What is the contribution of Assam in Indian economy?

What is the contribution of Assam in Indian economy?

What is the contribution of Assam in Indian economy?

At current prices, Gross State Domestic Product (GSDP) of Assam is estimated to reach Rs. 4.09 trillion (US$ 55.14 billion) in 2020-21. The GSDP of the state grew at a CAGR (in Rs.) of 12.38% between 2015-16 and 2020-21BE.

Which state in India contribute most in GDP?


Rank State/Union Territory Nominal GDP ₹ lakh crore = INR trillions; USD billions
1 Maharashtra ₹32.24 lakh crore (US$430 billion)
2 Tamil Nadu ₹22.44 lakh crore (US$297 billion)
3 Uttar Pradesh ₹17.05 lakh crore (US$240 billion)
4 Gujarat ₹16.48 lakh crore (US$230 billion)

Is Assam a rich state?

With 32.67 percent, Assam is the poorest state in the Northeast, following after Nagaland (10th with 25.23 percent), Arunachal Pradesh (11th with 24.27 percent), Manipur (14th with 17.89 percent), Tripura (16th with 16.65 percent), and Mizoram (17th with 16.65 percent) (22nd with 9.80 percent ).

What is the GDP growth of Assam?

The Gross State Domestic Product (GSDP) of Assam for 2021-22 (at current prices) is projected to be Rs 3,77,102 crore. This is an annual increase of 4% over the GSDP of 2019-20. The GSDP for 2021-22 is estimated to be 0.9% higher than the revised estimate of GSDP for 2020-21 (Rs 3,73,872 crore).

What is the largest source of revenue of Assam?

State GST is expected to be the largest component of Assam’s tax revenue. It is expected to contribute Rs 10,529 crore.

  • Sales tax is the second largest component of tax revenue of the state.
  • Further, the government is expected to generate Rs 1,300 crore through state excise duty.
  • Why is Assam in poverty?

    The lower level of poverty in upper compared to lower Assam is mainly due to higher urbanization. Also two big industries- Petroleum and Tea are concentrated in upper Assam. In upper Assam, poverty is also linked to the flooding of Brahmaputra, which in one sweep can push families into poverty overnight.

    What is the economy of Assam?

    The economy of Assam continues to be predominantly agrarian. The dependence of rural labour force on agriculture and allied activities was nearly 53 per cent as per Population Census, 2001. During 2004-2005 the productivity of Summer Rice has increased to 1959 Kg. per hectare as against 1794 Kg.