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Assam: August 2012

August, 2012

Assam is India's gateway to the Northeast as well as to the neighbouring countries of Myanmar, China, Bangladesh, Nepal and Bhutan, providing a vital link for trade with the Southeast Asian countries. 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 the largest economy of the Northeast region. It is the most industrially advanced state in the Northeast India, because of its comparative proximity to the rest of the country and availability of infrastructure.

Assam is rich in natural resources such as natural oil and gas, rubber, tea, and minerals such as granite, limestone and kaolin. Assam Tea is a well recognised product, the world over.

With its pleasant climate and scenic landscape, Assam is a popular tourist destination. The state offers visitors a variety of choices from world heritage (leisure) sites to temples and monuments. Assam is becoming an increasingly popular destination for wild-life tourism. Kaziranga National Park and Manas National Park are registered as world-heritage sites.

The per capita GSDP of the state grew at a compound annual growth rate (CAGR) of 9.1 per cent between 2004-05 and 2011-12. According to the Department of Industrial Policy and Promotion (DIPP), foreign direct investment (FDI) inflows amounted to US$ 73 million from April 2000 to January 2012, which includes FDI inflows for Reserve Bank of India's (RBI's) Guwahati region, comprising of Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura.

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