Amid the Uttar Pradesh government’s push for a trillion-dollar economy by 2029, the Samajwadi Party (SP) on Wednesday (December 24, 2025) ridiculed the target, claiming that a lack of serious pro-growth policies to address structural economic issues make the trillion-dollar target implausible and impossible. The SP said that U.P.’s per capita income remains at roughly half the national average with agriculture still accounting for just over one-fifth of Gross State Domestic Product (GSDP) but employing over half the workforce, indicating massive productivity gaps in the agricultural sector. “U.P.’s GSDP was ₹22.57 lakh crore in 2022-23, approximately $271 billion at 2023 exchange rates and only ₹25.48 lakh crore in 2023-24. Reaching $1 trillion by 2029 requires sustained real growth of 30% plus annually—far above Uttar Pradesh’s historical performance and India’s national average. Between 2012-13 and 2021-22, U.P.’s real GSDP grew at just 5.3% annually, below even the national average of 5.6% let alone the required rate, despite U.P. benefitting from an incomparable demographic dividend and central government investment,” the party said in a statement. The State …