About Assam: Tourism, Industries in Assam, Agriculture, Economy & Geography

Latest update: February, 2016

Economic Snapshot: GSDP of Assam

Assam's gross state domestic product (GSDP) was US$ 30.5 billion over 2014-15.

Economic Snapshot: GSDP of Assam

Economic Snapshot: NSDP of Assam

Assam's net state domestic product (NSDP) was US$ 26.5 billion over 2014-15

Break up of outstanding investments in Assam

 

Factfile

  • Capital:Dispur
  • Geographical Area (sq km):78,438
  • State Language:Assamese, Bodo, Bengali and English
  • Literacy Rate:72.2 per cent
  • Key Industries:Tea, coal, oil and gas, Limestone and Cement, agriculture, horticulture, food processing and tourism

Last Updated: February, 2016

ASSAM State Report | November, 2015

Assam is located in the northeast of India. The state shares its borders with Arunachal Pradesh, Nagaland, Manipur, Mizoram, Meghalaya, Tripura and West Bengal. The state shares international borders with Bangladesh and the Kingdom of Bhutan. Assam is India's gateway to Northeast India and acts as a vital link for trade with Southeast Asian countries. The state is known for its tea, petroleum resources, muga silk and bio-diversity. It is also becoming an increasingly popular destination for wildlife tourism.

At current prices, the Gross State Domestic Product (GSDP) of Assam was US$ 30.5 billion in 2014-15 while the average annual GSDP growth rate from 2004-05 to 2014-15 was 9.9 per cent. The 12th Five Year Plan estimates the growth rate to be around ten per cent overall, while estimating industry and services sub-sectors to grow at 9 per cent and 13 per cent respectively.

The state is rich in water resources and has vast tracts of fertile land. Assam is also the third-largest producer of petroleum and natural gas in the country and has ample reserves of limestone. With its five national parks and 18 wildlife sanctuaries, the state is a biodiversity hotspot. Other potential areas of investment include power and energy, mineral-based industries, tourism and crude oil refining.

Assam has adopted numerous investor-friendly policies to attract investments and accelerate industrial development. Key areas of focus include the IT, tourism and power sector along with several other initiatives such as the North East Industrial and Investment Promotion Policy (NEIIPP) 2007 and the Industrial and Investment Policy 2014. Assam stands 22nd among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.

Recent Developments:

  • The Government of India signed the agreement for third and last tranche of US$ 273 million loan, out of total US$ 800 million loan agreement with The Asian Development Bank (ADB), for constructing 6,000 kms of all-weather rural roads in Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal
  • The first passenger train was flagged off from Silchar to Guwahati that will ply on the newly converted Silchar-Lumding section in Assam

Factfile

  • Capital:Dispur
  • Geographical Area (sq km):78,438
  • State Language:Assamese, Bodo, Bengali and English
  • Literacy Rate:72.2 per cent
  • Key Industries:Tea, coal, oil and gas, Limestone and Cement, agriculture, horticulture, food processing and tourism