Nagaland’s agro-climatic conditions favour agriculture, horticulture and forestry, offering immense potential in these areas. The state has considerable resources of natural minerals, petroleum and hydropower.
The state provides institutional support through various central and state government agencies viz., North East Council, Ministry of Development of North Eastern Region and Nagaland Industrial Development Council. The state offers excellent policy and fiscal incentives for agro-and forest-based industries, horticulture, food processing, mining, tourism and the handlooms and handicrafts sector.
At current prices, the Gross State Domestic Product (GSDP) of Nagaland was about US$ 1.42 billion in 2006-07. Nagaland’s GSDP grew at a compound annual growth rate (CAGR) of 13.1 per cent between 1999-2000 and 2006-07.
According to the Reserve Bank of India (RBI), FDI inflows from April 2000 to May 2010 amounted to US$ 64 million*. As of March 2010, of the total outstanding investments of US$ 664.9 million, services (excluding financial services) accounted for 57.9 per cent followed by energy sector (around 39.9 per cent).
*FDI inflows for RBI’s Guwahati region, which comprises Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura.State Presentation (November 2010)
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