GSDP in 2020-21 was Rs. 73,792 (US$ Uttar Pradesh was Rs. 17.06 trillion (US$ 234.96 billion) in 1,016.56). 2020-21. Per capita GSDP increased at a CAGR of 6.80% between The GSDP is expected to increase at a CAGR of 8.43% from 2015-16 and 2020-21. 2015-16 to 2020-21. Source: Ministry of Statistics & Programme Implementation 10
Economic snapshot – NSDP NSDP at current prices NSDP per capita at current prices 250.00 CAGR (In Rs.) 8.42% 16.00 1,000 CAGR (In Rs.) 6.79% 70,000 900 65,704 15.12 65,431 932 14.96 14.00 60,000 901 896 62,652 882 14.05 200.00 800 212.19 208.34 56,861 12.00 201.00 785 12.56 195 700 50,000 52,671 720 11.46 170.76 10.00 47,118 150.00 600 40,000 10.09 154.20 8.00 500 30,000 100.00 400 6.00 300 20,000 4.00 50.00 200 2.00 10,000 100 0.00 0.00 0 0 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 US$ billion Rs trillion US$ Rs At current prices, the net state domestic product (NSDP) of The state’s per capita NSDP in 2019-20 was Rs. 65,431 (US$ Uttar Pradesh was Rs. 15.12 trillion (US$ 208.34 billion) in 901.38). 2020-21. Per capita NSDP increased at a CAGR of 6.76% between The NSDP increased at a CAGR of 8.42% between 2015-16 2015-16 and 2020-21. and 2020-21. Source: Ministry of Statistics & Programme Implementation 11
Economic snapshot – Percentage distribution of GSDP In 2020-21, the tertiary sector contributed 48.91% to Uttar Pradesh’s GSVA composition by sector Gross State Value Added (GSVA) at current prices, followed by the primary sector (27.46%) and secondary sector (23.63%). 100% 45.51% CAGR* 48.91% 90% The tertiary sector grew the fastest among the three sectors from 2011-12 to 2020-21 (10.37% CAGR). The growth was driven by 80% 10.37% trade, hotels, real estate, finance, insurance, transport, 70% communications and other services. 60% The primary sector expanded at a CAGR of 9.33% between 2011-12 50% 26.66% 23.63% and 2020-21. The growth was driven by agriculture and forestry. 40% 8.03% The secondary sector expanded at a CAGR of 8.03% between 2011- 30% 12 and 2020-21. This was driven by manufacturing, construction, 27.83% 27.46% 20% electricity and gas & water supply. 10% 9.33% 0% 2011-12 2020-21 Primary Sector Secondary Sector Tertiary Sector Note:- * CAGR in Rs. term, Source: Ministry of Statistics & Programme Implementation 12
Economic snapshot – FDI inflow & investments Visakhapatnam FDI Inflow in Uttar portPradesh traffic (million (US$ million)1 tonnes) Investment intentions in terms of IEMs filed, LOIs/DILs issued 1,000 7,500 900 942 248 7,250 800 6,000 90 700 80 600 111 7 34 4,500 500 25 140 3,842 400 30 3,000 300 2,404 2,212 2,201 2,130 200 1,500 1,911 1,897 2,052 165 134 158 108 136 121 148 147 100 70 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY01-FY11 FY01-FY20 Number of Investment Intentions Proposed Investments (US$ million) According to Department for Promotion of Industry and Internal A 50-member delegation from US, representing 26 major companies Trade (DPIIT), cumulative FDI inflow1 in Uttar Pradesh stood at US$ has shown interest in investment opportunities in Uttar Pradesh, 942 million between April 2000 and March 2020. giving a boost to employment opportunities in the state. In February 2020, state organised Defence Expo-2020 and received In 2019, 147 investment intentions worth Rs. 16,799 crore (US$ proposals worth Rs. 5 lakh crore (US$ 70.93 billion) for investment. 4,404 billion) were filed in Uttar Pradesh. In August 2020, Kodak TV has highlighted a plan to invest Rs. 500 Between October 2019 and December 2020, FDI inflow in Uttar crore (US$ 715 million) in Hapur, Uttar Pradesh, to set up a fully- Pradesh stood at US$ 560.74 million. The state ranked 10th in India automated television manufacturing plant in terms of FDI inflow. Note:, 1Including Uttaranchal, IEMs - Industrial Entrepreneur Memoranda, LOIs - Letters of Intent, DILs - Direct Industrial Licences Source: Ministry of Commerce & Industry, Government of India , Department for Promotion of Industry and Internal Trade (DPIIT) 13
Economic snapshot – Export trends Principal commodities exported in Merchandise exports (US$ billion) (April–January 2021) 18.00 Telecom instruments 16.00 16.99 Buffalo meat 16.29 14.00 12.93 12% Aluminium products 13.91 13.80 12.00 12.40 12.53 11% Products of Iron & Steel 10.00 Footware of leather 8.00 4% 55% 3% Carpet (excluding silk) 6.00 3% handmade 4.00 3% RMG manmade fibers 3% 3%3% 2.00 Spices 0.00 RMG Cotton Including 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21* Accessories Others Merchandise exports from Uttar Pradesh reached US$ 16.99 billion in 2019-20 and US$ 12.93 billion in April-January 2021. Telecom equipment was the leading export category with 16% in 2019-20. Buffalo meat was the second-largest export category at 10.7%. The US is the major export market for Uttar Pradesh, accounting for about 17% of the export value in 2019-20 Note:- *- April to January 2021 Source: DGCIS Analytics 14
PHYSICAL INFRASTRUCTURE 15
Physical infrastructure – Roads Uttar Pradesh is well-connected to its 9 neighbouring states & other Fund Allocation and Expenditure parts of India through 48 national highways. The length of national CRF (US$ million) EI & ISC (US$ million) highways running through the state accounts for about 8.5% of the Accrual Release Accrual Expenditure total National Highway (NH) length in India. Yamuna Expressway has 6 lanes & is 165-km long with controlled-access which connects 2014-15 32.52 36.35 NA 1.86 Greater Noida with Agra. 2015-16 35.33 35.33 NA 10.67 In November 2020, the Union Minister for Road Transport, 2016-17 88.32 34.09 0.78 0.16 Highways and MSMEs Mr. Nitin Gadkari inaugurated and laid the 2017-18 91.09 138.13 17.84 16.03 foundation stone of 16 highway projects worth Rs 7,477 crore (US$ 2018-19 90.91 90.91 13.17 4.99 1.01 billion) in Uttar Pradesh. Budget 2021-22 (Project) Funds allocated Road type Road length (km) Rs. 1,492 crore (US$ Roads Length 422,412 Bundelkhand expressway 205.64 million) National highways(As on 11,737 Rs. 750 crore (US$ November 2019) Gorkahpur expressway 103.37 million) State highways 7,147 Rs. 1,107 crore (US$ Purvanchal expressway 152.57 million) Other roads^ 169,153 Rs. 7,200 crore (US$ Ganga expressway Rural roads^ 86,827 1 billion) Note: ^ as of 2015-16, NA - Data not available Source: Maps of India, Ministry of Road Transport & Highways, UPSRTC - Uttar Pradesh State Road Transport Corporation, NHAI, State Budget 2021-22 16
Physical infrastructure – Railways Uttar Pradesh has the biggest railway network in the country with a railway density of 40 km which is double the rail density of the India. Various parts of the state are catered to five of the 17 railway zones in India. These are Northern Railways, North Eastern Railways, East Central Railways, North Central Railways and West Central Railways. As per state budget 2021-22, Uttar Pradesh Government allocated Rs. 100 crore (US$ 13.78 million) for metro rail projects in Varanasi and Gorakhpur. In July 2019, the Cabinet Committee on Economic Affairs (CCEA) approved the construction of an 81.17 kilometres long new railway line between Sahjanwa and Dohrighat in Uttar Pradesh. In July 2020, European Investment Bank (EIB) announced plan to invest EUR 650 million in Kanpur Metro Rail Project. In August 2020, Asian Development Bank (ADB) approved a US$ 1 billion loan for the high-speed Regional Rapid Transit System (RRTS) corridor between Delhi and Meerut in Uttar Pradesh. Source: Maps of India Source: Ministry of Railways, State Budget 2021-22 17
Physical infrastructure – Airports…(1/2) The state has six domestic airports, located at Agra, Allahabad, Passenger and Aircraft movement (in 2020-21)* Gorakhpur, Kanpur, Lucknow and Varanasi. Passenger traffic Aircraft movement Airport (nos.) (nos.) International flights operate from Chaudhary Charan Singh Agra 858 108 International Airport, Lucknow, and Lal Bahadur Shastri Airport, Varanasi. Prayagraj 269,996 3,084 Gorakhpur 396,918 3,854 Kanpur (Chakeri) 38,726 472 Lucknow 1,811,387 17,301 Varanasi 1,135,718 11,146 In December 2019, Zurich Airport International got the approval from state cabinet to develop and construct the Jewar Airport. As per state budget 2021-22, Uttar Pradesh Government allocated Rs. 101 crore (US$ 13.92 million) for Ayodhya Airport and Rs. 2,000 International airport crore (US$ 275.80 million) for Jewart, Chitrkoot and Sonbhadra Domestic airport airport Source: Airports Authority of India Note: *April to February 2021 Source: Airports Authority of India, State Budget 2021-22, News Article 18
Physical infrastructure – Airports…(2/2) Passenger traffic, Varanasi and Lucknow (million) Aircraft movement, Varanasi and Lucknow (nos.) 6 45,000 5.53 5.43 40,000 41,752 5 38,494 4.75 35,000 36,413 4 3.96 30,000 29,356 3.24 27,317 25,000 3 24,056 3.01 20,000 21,818 2.79 17,301 2 1.81 15,000 15,658 2.09 15,035 1.91 10,000 11,666 11,146 1.38 1 1.13 5,000 0 0 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 FY21* FY21* Varanasi Lucknow Varanasi Lucknow Note: *April to February 2021 Source: Airports Authority of India 19
Physical infrastructure – Power Uttar Pradesh was one of the states to bring in power sector reforms Installed power capacity (MW) in the country. The fundamental restructuring of the state power sector was processed in mid 1990s, wherein world bank was one of the main agencies funding in power sector reforms in India. 30,000 As of February 2021, Uttar Pradesh had an installed power 27,309 generation capacity of 27,309.40 MW—6,242.00 MW (state utilities), 26,276 13,411.49 MW (private utilities) and 7,655.71 MW (central utilities). 25,000 25,130 24,434 23,662 Thermal power contributed 19,762.03 MW to the state’s total installed power generation capacity, followed by 3,424.03 MW (hydropower), 289.48 MW (nuclear power) and 3,833.86 MW 20,000 (renewable power). 18,617 Solar Energy Policy 2017 implemented with an objective to attract 15,000 private investments for increasing solar power generation. Target to generate 10,700 MW of solar power by 2022. Energy requirement in the state was 107,109 million units (MU) in 10,000 2019-20. Power demand in the state in 2019-20 reached 22,599 MU. 5,000 As per the State Budget 2021-22, Rs. 27,248 crore (US$ 3.75 billion) has been allocated to the energy sector. - FY16 FY17 FY18 FY19 FY20 FY21* Note: MW- Megawatt, MU- Million Unit, * - Till February 2021 Source: Central Electricity Authority, State Budget 2021-22 20
Physical infrastructure – Telecom The Uttar Pradesh circle has good telecom infrastructure, with all the Telecom Infrastructure (as of December 2020) major players providing services in the state. The state has a huge postal circle (17,670 post offices) divided into six regions: Allahabad, Wireless subscribers 161,022,816 Agra, Bareilly, Gorakhpur, Kanpur and Lucknow. Wireline subscribers 755,948 By December 2020, 61.06 million subscribers had submitted Internet subscribers (in June 2020) (million) 95.92 requests for mobile number portability in Uttar Pradesh. Teledensity (in %) 66.91 Performance Status of Bharat Net Project (as on 31 March 2019) Major telecom operators in Uttar Pradesh No. of GPs in Phase-I (up to 7 August Bharat Sanchar Nigam Limited (BSNL) 28,027 2019) Bharti Airtel nd Pipe laid (kms) (up to 22 April 2018) 48,556 Vodafone Idea Optical Fibre Cable laid (kms) (as on 3,20,648 Aircel Ltd 31st March 2019) GPs for which cable laid (as on 31st Reliance Communications 1,25,722 March 2019) Tata Teleservices Service ready GP (as of November 30,565 2020) Source: Telecom Regulatory Authority of India, Ministry of Communications and Information Technology, India Post 21
Physical infrastructure – Urban…(1/2) Uttar Pradesh Government targets improving basic urban Classification of AMRUT Cities in Uttar Pradesh (Funds infrastructure and water supply in 61 cities and towns with a allocated, committed and sanctioned by central) (US$ million) population of above one lakh each by 2019-20. Total Committed Sanctioned Allocation The Government of Uttar Pradesh has proposed an investment of Fund under AMRUT 1583.05 682.25 180.44 Rs. 6,000 crore (US$ 858.49 million) for the Swachh Bharat Mission Program (Gramin) in State Budget 2019-20. Total number of 61 AMRUT cities As per State Budget 2021-22, a total amount of Rs. 7,000 crore (US$ 965.01 million) and Rs. 10,029 crore (US$ 1.38 billion) has been allocated to ‘Pradhan Mantri Awas Yojna (Rural)’ and ‘Pradhan Classification of AMRUT cities in Uttar Pradesh on the basis Mantri Awas Yojna (Urban)’ respectively. Also, Rs. 1,400 crore (US$ of population 193.00 million) allotted ‘Swachh Bharat Mission (Urban)’. AMRUT cities with population less 53 than 1 million In 2019, the state recorded the fastest construction of houses under the Pradhan Mantri Awas Yojna with 14.26 lakh houses constructed AMRUT cities with population 7 in the range of 1 - 10 million from 2016-17 to 2019-20. AMRUT cities with population 0 In August 2020, the central government has approved proposal for a greater than 10 million comprehensive urban mobility plan in Lucknow Total number of AMRUT cities 60 Source: JNNURM, Ministry of Urban Development, Loksabha, Government of India, State Budget 2021-22 22
Physical infrastructure – Urban…(2/2) Smart Cities in Uttar Pradesh Under the Smart Cities Mission launched by the central Government in Uttar Pradesh, 13 cities were proposed to be developed as smart Cities Population Cities Population cities. Kanpur 2,765,348 Moradabad 887,871 Out of these, 7 cities have been included by the central Government, until the third round of the mission. In the fourth round released in Allahabad 1,112,544 Aligarh 874,408 January 2018, 3 new cities have been chosen, namely, Bareilly, Moradabad and Saharanpur. Lucknow 2,817,105 Saharanpur 705,478 Jhansi 505,693 Bareilly 903,668 Agra 1,585,704 Ghaziabad 1,648,643 Varanasi 1,198,491 Rampur 325,313 Fund allocation under PMAY (as of July 2018) Cities Released Utilised included Approved in State in (US in (US (US million) In Mission million) million) Uttar 653 1,077.64 306.36 44.77 Pradesh Source: Ministry of Urban Development, Government of India, State budget 2020-21, PMAY - Pradhan Mantri Awas Yojana 23
SOCIAL INFRASTRUCTURE 24
Social infrastructure – Education…(1/2) Uttar Pradesh has 79 universities out of which 28 are state Funds released for Primary Education (US$ million) universities, 9 are deemed universities, 4 central universities, and 800 29 private universities. 784.23 784.23 700 698.01 600 659.40 As of 2018-19, Uttar Pradesh had 79 universities, 7,078 colleges 500 per lakh population and 3,143 Industrial Training Institutes. 163.14 157.85 400 133.74 113.41 300 The state is one of the few states to have successfully 200 implemented the “education for all” policy. Consequently, the state 100 0 has made various investments towards escalation of the standard 2014-15 2015-16 2016-17 2017-18 of education across various levels. The state has a good presence of private players in the education sector. MDM Scheme SSA Programme Uttar Pradesh government has allocated Rs. 67,683 crore (US$ 9.32 billion) for the education, sports, arts, and culture sector in Educational infrastructure - 2018-19 state Budget 2021-22. 1 Universities 79 Colleges 7,078 1 Medical colleges 46 1 Polytechnics 168 Primary schools 113,249 Upper primary schools 45,590 Source: Ministry of Human Resource Development, University Grants Commission, Medical Council of India , Loksabha, State Budget 2020-21, AISHE 2018-19, 2Per lakh population 25
Social infrastructure – Education…(2/2) Literacy Rate in Uttar Pradesh Education Sector Budget 2021-22 Category Literacy rate (%) Basic Education Total 67.68 Mid-Day Meal US$ 469.50 million Male 77.28 Female 57.18 'Samagra Shiksha Abhiyan' US$ 2.50 billion Major Educational Institutes in Uttar Pradesh According to the provisional data of Census 2011, Uttar Pradesh has Indian Institute of Technology, Kanpur. a literacy rate of 67.68%; male literacy rate is 77.28% and female Indian Institute of Management, Lucknow. literacy rate is 57.18%. Aligarh Muslim University, Aligarh. Motilal Nehru National Institute of Technology, Allahabad. In the State Budget 2021-22, the state Government allocated Rs. Asian Academy of Film and Television, Noida. 3,406 crore (US$ 469.50 million) for Mid-Day-Meal and Rs. 18,172 Indian Veterinary Research Institute, Izatnagar. crore (US$ 2.50 billion) for ‘Samagra Shiksha Abhiyan’. Banaras Hindu University, Varanasi. National Institute of Technology (NIT), Allahabad. Source: State Budget 2021-22 26
Social infrastructure – Health The state has a 3-tier public healthcare infrastructure, comprising Health infrastructure (as of May 2020) primary health centres (PHCs), health units, community health Primary Health Centers 3,594 centres (CHCs) & sub-centres. Sub-Centres 21,057 As per state budget 2018-19, the state had 170 mobile medical units (MMU) to provide a range of preventive & curative healthcare Community Health Centres 5,417 services at PPP route, the state also has 100 new Ayurveda District Hospitals 195 hospitals. Sub-District Hospitals 6 In May 2020, the state had 3,594 primary health centres, 21,057 sub-centres, 5,417 community health centres and 195 district Health indicators (2018) hospitals and 6 sub-district hospitals. As per State Budget 2021-22, Rs. 32,009 crore (US$ 4.41 billion) Parameter was allocated to the health and family welfare sector. Government hospital beds per 100,000 population 30.9 • Of this, Rs. 5,395 crore (US$ 743.30 million) has been allocated 1 Birth rate 25.6 for the ‘National Rural Health Mission’ and Rs. 1,300 crore (US$ 1 Death rate 7.0 179.11 million) for the ‘Ayushman Bharat Yojana’. 2 Infant mortality rate 31 Life expectancy at birth (year) Male 64.8 Female 65.8 Source: Press Information Bureau, Ministry of Health and Family Welfare, Government of Uttar Pradesh, 1Per thousand persons, 2Per thousand live births, Uttar Pradesh Budget 2021-22, AYUSH - Ayurveda,Yoga & Naturopathy, Unani, Siddha and Homoeopathy 27
INDUSTRIAL INFRASTRUCTURE 28
Industrial infrastructure Uttar Pradesh, a state with an access to a robust industrial Prime Minister's Employment Generation Programme (PMEGP) infrastructure, has 15 industrial areas, 12 specialised parks, 4 growth Schemes, fund allocation and utilisation in Uttar Pradesh centres & Industrial Infrastructure Development Centres (IIDC). Allocated (US$ Utilized (US$ Employment Year million) million) generated As of October 2020, Uttar Pradesh had 21 notified, 13 operational SEZs and 24 formally approved SEZs. 2014-15 20.70 26.28 48,604 The state has proposed 40 IT/ITeS parks (apart from IT SEZs), 2 2015-16 27.21 22.43 43,059 biotech zones & a knowledge park. The development of integrated agro/food processing zones has been proposed at Hapur, about 54 2016-17 20.14 22.14 36,315 km from Delhi. 2017-18 17.31 16.82 43,456 The state Government sanctioned 20 SEZs in the state to accommodate various sectors such as IT/ITeS, textiles, handicrafts, 2018-19 273.18 73.34 12,472 and non-conventional energy. IT/ITeS accounted for the maximum share of approved SEZs in the state which accounted for 80% of the 20 SEZs, followed by electronic products contributing 18 % to the overall share. In May 2020, the government has accorded industry status to the warehousing and logistics market in the state. Source: Ministry of Micro, Small and Medium Enterprises, (1) Including unutilised funds from previous years. 29
KEY SECTORS 30
Key sector – IT and ITeS…(1/2) The major factors backing the IT & ITes industry in the state are the e-Governance structured incentives to IT & ITeS companies. For instance IT/ITeS Uttar Pradesh Government moving towards implementing e- companies with investments of more than US$ 0.79 million can avail Governance reforms. interest free loans. IT e-Governance Core Infrastructure Projects State Data Centre (SDC) Moreover the increasing upgradations in the infrastructure owing to rising investments along with proximity to the pool of talent are State Wide Area Network (SWAN) additional positive factors for the IT/ITes industry in the state. Common Service Centres (CSC’s) e-District Project The state cabinet approved UP Defence and Aerospace Units and Capacity Building Employment Promotion Policy 2018, with an intention to generate 0.25 million jobs and expects an investment of Rs. 50,000 crore Digital India Initiatives (US$ 7.46 billion) over the next five years. Digidhan Mela Digital Payments State government is planning to develop Tier II and III cities as the My-Gov IT hub and has identified 3-5 acres of land for IT Parks in cities such as Meerut, Kanpur, Agra and Gorakhpur. Cyber Security Cell Smart City Initiatives HCL Group is developing 100-Acre IT City SEZ Lucknow project with an initial investment of approx. Rs. 1,500 crores. (US$2.1 billion) Source: Udyog Bandhu, State budget 2018-19, SEZIndia, Uttar Pradesh Investor Summit 2018 31
Key Sector – IT and ITeS…(2/2) Tata Consultancy Services (TCS) is an Indian multinational IT company and has 232 offices in 46 countries and 151 solution centres in 24 countries. The company provides a wide range of IT, business and consulting solutions. The corporate office of the company is located at Lucknow in Uttar Pradesh. TCS Adobe has historically focused upon the creation of multimedia and creativity software products, with a more recent foray towards rich Internet application software development. The company’s corporate office and Adobe Systems India Pvt. Ltd are located in Noida. Adobe HCL Technologies is one of the pioneers in the Indian IT space. Company delivers IT solutions across applications and infrastructure. The company has a network of offices in 31 countries and serves a wide range of industries. Ten offices of the company, including the global headquarters, are located at Noida in Uttar Pradesh. HCL Technologies IBM is one of the top manufacturers of computer hardware, software and middleware, and in the areas of mainframe computers to nanotechnology, they provides hosting and consulting services. The company employs 130,000 people in India, about one-third of its total work force, and more than in any other country. The corporate office of the company is located at Noida in Uttar Pradesh. IBM Tech Mahindra is provider of information technology (IT), networking technology solutions, Six Sigma Consulting, Infrastructure Management Services and Business Process Outsourcing (BPO) to various industry verticals and horizontals. The company’s has six corporate offices in Noida, Uttar Pradesh. Tech Mahindra 32
Key sector – Agro & Food processing…(1/4) Uttar Pradesh is the largest producer of Vegetables, wheat and food Annual production of Crop in grains in India. Major food grains produced in the state include rice, 2016-17 2017-18 (‘000 tonnes) wheat, maize, millet, gram, pea and lentils. Wheat 30,057.9 31,879.1 Production of vegetables stood 1,002.64 thousand MT in 2018-19^^. Rice 13,754.0 13,345.9 Fruit 10,302.8 10,539.78(P) Food grain production in 2016-17 stood at 49,903.1 thousand tonnes Vegetables 28,192.63 27,515.92(P) in the state. In 2017-18, food grain production in the state stood at Flowers 118.29 110.64* 51,252.7 thousand tonnes and 18,416.3 thousand tonnes under Aromatic 13.53 13.53* Kharif season in 2018-19. Spices 227.5 228.50* In 2019-20, exports of major agriculture commodities from Uttar Honey 15.15 17.17* Pradesh stood at US$ 2.16 billion and reached US$ 1.83 billion Onion 426.98 427.49* during April-December 2020. Potato 15,543.0 15,561.85* Tomato 831.51 832.50* As of May 2020, 125 Agricultural Produce Market Committees Pulse 2,184.1 2,208.0 (APMCs) were linked with National Agriculture Market (eNAM) in the Cereals 3,946.0 3,894.9 state. • In May 2020, the local govt. has approved the Uttar Pradesh Krishi Utpadan Mandi (Amendment) Ordinance, 2020. As per this In State Budget 2021-22, state government has allocated Rs. 20,418 ordinance, the specified 46 fruits and vegetables will be removed crore (US$ 2.8 billion) for irrigation and flood control. from the ambit of the Uttar Pradesh Krishi Utpadan Mandi Act, 1964. Note: *As of 1st Advance Estimate, ^ Latest data available till 2016-17, #As of 1st Advance Estimate, (P) Provisional, ^^- as per 3rd advance estimate Source: Department of Agriculture and Cooperation, Government of India, National Horticulture Board, Aromatic Crops include Rosemary, Vetiver, Lemongrass, Citronella, Geranium, Palmarosa, Patchouli, Mint. 33
Key sector – Agro & Food processing…(2/4) Easy access to raw material and huge potential of establishing new Sugarcane Production ('000 tonnes) units in Eastern Uttar Pradesh have given a boost to sugar 200,000 manufacturing in the state. There is a huge demand for by-products 180,000 of the sugar industry. 179,715 177,033 173,816 160,000 140,000 Uttar Pradesh is the second largest sugar producing among states in 145,385 140,169 133,061 120,000 India. 100,000 80,000 Sugarcane is produced in 44 districts of the state & of these districts, 60,000 28 districts are major sugarcane producing districts. As of November 40,000 2017, there were around 110 operational sugar mills in the state. 20,000 0 2014-15 2015-16 2016-17 2017-18 2019-20* 2018-19** The state is among the largest sugarcane producers in India and accounted for 47.00% of the country’s sugarcane production in 2018- 19**, total sugarcane production was around 179.715 million tonnes in 2018-19. Key players Uttar Pradesh is estimated to have higher sugarcane area at 22.24 Bajaj Hindusthan Ltd lakh hectares in 2018-19. Balrampur Chini Mills Ltd Dhampur Sugar Mills Ltd Oudh Sugar Mills Ltd Note: ** As per 4th Advance Estimates, * As per 1st Advance Estimates Source: Government of Uttar Pradesh, Ministry of Agriculture, India Sugar Mills Association 34
Key sector – Agro & Food processing…(3/4) Uttar Pradesh is recognised as a major milk-producing state in India. Exports (US$ million) Milk production in the state stood at 30.5 million tonnes in 2018-19, accounting for 16.50% of the total milk production in the country. Per Crop 2019-20 2020-21# capita milk availability in the state stood at 359 grams per day in Fruits and Vegetable 0.33 0.12 seeds 2018-19^. Fresh Onions 8.66 7.09 The dairy sector of the state is anticipated to show enormous growth Dairy Products 27.42 16.37 after the incorporation of National Dairy Plan (NDP). National Dairy Wheat 20.56 28.82 Plan has been introduced in eight districts of Uttar Pradesh namely Pulses 3.94 8.00 Meerut, Ambedkarnagar, Lucknow, Bijnore, Gonda, Farrukhabad, Maize 19.02 15.41 Barabanki and Faizabad. The plan will encourage the state to introduce scientific measures to increase milk production. The phase Key Players in Dairy Products 1 of the National Dairy Plan is for a period from 2011-12 to 2018-19. Mother Dairy As per sources, Rs. 42.90 crore (US$ 6.13 million) has been Amul released for National Programme for Dairy Development (NPDD) Gyan schemes. Paras Namaste India Note: ^Based on Projected Population with Base on 2001-Human Census, #- till December 2021. Source: National Dairy Development Board, News Articles, Milk Commissioner, Uttar Pradesh, India, state budget 2019-20, Uttar Pradesh Investor Summit 2018 35
Key sector – Agro & Food processing…(4/4) Bajaj Hindusthan Sugar Ltd, a wholly owned subsidiary of Bajaj Group company, is one of the largest sugar and ethanol manufacturing companies in India. The company has 14 sugar plants located in Uttar Pradesh. The aggregate crushing capacity of these plants is 136,000 tonnes crushed per day . A subsidiary of the company has four plants in the state with a crushing capacity of 40,000 TCD. Bajaj Hindusthan Sugar The company also produces 38 million litres of ethanol and around 430 MW of power from bagasse. Ltd Balrampur Chini Mills Ltd (BCML) was incorporated in 1975. BCML is one of the largest integrated sugar manufacturing companies in India with a crushing capacity of 79,000 TCD. The company has 11 sugar mills in eastern Uttar Pradesh. Balrampur Chini Mills Ltd Dhampur Sugar Mills Ltd has four sugar mills in Uttar Pradesh, at Dhampur, Asmoli, Mansurpur and Rajpura. Besides, the company produces 145 MW of co-generation power and 300 kilo litres of ethanol per day. The company has a sugarcane crushing capacity of 44,500 tonnes per day. Dhampur Sugar Mills Ltd Oudh Sugar Mills Ltd (OSML) belongs to the K.K. Birla Group of Companies, which has diverse business interests in chemicals, engineering, and textiles, among others. The company has four sugar mills, of which three are located in Uttar Pradesh at Sitapur, Shahjahanpur and Kushinagar. The company has a distillery in Sitapur and co-generation power plants in Sitapur and Kushinagar. Oudh Sugar Mills Ltd 36
Key sector – Tourism Major attractions Uttar Pradesh is one of the most preferred states in the country due to the presence of a bouquet of tourist destinations in the state. Taj Mahal Kashi Vishwanath Temple The eminent tourist & historical destinations are Varanasi, Piprahwa, Dashashwamedh Ghat Kaushambi, Shravasti, Kushi Nagar, Agra, Lucknow, Chitrakoot, Agra Fort Jhansi, Allahabad, Vrindavan & Meerut. Varanasi, being one of the most prominent religious & cultural cities in India, attracts a huge chunk of tourists every year. Recently the Several attractive circuits holding potential for new tourism central Government launched a policy to encourage tourism in the infrastructure city, which is expected to boost the sector significantly. Sr. No Key tourist circuit Destinations In 2019, domestic tourists' arrival in the state was around 535.8 million, second in the country. Foreign tourist's arrival crossed 4.74 Kushinagar, 1 Buddhist Circuit Kapilvastu,Sravasti, million, third highest in the country. Sankisa, Sarnath Kumbh Mela that was held in March 2019, witnessed around 24.01 2 Braj Mathura Circuit Mathura Vrindavan crore people visiting the Sangam city including 10.30 lakh foreign tourists. 3 Bundelkhand circuit Jhansi, Khajuraho,Deogarh In January 2021, the state government announced its plan to build Ram Van Gaman Yatra Ayodhya, Bhratkund, 4 Circuit Allahabad 1,038 new Ganga aarti platforms along the river in Bijnor and Ballia districts. Lucknow, Agra, Aligarh, 5 Handicraft Circuit Firozabad Note: 1Provisional Source: Ministry of Tourism, Uttar Pradesh Tourism, Government of Uttar Pradesh, State budget 2020-21 37
Key sector – Renewable energy Uttar Pradesh has capacity to produce 30.27 GW of renewable energy. Renewable energy generation potential (2018-19) The state Government has set an objective of annual addition for Energy Production Potential (MW) production capacity of solar energy to 2,000 MW. Solar Energy 22,830 The state has tremendous potential to increase its biomass energy Wind Energy^ 1,260 production in 97,589 villages. the state is the largest producer of sugarcane and second largest producer of rice in India, the by-product Small Hydro Power 461 bagasse and rice husk form abundant raw material base for power Bio Energy (Biomass Power) 1,765 production. Bio Energy (Bagasse Cogeneration Power) 2,000 The state is rapidly increasing its installations for renewable energy Bio Energy (Waste to Energy) 5 production. There has been 38% increase in production capacity of grid connected to renewable energy in 2018-19. Installed Capacity of Grid Interactive Renewable Power (2018-19) Bio-Power (In MW) Solar Power (In MW) Small Hydro Power 25.10 Ground Mounted 749.00 BM Power Cogen.(Grid Interactive) 1,957.50 Roof Top 57.01 BM Cogen. (Non Bagasse/Captive Power) 160.01 Total Solar Power 806.01 Total Bio Power 2,117.51 Note : ^ As of 2015-16, MW- Megawatt Source: Uttar Pradesh Investor Summit 2018, Ministry of Renewable Energy - Annual Report 2017-18 38
KEY PROCEDURES AND POLICIES 39
Single-window clearance mechanism It is a web-based single-table system for the entrepreneurs who are willing to invest and set up industries in the state. The system was formed with a primary objective of facilitating the entrepreneurs to access, fill and print the forms from the website and submit along with enclosures, required fee, etc., in the respective District Industries Centres/State Udyog Bandhu. The following are the key highlights of the single-table system: • Timely grant of NOC (no objection certificates), approvals, registrations and licenses. • Monitoring the status of applications online, for the officials of the concerned departments along with the entrepreneurs • This system provides a single resource for registration and progress appraisal/review of the status of the applications, among others. 40
Key investment promotion offices Agency Description Policymaking arm of the Industries Department, involved in the implementation of Government policies for all- round development of industries in the state. Directorate of Industries Responsible for implementation of various state policies. Registers various units (small scale industries, biotechnology units, IT parks, etc.). Grants licences/permissions to various entities. Accountable for overall development of industrial areas. Ascertain and stimulates infrastructure related specific projects. UP State Industrial Development Corporation Executes civil construction works for Government and public sector organisations on deposit basis. (UPSIDC) Responsible for acquisition of land on demand for large projects. Responsible for development of integrated infrastructure industrial townships. Department of Focuses on the development of industrial infrastructure in the state. Infrastructure and Industrial Development Responsible for promotion of various grants, assistance for industrial and infrastructure development in the state. 41
Contact list Agency Contact information UPSIDC Complex A-1/4, Lakhanpur Kanpur-208024 UPSIDC Phone: 91-512-2582851/52/53 Fax: 91-0512-2580797 Website: www.upsidc.com 4th Floor, Shri Lal Bahadur Shastri Bhavan Sarojini Naidu Marg Department of Infrastructure & Industrial Lucknow-226001 Development, Government of Uttar Pradesh Phone: 91-522-2238283/2239530 Fax:91-522-2238255 E-mail: idc.up@nic.in Udyog Bhawan, G.T. Road, Kanpur Uttar Pradesh Directorate of Industries Phone: 91-512-2218401/2234956/2219166 Fax:91-512-2297481 E-mail: dikanpur@up.nic.in Website: http://updi.in/ 42
Key approvals required List of approvals and clearances required Departments to be consulted Registration Industries Department Prior to setting up the unit Allotment of land/shed Industrial Development Authority Permission for land use District authorities No-Objection Certificate (NOC) under the Water and Air Uttar Pradesh Pollution Control Board Act Approval for construction activity and building plan Uttar Pradesh Urban Development Authority NOC Fire Department, Uttar Pradesh Provisional Trade Tax registrations / Registration under Central Sales Tax (CST) Act Central and State Excise Departments Before commencement of production NOC under the Water and Air Act Uttar Pradesh Pollution Control Board NOC Fire Department, Uttar Pradesh After commencement of production/activity Permanent Trade Tax registration under UP Trade Tax Act, 1948 / Registration under CST Act Central and State Excise Departments Registration Industries Department 43
Cost of doing business in Uttar Pradesh Cost Parameter Cost estimate US$ 63 to US$ 168(1) Industrial land (per sq m) US$ 80(2) Office space rent (per sq ft per month) US$ 0.30 to US$ 1.50 Commercial: US 11.11 cents Power cost (per kwh) Industrial: US 9.60 cents Labour cost (wages per day) US$ 4.5 Note: (1) By allotment in Greater Noida, (2)Agricultural land by allotment in Greater Noida Source: Industry sources, Uttar Pradesh Power Corporation Limited, Ministry of Labour and Employment, Government of India 44
State acts and policies…(1/3) New Electronics Manufacturing Policy, 2020 1 • The UP government unveiled new electronics manufacturing policy to position the state as a global electronics hub. Through this policy, the govt. intends to attract investment worth Rs. 40,000 crore(US$57.3 billion) in the next five years. Read more Uttar Pradesh Startup Policy, 2020 2 • Goal is to be among top 3 states in Start Up ranking. • Establish/support a minimum 1 incubator in each district of the state. • Create an ecosystem for at least 10,000 startups in the state. Read more 3 UP Defence and Aerospace Units and Employment Promotion Policy, 2018 • To attract investors by offering a slew of incentives for establishing units along the corridor. • To generate 0.25 million jobs in collaboration with Employment Promotion Policy 2018. Read more New Tourism Policy 2018 4 • To attract Rs. 5,000 crore (US$ 772.32 million) every year in investments. • To achieve 15 % and 10 % growth in domestic tourist footfall and foreign tourist footfall, respectively. • To generate employment for 500,000 people annually Read more Uttar Pradesh Information Technology & Start-up Policy, 2017-22 5 • Promotion of Uttar Pradesh as a preferred and attractive location for investments for various IT/ITeS companies. • To establish IT Parks as well as IT cities for the development of IT Infrastructure in the state. Read more Uttar Pradesh Tourism Policy, 2018 6 • Attract Rs. 5,000 crore (US$ 772.32 million) every year in investments and to achieve 15 % and 10 % growth in domestic tourist footfall and foreign tourist footfall, respectively • To develop alternate tourism products which are unique to the culture, heritage and geography of the state. Read more 45
State acts and policies…(2/3) 7 Uttar Pradesh Electronic Manufacturing Policy 2017 • To promote the growth of Electronics Manufacturing Industry in the state by providing conducive environment and position Uttar Pradesh as the most preferred Investment destination Read more 8 Uttar Pradesh Solar Power Policy 2017 • The purpose of this policy is to Achieve target of 8 % Solar Renewable Purchase Obligation (Solar RPO) by 2022. Read more Uttar Pradesh Handloom, Power-loom, Silk, Textile and Garmenting Policy 2017 9 • The major purpose of this policy is to enhance investment and generation of employment in the textile industry so that the per capita income of State comes at par with the per capita income of the nation. Read more Uttar Pradesh Mini Grid Policy, 2016 10 • The purpose of this policy is to market the distributed power generation by controlling the renewable energy which includes biomass, solar, etc. • Further, the policy also aims to provide skill development training and creating employment opportunities at the local level Read more 11 State Housing and Habitat Policy 2014 • The purpose of this policy is to create opportunities for landowners who are donating their land for state development projects. Read more Uttar Pradesh Civil Aviation Promotion Policy 2017 • To create a conducive business environment, provide adequate incentives for the development of 12 robust civil aviation infrastructure and to aid in attracting investments to realize the untapped potential in the aviation sector. • To realize the full potential of tourism by linking major state tourist destinations with rest of India and the world • To facilitate trade and generation of employment opportunities. Read more 46
State acts and policies…(3/3) 13 Sugar Industry, Co-generation and Distillery Promotion Policy 2013 • To entice private capital for setting up new sugar mills, co-generation plants and distilleries in the state and exploit the potential of the sugar industry. Read more Biotech Policy 2014 14 • To preserve bio resources for sustainable commercial use. • To develop sufficient institutional related infrastructure for development and diffusion of biotechnology. Read more Infrastructure & Industrial Investment Policy 2012 15 • To boost the industrial capacity of the state • To attain an industrial development growth rate of 11.2 % per annum, alongside the target of 10 % per annum growth in SGDP as visualised in the Twelfth Five Year Plan Read more 47
APPENDIX 48
Sources Data Sources GSDP (state) MOSPI, Directorate of Economics and Statistics (Uttar Pradesh) Per capita GSDP figures MOSPI, Directorate of Economics and Statistics (Uttar Pradesh) GSDP (India) MOSPI, Directorate of Economics and Statistics (Uttar Pradesh) Installed power capacity (MW) Central Electricity Authority Wireless subscribers (No) Telecom Regulatory Authority of India Internet subscribers (Mn) Telecom Regulatory Authority of India National highway length (km) NHAI, Roads and Building Department - Government of India Airports (No) Airports Authority of India Literacy rate (%) Census 2011 Birth rate (per 1,000 population) SRS Bulletin, 2018 Cumulative FDI equity inflows (US$ billion) Department for Promotion of Industry and Internal Trade Operational PPP projects (No) Ministry of Finance, Government of India Operational SEZs (No) Ministry of Commerce & Industry, Department of Commerce 49
Exchange rates Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year) Year Rs. Equivalent of one US$ Year Rs. Equivalent of one US$ 2004-05 44.95 2005 44.11 2005-06 44.28 2006 45.33 2006-07 45.29 2007 41.29 2007-08 40.24 2008 43.42 2008-09 45.91 2009 48.35 2009-10 47.42 2010 45.74 2010-11 45.58 2011 46.67 2011-12 47.95 2012 53.49 2012-13 54.45 2013 58.63 2013-14 60.50 2014 61.03 2014-15 61.15 2015 64.15 2015-16 65.46 2016 67.21 2016-17 67.09 2017 65.12 2017-18 64.45 2018 68.36 2018-19 69.89 2019 69.89 2019-20 70.49 2020 74.18 2020-21 72.59 2021* 73.69 Note: As of February 2021 Source: Reserve Bank of India, Average for the year 50
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