Assam economy: Gains and gaps

The state has recorded rapid growth and rising incomes in recent years, even as dependence on central support, rising debt-to-GSDP ratio and weak socioeconomic indicators continue to temper the progress.

- Yash Kumar Singhal explains

Assam Chief Minister Himanta Biswa Sarma recently cited Reserve Bank of India (RBI) data showing Assam as the fastest-growing state economy over the past five years, from 2019-20 (FY20) to FY25.

According to the data, Assam’s gross state domestic product (GSDP, at constant prices) grew by 45.33 per cent during this period, increasing from ₹2.4 trillion in FY20 to nearly ₹3.5 trillion in FY25 — the highest growth rate recorded by any Indian state in these five years. Over the same period, India’s overall GDP expanded by 29.33 per cent.