GSDP in Assam in three years
Staff Reporter
New Delhi: Chief Minister Dr. Himanta Biswa Sarma outlined Assam's growth trajectory and plans to build a Rs 10-lakh crore GSDP (Gross State Domestic Product) in the next three years.
The Chief Minister met Union Finance Minister Nirmala Sitharaman at her North Block office in New Delhi today. He also met Union Education Minister Dharmendra Pradhan.
The Chief Minister apprised the Union Finance Minister of the rapid strides made by Assam on the economic front following a slew of initiatives taken by the state government to mobilize resources and generate revenue, resulting in the state emerging as one of the country's fastest-growing states.
Union Finance Minister Sitharaman appreciated the initiatives taken by the state government to bolster the economy of the state and the country as a whole. She assured the Chief Minister of extending all possible help and support in the days ahead.
Later, taking to X, the Chief Minister said, "It was a privilege to call upon Hon'ble Finance Minister Smt @nsitharaman Ji today in New Delhi. We had a good discussion on Assam's growth trajectory, how it has emerged among the country's fastest-growing states and on our plans to build a Rs 10 lakh crore GSDP by 2027-2028."
The Chief Minister said, "During my meeting with Dharmendra Pradhan, we discussed the deadline for implementation of the new IIM campus in Guwahati. Guwahati will soon be one of the few cities in India that are homes to IIT, AIIMS, and now IIMs."
The GSDP of Assam at current prices in 2021-22 was Rs 4.10 lakh crore, which is projected to increase to Rs 7.41 lakh crore in 2025-26. This corresponds to a compounded annual growth rate of 16 per cent over the five-year period from 2021-22 to 2025-26.
According to sources, the estimates of the state domestic product (SDP) reveal the extent and direction of changes in the levels of economic development of the state over a while. Economic performance is measured by the pace at which economic activity is growing in the country or a state. Assam, by that measure, is one of the high-performing states in the country. Higher economic growth helps in making the lives of people better. Assam is consistently performing better.
According to sources, Assam is firmly committed to transitioning toward a more diversified and resilient economy with sustained growth across multiple sectors. In recent years, the state has witnessed remarkable economic expansion driven by strategic investments, sectoral reforms and improved governance - laying a strong foundation for inclusive and sustainable development. Assam's fiscal health has seen major improvement due to prudent financial management witnessing rapid growth. Simultaneously, Assam maintains a positive revenue balance, ensuring that public investments are being used for economic growth-driving activities. Senior officials from the Ministry of Finance and the Government of Assam were present during the discussion.
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