Meerut GDP 2027
Meerut GDP 2027

Market Size

  1. One of the important parameters of growth and its sustainability is the market size because that determines local support that the producers can expect and the minimum threshold. The overall market size of Meerut for a variety of products was Rs. 8758 crores in 2011-12 for major products. However, assuming private final consumption expenditure at 55 per cent of GSDP, the total market size in 2021-22 could be estimated to be nearly of rupees thirty thousand crore.

Table 10: Market Size (Rs million) and per capita expenditure (Rupees) in 2011-12

Items Per Capita Market Size Item Per Capita Market Size
Cereals & pulses 203.12 8389 Fuel & Power 164.5 6798
Milk & Milk Products 289.98 11983 Cloth & Foot wear 119.37 4933
Sugar & Salt 56.03 2315 Education 105.92 4377
Edible Oils 63.39 2620 Health 327.39 13942
Egg, Meat & Fish 39.61 1637 Rent 48.22 1993
Vegetables & Fruits 160.04 6613 Consumer Durables 33.48 1384
Other Food 106.21 4388 Others 337.12 13524
Processed Food 64.94 2683 Total 2119.32 87579

[Source: Uttar Pradesh- District Fact Book: India state Publications 2022]

Size of the market is indicative of the local demand in Meerut. However, given its location and economic structure of production and services, particularly the manufacturing and professional services, there are opportunities for trade outside the district and even exports.