Tracing State’s economic trajectory over recent years, Finance Minister Jagdish Devda released the Madhya Pradesh Economic Survey 2025-26 in the Assembly on Tuesday. The survey reported that the State’s Gross State Domestic Product (GSDP) at current prices reached Rs 16,69,750 crore, reflecting an 11.14 percent growth rate. Per capita income rose to Rs 1,69,050 at current prices, with the government aiming to double the GSDP by 2028-29. GSDP at constant prices grew by 8.04 per cent to Rs 7,81,911 crore, up from Rs 7,23,724 crore in the previous year. Sectoral performance indicates, growth rate of primary sector registered 7.31 per cent while that of secondary is at 9.93 per cent at current prices and 6.87 percent at constant prices and third with a growth rate of 15.80 per cent at current prices and 12.07 per cent at constant prices. Expressing his views on the Survey Deputy Chief Minister Devda said that economic expansion is not merely the result of price increases, but rather of growth in actual production and activity. The State has registered a significant increase in per capita income.

 

Per capita income at current prices, which was Rs 38,497 in 2011-12, has increased to Rs 1,69,050 in 2025-26. Madhya Pradesh presents a perfect example of balanced development. State of the Economy: The key highlights includes State’s reform momentum over the past decade has enhanced its resilience to current economic direction, with a strategic focus on Central Government’s vision to make the Viksit Madhya Pradesh. Notably, Chief Minister has already pitched for the State as a prime investment hub to reach a $2.1 trillion economy by 2047. Meanwhile, the Opposition party, alleging a serious financial crisis, is demanding a white paper on the State’s economic condition during the ongoing budget session. They are focusing on financial management in view of the State’s mounting debt, suggesting a specific need for the Government to address these concerns. Key Highlights of the 2025-26 Economic Survey: 1. In FY 2025–26 (Advance Estimates), the GSDP of Madhya Pradesh at current prices is estimated at Rs 16,69,750 crore, reflecting a growth of 11.14 per cent over Rs 15,02,428 crore in FY 2024–25 (Quick Estimates). 2.

 

In FY 2025–26 (Advance Estimates), the GSDP at constant (2011–12) prices is estimated at Rs 7,81,911 crore, indicating a real growth of 8.04 per cent over Rs 7,23,724 crore in FY 2024–25 (Quick Estimates). 3. During the period from FY 2011–12 to FY 2025-26, the per capita net income of Madhya Pradesh increased from Rs 38,497 to Rs 1,69,050 at current prices and from Rs 38,497 to Rs 76,971 at constant (2011–12) prices, indicating a significant improvement in real income levels. 4. In FY 2025–26 (Advance Estimates), the sectoral composition of Gross State Value Added (GSVA) at current prices indicates that the primary sector contributed 43.09 percent, the secondary sector 19.79 percent, and the tertiary sector 37.12 percent. 5. At constant (2011–12) prices, the respective shares stood at 33.54 per cent for the primary sector, 26.18 percent for the secondary sector, and 40.28 per cent for the tertiary sector. 6. In FY 2025–26, the share of the primary sector in GSVA stood at 43.09 per cent at current prices. The total value of the sector increased from Rs 6,33,532 crore in FY 2024–25 (Quick Estimates) to Rs 6,79,817 crore in FY 2025–26 (Advance Estimates), reflecting a growth rate of 7.31 percent. 7. In FY 2025–26, within the primary sector, crops constituted the largest component with a share of 30.17 percent, followed by livestock at 7.22 per cent, forestry at 2.13 percent, fishing and aquaculture at 0.61 percent, and mining and quarrying at 2.96 per cent. 8. In FY 2025-26, the share of the secondary sector in GSVA stood at 19.79 per cent at current prices and 26.18 percent at constant (2011–12) prices.

 

The total GSVA of the secondary sector increased from Rs 2,84,125 crore in FY 2024–25 (Quick Estimates) to Rs 3,12,350 crore in FY 2025–26 (Advance Estimates), registering a growth rate of 9.93 percent at current prices and 6.87 per cent at constant prices. 9. In FY 2025–26, within the secondary sector, construction emerged as the leading component with a share of 9.22 per cent, followed by manufacturing at 7.22 percent, and electricity, gas, water supply and other utility services at 3.35 per cent. 10. In FY 2025–26, the share of the tertiary sector in GSVA stood at 37.12 per cent at current prices and 40.28 percent at constant (2011–12) prices. The total GSVA increased from Rs 5,05,679 crore in FY 2024–25 (Quick Estimates) to Rs 5,85,588 crore in FY 2025–26 (Advance Estimates), reflecting a growth rate of 15.80 per cent at current prices and 12.07 per cent at constant prices. 11. In FY 2025–26, within the tertiary sector, trade, repair, hotels and restaurants accounted for the largest share at 10.35%, followed by other services at 7.80%, real estate, ownership of dwellings and professional services at 4.98%, public administration at 4.96%, financial services at 3.73%, transport and storage at 2.80%, communication and broadcasting-related services at 1.68%, and railways at 0.82%.