Economy of Madhya Pradesh

Economy of Madhya Pradesh comprises of agriculture and industries of Madhya Pradesh. In fact, industries and agriculture form the backbone of economy of Madhya Pradesh, whereas the supporting bones are mining, tourism and banking.

Precisely speaking, the economy of Madhya Pradeshis divided into five different heads, namely:
  • Agriculture
  • Industries
  • Mining
  • Tourism
  • Banking and Finance


Talking about the first aspect of the economy of Madhya Pradesh, we can mention that Madhya Pradesh is an agricultural state where the main occupation of the people is agriculture.

In spite of the growth of industries, agriculture is moving steadily in the economic backdrop of the state.

Some of the important crops that are vital to agriculture in Madhya Pradesh are follows, along with a study of their average production (in kilogram per hectare):
  • Rice - 1,058
  • Wheat - 1,867
  • Javar - 1,342
  • Gram - 932
  • Soybean - 1,132
  • Sugarcane - 4,215
  • Cotton - 557
In Madhya Pradesh, about 74.73% of people come from villages who are far from the influence of industrialization. True, that Madhya Pradesh is unhinged by industrialization - mechanization has indeed seeped in, but the rustic feel is still there with the prevalence of agriculture.

ybean - 47.09.
  • Total Oil Seeds (including Soybean) - 55.86.
  • Sugarcane - 2.18.
  • Cotton - 6.58.

    The Government of Madhya Pradesh first formulated a Madhya Pradesh Mineral Policy in 1995. Mining and mineral wealth considerably contributes to the development of the state and thus, the nation. The Government of India announced a National Mineral Policy in respect of non-fuel and non-atomic minerals in 1993.

    Pre-bifurcation Madhya Pradesh contained vast mineral deposits and the scope of mining was immense. However when the state was divided in 2002, deposits of minerals like Iron ore, Tin ore, Corundum, Coal, Limestone, Dolomite and Bauxite passed over to Chhattisgarh. So it became imperative to introduce a new mining policy to mark formerly unidentified mineral deposits and ensure mining takes place scientifically to maintain environmental balance.

    Mining in Madhya Pradesh seeks :
    • to unearth new mineral deposits by current techniques.
    • to modify rules so that minor mineral quarries are distributed without auction to co-operative societies of members of Scheduled    Castes, Scheduled Tribes and traditional miners.
    • to conduct systematic, scientific exploitation of minerals.
    • to prioritize minerals with minimum ill effects on environment and forest resources.
    • to promote research and development of minerals.
    • to develop mineral based industries.
    • to promote export of minerals.
    • to enhance employment opportunities in the mining sector.
    • to create a mining advisory board.

    General mining surveys are conducted by the Geological Survey of India while elaborate surveys are undertaken by the State Directorate of Geology and Mining. The survey of minerals valuable in the market and having export potential are conducted on priority basis.

    Private individual organizations with excellent financial status and technical skills are inspired to take up prospecting projects for diamond, gold and other precious minerals.

    Some of the integral minerals mined in Madhya Pradesh are:
    • diamonds
    • coal
    • bauxite
    • copper
    • manganese
    • limestone
    • iron ore
    • dolomite
    • rock phosphate etc.

    Madhya Pradesh tourism offers some very popular tourist spots. The main attractions of Madhya Pradesh tourism are Khajuraho temples in the northern part and Bandavgarh and Kanha in the eastern region.

    The latter two are included in India's finest game sanctuaries. Buddhist stupa of Sanchi and 15th-16th century citadels of Mandu in the southwestern part of Madhya Pradesh are worth visiting.Madhya Pradesh tourism offers a lineage of cultural heritage of Hinduism, Buddhism, Jainism, and Islam. Spectacular monuments, temples, stupas, forts and palaces are spread all over the state. Madhya Pradesh has enormous mountain ranges, meandering rivers and stretches of dense forests which offer a variety of wildlife in sylvan surroundings.

    Monuments of Madhya Pradesh Tourism:

    Wildlife of Madhya Pradesh Tourism:

    Wildlife like tigers, spotted deer, wild boar, gaur and hundreds of species of birds roam free in the bamboo and sal forests of Kanha, Shivpuri, Panna and Bandhavgarh.

    Last Updated on : 14th March 2013

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