New Delhi, Sept. 4 -- New Delhi: Uttar Pradesh plans to step up spending on high-tech industries and infrastructure while sticking to strict borrowing limits, finance minister Suresh Kumar Khanna said in an interview with Mint, as the most populous state seeks to market itself as an industrial hub.

Khanna added that Uttar Pradesh remains a revenue-surplus state, giving the government fiscal space to pursue development while keeping its finances under control.

The state projects its budget deficit will remain under the mandatory 3% of gross state domestic product (GSDP) threshold for the upcoming fiscal year, supported by a forecast revenue surplus of Rs.64,458 crore. Capital expenditure is slated to expand by 11% to Rs.1.78 trillion, ev...