The natural resources, climatic conditions and policy incentives in Nagaland support investments in industries related to bamboo, sericulture, tourism and agro-processing.
At current prices, the Gross State Domestic Product (GSDP) of Nagaland was about US$ 1.27 billion in 2005-06. Nagaland's GSDP grew at a CAGR of 12 per cent between 1999-2000 and 2005-06.
The tertiary sector is the largest contributor to Nagaland's economy (60.8 per cent in 2005-06), followed by the primary sector (37.4 per cent). The tertiary sector grew at a CAGR of 10.6 per cent from 1999-2000 to 2005-06, driven by trade, real estate, transport and telecommunications.
The primary sector has been the fastest growing, at a CAGR of 15.5 per cent from 1999-2000 to 2005-06.It was driven by agriculture and mining. The secondary sector has been steadily growing at a CAGR of 9.4 per cent, owing to the state's industrialisation. The state's per capita GSDP in 2005-06 was US$ 512.8. Per capita GSDP increased at a CAGR of 6.6 per cent between 1999-2000 and 2005-06. Trade, transportation, communication and agriculture have been the key drivers of the growth in per capita GSDP.State Presentation (April 2010)
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