Assam Among Top 5 Fastest Growing States in India: CM Himanta Sarma Highlights Economic Growth
Assam has made remarkable progress in recent years and is now considered one of the fastest growing states in India. Chief Minister Himanta Biswa Sarma proudly shared this achievement at a recent event, highlighting the state’s impressive growth in terms of Gross State Domestic Product (GSDP) and per capita income. In 2023-24, Assam recorded a GSDP growth of 13.9% and a 12.84% increase in per capita income, making it one of the top five fastest-growing states in the country.
Assam’s Remarkable Economic Growth in 2023-24
At the event, CM Himanta Sarma reflected on Assam’s economic progress over the last two to three years. He noted that despite various challenges, Assam has emerged as a leader in economic growth. The state’s GSDP growth of 13.9% is a clear indicator that it is on a strong upward trajectory, positioning it among the top five fastest growing states in India. Additionally, the state saw an impressive 12.84% growth in per capita income during the same period, further contributing to its rise as an economic powerhouse.
The Chief Minister emphasized that while many states across India have shown growth, Assam’s performance stands out due to its consistent improvement and focus on boosting its economy.
Assam’s Progress in Reducing Unemployment
In addition to its economic growth, Assam has also made significant strides in reducing unemployment. The state’s unemployment rate dropped from 8% to 6% in the past year, a notable achievement in the current economic landscape. CM Sarma proudly pointed out that Assam is one of the few states in India that has successfully reduced unemployment during this time. He mentioned that no other state in the country has been able to achieve such a reduction, reinforcing Assam’s position as a leading state in both economic growth and employment.
Investment-Friendly Policies Driving Assam’s Growth
One of the key factors behind Assam’s rapid economic growth is the state’s investment-friendly policies. According to CM Himanta Sarma, Assam has implemented several measures to encourage both public and private investments. These policies have not only attracted large-scale investments but have also made Assam a desirable destination for investors looking for opportunities in India.
Sarma shared the exciting news that Assam will soon house India’s first semiconductor assembly unit. This massive project will involve a ₹50,000 crore investment, with Tata contributing ₹27,000 crore to the semiconductor unit. The investment is expected to generate 27,000 direct and indirect employment opportunities, further boosting the state’s economy and solidifying its status as one of the fastest growing states in India.
Assam’s Role in the Biorefinery Sector
Assam is also making a significant impact in the biorefinery sector. CM Sarma revealed that Reliance has chosen Assam as one of the locations for its biorefinery projects. The company plans to set up six biorefineries across the country, and Assam has been selected as one of the states to host this initiative. This development is another sign of Assam’s growing importance on the national stage and its ability to attract major investments in various industries.
The establishment of biorefineries is expected to create numerous job opportunities and contribute to the state’s economic growth. It also highlights Assam’s potential to become a hub for sustainable and innovative industries.
Assam’s Commitment to Future Growth
Chief Minister Himanta Sarma’s vision for Assam extends beyond its current achievements. He is committed to ensuring that Assam continues to grow and thrive as one of the fastest growing states in India. The government’s focus on fostering investments, creating employment opportunities, and implementing progressive policies has already led to significant improvements in the state’s economy.
Looking ahead, Assam is expected to maintain its momentum and attract even more investments. The state’s strategic initiatives, combined with its commitment to reducing unemployment and promoting sustainable industries, will play a crucial role in driving future growth.
Conclusion: Assam’s Rise as an Economic Powerhouse
Assam’s impressive economic growth in 2023-24, with a 13.9% GSDP increase and 12.84% rise in per capita income, has earned it a spot among India’s top five fastest growing states. Under the leadership of Chief Minister Himanta Biswa Sarma, the state has not only improved its economy but also reduced its unemployment rate, showcasing its potential as a leading state in the country.
With significant investments in sectors such as semiconductor assembly and biorefinery, Assam is positioning itself as an investment-friendly and forward-thinking state. Its continued focus on economic development and employment generation makes it a key player in India’s overall growth story.
As Assam continues to attract investments and implement policies that encourage growth, it is well on its way to becoming a major economic force in India. CM Himanta Sarma’s commitment to driving progress will undoubtedly ensure that Assam remains one of the fastest growing states for years to come.
If you have any news which you want to share, you can send us, we will post it on our platform Click here
Panjabi, Bollywood, Hollywood (English & Dubbed) movies online, Click here
