Making of 'Yoginomics': Micro industries to macroeconomy
Business Standard|November 29, 2024
FROM RUST BELT TO BOOMTOWN: How the Chief Minister's playbook is rewriting UP's growth story with bold reforms and visionary governance
Making of 'Yoginomics': Micro industries to macroeconomy

Uttar Pradesh (UP) Chief Minister (CM) Yogi Adityanath has emerged as a 'Vikas Purush' (growth leader) of the state. UP's all-around rapid growth, spanning its economy, cultural tourism, agriculture production, and the micro, small and medium enterprise (MSME) sector in the past seven years, has had the state's policymakers credit it to 'Yoginomics'.

At the recent Business Standard Samriddhi round table held in Lucknow, Awanish Kumar Awasthi, advisor to the UP CM, elaborated upon the tenets of Yoginomics. He said the first step in Yoginomics is the absolute enforcement of the rule of law and zero tolerance for crime.

In August, while addressing the UP Assembly, Adityanath cited data from the National Crime Records Bureau to buttress his claim that the crime rate was lower during the Bharatiya Janata Party government's tenure since 2017 compared to the preceding Samajwadi Party government.

The UP CM said that there has been a decline of 78.17 per cent in cases of robbery, 70 per cent in cases of kidnapping for ransom, 67.42 per cent in riots, and 43.21 per cent in murders.

Second, Awasthi said, was to provide each government department access to the latest technology to facilitate maximum coverage of the government's welfare schemes, both those of the Centre and the UP government. UP should be no. 1 in the number of beneficiaries covered in the central government schemes and ensure cent per cent saturation of schemes of the state government, he said.

Currently, UP is no. 1 in the country in the number of beneficiaries of the Pradhan Mantri Awas Yojana. It is the topmost state in the country in the coverage of the Pradhan Mantri Surya Ghar Muft Bijli Yojana and also in the Pradhan Mantri Swachh Bharat Yojana.

UP, Awasthi said, is also the no. 1 producer in the country of foodgrain, potato production, milk production, and peas.

This story is from the November 29, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 29, 2024 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Business Standard

EAM: Committed to fair plan on boundary issue with China

India remains committed to engaging with China to arrive at a fair and mutually acceptable framework for boundary settlement.

time-read
1 min  |
December 04, 2024
Business Standard

Buy on dips, temper return expectations after strong runup

Goldman Sachs expects gold to reach $3,150 per ounce in the international market by December 2025, up around 19.1 percent from its current level of $2,645, according to a recent report in Business Standard.

time-read
2 mins  |
December 04, 2024
Business Standard

Sebi directs Trafiksol to refund investors' money within a week

The Securities and Exchange Board of India (Sebi) on Tuesday directed Trafiksol ITS Technologies to refund the money paid by investors who had been allotted shares in the initial public offering (IPO).

time-read
1 min  |
December 04, 2024
APSEZ to ride volume, market-share wave
Business Standard

APSEZ to ride volume, market-share wave

Port operator aims to double its volumes to 1 billion tonnes by 2029

time-read
2 mins  |
December 04, 2024
Business Standard

Godrej Properties raises ₹6K cr via QIP

Godrej Properties has raised ₹6,000 crore through a qualified institutional placement (QIP), making it the largest such fundraise by a real estate company in India.

time-read
1 min  |
December 04, 2024
Business Standard

SBI MF launches multi-factor quant fund

SBI Mutual Fund (MF) on Tuesday announced the launch of SBI Quant Fund, which will take a multi-factor investment approach to allocate across the four 'style' baskets, which are momentum, value, quality, and growth.

time-read
1 min  |
December 04, 2024
Business Standard

Sebi for online monitoring of stockbrokers' system audit

Market regulator Securities and Exchange Board of India (Sebi) on Tuesday proposed online monitoring of stockbrokers' system audit by the stock exchanges.

time-read
1 min  |
December 04, 2024
Better execution needed to justify valuation for NTPC Green Energy
Business Standard

Better execution needed to justify valuation for NTPC Green Energy

NTPC Green Energy (NGEL) has gained over 30 per cent since its initial public offering (IPO) was launched at ₹108 a few days ago.

time-read
2 mins  |
December 04, 2024
Markets extend winning streak to 3rd day
Business Standard

Markets extend winning streak to 3rd day

The benchmark Sensex and the Nifty rose for a third straight trading session on Tuesday—the longest gaining streak since September—buoyed by gains in HDFC Bank and Reliance Industries, the two highest-weighted stocks.

time-read
1 min  |
December 04, 2024
India's mcap-to-GDP ratio third-highest despite correction
Business Standard

India's mcap-to-GDP ratio third-highest despite correction

The ratio of market capitalisation to gross domestic product (GDP) in India remains elevated despite the recent correction in the equities markets.

time-read
2 mins  |
December 04, 2024