Nicknamed the “heart of India” due to its geographical location, Madhya Pradesh is apparently a fairly joyful place. State’s massive mineral, forest & diamond deposits and a sharp focus on judicious use of its resources turned agrarian-based economy towards industrial based economy. In last one decade, the State developed strong industrial base sectors in Bhopal, Indore, Jabalpur and Gwalior for textile, cement, steel, food processing, automobile and auto components, Pharma, renewable energy and optical fiber.
Largest producer of Aromatic Flowers, Pulses including Gram, Garlic and Gooseberry in India
Second Largest producer of Citrus fruits, Onion, Peas, Orange and Coriander in India
Second Largest producer of Wheat and third largest in Tomato, Custard and Apple and Rapeseed & Mustard in India
With several other irrigation projects underway, agriculture sector has potential for further growth in the state.
During 2006–11, the secondary and tertiary sectors grew faster than agriculture, outpacing the primary sector.
State’s Industrial Promotion Policy (IPP) 2014 incentives and its central location have attracted major investments to the tune of रु 2 lakh 50 thousand in the agro-products, consumer goods, drugs and pharmaceuticals, mines and minerals, manufacturing and textiles sectors
The Madhya Pradesh State Industrial Development Corporation Limited (MPSIDC) and its subsidiary, Madhya Pradesh Audyogik Kendra Vikas Nigam Limited (MPAKVN) are the key nodal agencies for industrial development in the state.
Services sector in the state has a growth of 8.1 per cent last year.
Trade, hotels and restaurants, which account one-fourth of the services sector, grew by 9.3 per cent in the year.
Finance, insurance, real estate and business services reported a combined growth of 12.4 per cent. Of this, banking and insurance has seen a good 18.3 per cent growth in the year.
Source: Economic Survey of Madhya Pradesh
Largest reserves of diamond producer state in India
Rich in natural resources: fuels, minerals, agriculture and biodiversity
India’s largest opencast coal reserves and coal-bed methane (7.7 percent of India’s coal reserves)
Largest opencast copper mine in India
Leading producer of Manganese, Dolomite , Glass Sand and Limestone