Assam Emerges as India’s Third Fastest-Growing State with 7.94% GDP Growth
Why in News?
- Assam has been recognized as India’s third fastest-growing state, achieving a Gross State Domestic Product (GSDP) growth rate of 7.94% at constant prices. This significant economic milestone was announced by Chief Minister Himanta Biswa Sarma on April 8, 2025.
Important Key Points:
1. Third Fastest-Growing State in India
- Assam recorded a 7.94% GDP growth rate at constant prices.
- It ranks as the 3rd fastest-growing state in the country.
2. Official Announcement
- The announcement was made by Chief Minister Himanta Biswa Sarma on April 8, 2025.
3. Pro-Investor Policies
- Assam’s business-friendly policies and efforts to ease investment have significantly contributed to the growth.
4. Infrastructure Development
- Massive investments in roads, bridges, industrial parks, and digital connectivity have boosted economic activities.
5. Focus on Human Capital
- Emphasis on education, healthcare, and skill development programs helped improve productivity and employment.
6. Strategic Economic Planning
- Targeted economic strategies focusing on agriculture, tourism, industry, and services have diversified Assam’s economy.
7. Regional Impact
- This growth highlights Assam’s emergence as a key economic player in Northeast India, attracting attention nationally.
