Assam Becomes Third Fastest Growing State Of India With 7.94% GDP Growth

GUWAHATI: Chief Minister Himanta Biswa Sarma on Tuesday announced that Assam currently happens to be the third-fastest growing state of India with a GDP growth rate of 7.94% at constant prices.

CM Sarma took to his official X handle to inform about this significant achievement, attributing the state's constant growth to the government's pro-investor policies and continued investments in infrastructure, institutions & individuals.

Reflecting on the state's rapid transformation, the Assam CM went on to claim that this meteoric rise seemed far-fetched a few years ago.

According to government data, the economic indicators of the state have witnessed a sharp rise. The per capita GSDP of Assam is estimated at Rs. 1,58,807 at current prices in 2023-24, marking a 19% increase over the previous year. In comparison, India's per capita GDP for the same period stands at Rs. 2,15,935.

In a proud moment for the state, Assam has consistently surpassed the national average in recent years.

As per the data from the Ministry of Statistics and Programme Implementation (MoSPI) and the Reserve Bank of India (RBI), the GSDP growth of Assam stood at approximately 13.4% in FY 2021-22 against India's 8.7%.

The following fiscal year saw Assam clocking an estimated 9.1% growth as compared to India 7.2%. As far as the FY 2023-24 is concerned, Assam is projected to maintain its high single-digit growth rate, likely outperforming the national average again.

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