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Gracious Assam
Overview of the State
Assam - the Investment Climate
Origin
The Place & People
Places to See
Socio Economic Profile
State Indices
Traveler's Tips and Resources
How to Reach and where to Stay
Socio Economic Profile

Within the last few years Assam has moved from a 2% growth rate in GDP to an 8% growth. It is the largest economy of the North East India and is rapidly making strides towards employment generation and inclusive growth by a balanced pattern of industrial investment. The sectoral contribution to the NSDP (Net State Domestic Product) reveals that in Assam more than 30 per cent of the contribution is from agriculture and allied activities. This is much higher than the sector’s contribution to India’s GDP.

Assam is the largest producer of tea in India. Agriculture, Fisheries and Sericulture are the important economic sector of the state.

The state accounts for about 15 per cent of India’s crude oil output from the wells at Digboi, Duliajan, and Sivasagar. It also produces natural gas accounting for about 50 per cent of India’s total onshore production.

The economy of the State in terms of Gross State Domestic Product (GSDP) at factor cost is expected to attain a growth rate of 7.97 per cent at constant (1999-2000) prices as per Advance Estimates in 2007-08 as against the growth rate of 7.57 per cent estimated as per Quick Estimates. The growth rate of 7.97 per cent in GSDP has been expected mainly due to the considerable growth rates of (over 4 percent) in the sectors of ‘Manufacturing’, ‘Electricity, Gas & Water Supply’, ‘Transport’, ‘Storage and Communication’, ‘Banking & Insurance’, ‘Public Administration’ and ‘Other Services’. The Primary Sector including ‘Agriculture’ (2.29%) is likely to show a growth rate of around 2.00 per cent which is lower than the previous year’s growth of 2.79 per cent. In Secondary Sector, growth expected is 3.70 per cent as against 5.15 per cent in 2006-07 while the Service Sector growth is likely to attain the level of 13.06 per cent in Advance Estimates as against the 11.60 per cent achieved during 2006-07 as per Quick Estimates. At current prices, a growth of 11.79 per cent is expected in 2007-08 (Advance Estimated) as against 13.02 per cent growth recorded in the previous year. As per Advance Estimates the Per Capita Income is expected to reach the level of Rs.16624 at constant (1999-2000) prices and Rs.22081 at current prices as against previous year’s Per Capita Income of Rs.15623 and Rs.20166 at constant (1999-2000) prices and at current prices respectively. A growth of 6.40 per cent and 9.50 per cent is expected in real term (Base 1999-2000) and at current prices as compared to the previous year 2006-07. As per Quick Estimates of 2006-07 the growth rate in Per Capita Income is worked out at 5.66 per cent at Constant (1999-2000) prices and 10.73 per cent at Current Prices. The state of economy as observed from the estimates of the State Domestic Product is encouraging and in better position than before.




Site Last Updated on : January 22, 2017