Economy of Madhya Pradesh

Economy of Madhya Pradesh state in India

Macro-economic trend

Following is a table showing trend of gross state domestic product of Madhya Pradesh at market prices [http://mospi.nic.in/mospi_nad_main.htm estimated] by "Ministry of Statistics and Programme Implementation" with figures in millions of Indian Rupees.

Madhya Pradesh's gross state domestic product for 2004 is estimated at $32 billion in current prices. After partition, the new Madhya Pradesh state produces about 70% of the output of the old Madhya Pradesh state - the rest is produced by Chattisgarh.

Agriculture

This is a chart of output of major commodities of Madhya Pradesh.

Industry

Only one "S&P CNX 500" conglomerate has its corporate office in Madhya Pradesh "viz." Ruchi Soya Industries (2005 gross income Rs.49,661 million).Many Agricultural Industries and Engineering Industries.

Minor forest produce

MFP from the forests, such as Tendu leaves used to roll bidi's, Sal seed, teak seed and lak are a major contributor to the rural economy of the state.MFP-PARC (Minor Forest Produce - Processing & Research Centre) is located in the state capital - Bhopal. MFP-PARC [http://www.www.mfpfederation.com] is a unit of M P Minor Forest Produce (Trading & Development) Co-operative Federation Limited."Vindhya Herbals" is the brand of various ayurvedic, herbal & fruit products produced by M P MFP Federation. Apart from MFP-PARC, these products are also produced in Rehti (Sehore District), Barman (Narsinghpur District), Katni, Panna & Dewas in Madhya Pradesh. Some more processing centres are in the pipeline.