Madhya Pradesh budget and economy
Farming is the backbone of Madhya Pradesh's economy. The state is one of India's largest producers of soybean and a leading producer of wheat and pulses. It also has rich forests and minerals, including India's only working diamond mine at Panna and copper at Malanjkhand.
Key figures
| GSDP, 2026-27 (budget projection, current prices) | Rs 18.48 lakh crore (11% more than 2025-26) |
|---|---|
| Real growth, 2024-25 (constant prices) | 6 per cent |
| Share of the economy, 2024-25 | agriculture 44%, industry 19%, services 37% |
| Per capita GSDP, 2024-25 (current prices) | Rs 1,70,430 |
GSDP (gross state domestic product) is the value of all goods and services produced in the state in a year. Real growth leaves out the effect of rising prices.
Sources
Figures: the Madhya Pradesh budget for 2026-27 and MoSPI estimates, as summarised by PRS Legislative Research (linked below).
Reference links
- PRS Legislative Research: Madhya Pradesh Budget Analysis 2026-27: summary of the state budget
- Ministry of Statistics and Programme Implementation: official GDP and state GSDP estimates
- Reserve Bank of India: Handbook of Statistics on Indian States: official state-wise economic data