Assam State Became The Fastest Growing Economy; In The List Of Gross State Domestic Product

Share

Assam stood as one of India’s fastest growing state economies over a period of five years reported by the Reserved bank of India on Gross State Domestic Product. According to the survey Assam’s economy expanded by 45% between FY20 and FY25, outpacing all other major states and significantly exceeding the national growth rate during the same period. Assam has emerged as India’s fastest-growing state economy over the last five years, underscoring the Northeast’s rising contribution to national growth. The state’s GSDP rose from Rs 2.4 lakh crore in FY20 to Rs 3.5 lakh crore in FY25, driven by agriculture, oil and gas, and a sharp increase in infrastructure investment across the Northeast. At the national level, India’s real GDP increased from Rs 145.35 lakh crore in FY20 to Rs 187.97 lakh crore in FY25, marking a 29% rise over five years. Against this backdrop, RBI data show that the top ten fastest-growing major state economies recorded growth of up to 45%, comfortably outpacing the national average. Assam’s performance reflects a broader shift in India’s growth story, where economic expansion is no longer concentrated in a few regions but is being powered by multiple states. Tamil Nadu ranked second after Assam, posting 39%  followed by Karnataka with 36% growth, with its economy expanding from Rs 11.5 lakh crore to Rs 15.7 lakh crore, anchored by technology services, startups, biotechnology, and advanced manufacturing. Uttar Pradesh 35% with GSDP rising from Rs 11.7 lakh crore to Rs 15.8 lakh crore, supported by its large domestic market, agriculture, and expanding industrial and logistics infrastructure. Rajasthan posted 34% growth, and the economy expanded from Rs 6.8 lakh crore to Rs 9.1 lakh crore, led by mining, renewable energy, tourism, and cement production. Bihar and Andhra Pradesh both registered 33% growth. Bihar’s GSDP increased from Rs 4.0 lakh crore to Rs 5.3 lakh crore, largely driven by agriculture and services, while Andhra Pradesh grew from Rs 6.5 lakh crore to Rs 8.7 lakh crore, supported by agriculture, ports, logistics, and food processing. Chhattisgarh and Jharkhand recorded 31% growth each. Chhattisgarh’s economy expanded from Rs 2.5 lakh crore to Rs 3.3 lakh crore on the back of mining, power generation, and steel, while Jharkhand’s GSDP rose from Rs 2.3 lakh crore to Rs 3.0 lakh crore, supported by minerals and heavy industries. Telangana completed the top ten with 30% growth, as its GSDP increased from Rs 6.4 lakh crore to Rs 8.4 lakh crore, driven by information technology, pharmaceuticals, and urban services.

Leave a Reply

Your email address will not be published. Required fields are marked *