Some Perspectives on Vibrant Economy of Uttarakhand

Abstract

This article illustrates current economic trends and the development of the Uttarakhand economy using an integrated approach. The information and data were collected from a range of sources, including primary and secondary sources, as well as interviews with particular professions, etc. According to analysis, Uttarakhand's economy is doing quite well despite some clear challenges and problems. Over the past 10 years, the state's GDP and per capita income have more than doubled, and the economy has grown by 8.76% on average. More than 48% of the SGDP comes from the secondary sector. Through an investor summit, the administration is drawing substantial capital investment into the economic areas for which it has now set priorities. Because these industries are essential to economic growth, job creation, and preventing brain drain from the state, they are receiving more attention for development. These are tourism, MSMEs, the IT sector, food processing, agriculture, horticulture, and so on. The article makes a number of recommendations for the state's quick growth in tourism. A number of welfare schemes have been launched, and healthcare facilities are continuously increasing. Women's growth and empowerment are given top importance, and the state has put in place a number of social programs. In Uttarakhand's steep terrain, despite environmental problems and natural disasters, infrastructure and connections are rapidly increasing. The state's youthful, dynamic chief minister is well aware of his goals to turn Uttarakhand into a significant economic powerhouse by prioritizing environmentally friendly economic development and providing work opportunities for young people in order to reverse the state's brain drain. It may be deduced that Uttarakhand has enticing investment opportunities for anyone seeking to capitalize on the unrealized potential for the state's overall development.