Fitch Group hails Assam’s growth trajectory, ranks state among top 3 in India

The Northeast Dialogue
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Assam's journey of progress has been further marked by a fresh wave of recognition. This time, the spotlight is on Assam for its commendable performance in the latest review by India Ratings and Research, a part of the Fitch Group.

                


Assam CM Himanta Biswa Sarma tweets, "Another thumbs up for Assam, this time from Fitch Ratings, India Ratings. In the last 5 years since Covid19, Assam has recorded an average GSDP growth of 7% - making us among the TOP 3 states driving India’s economic recovery..." 


In the post-COVID era, Assam has recorded an impressive average growth of 7% in its Gross State Domestic Product (GSDP) at constant prices over the last five years. This strong growth momentum has placed the state among the top three in India in terms of economic revival.

By consistently maintaining a high growth trajectory over five consecutive years, Assam has carved out a place for itself among the country's fastest-developing states. In this period, the state’s GSDP has almost doubled—fueled by substantial domestic investments and the successful attraction of ₹200 crore in direct foreign investment.

Today, Assam is making all-out efforts to position itself as a significant force in the nation’s development journey. If this momentum continues over the next five years, the state's GSDP is poised to surpass ₹10 lakh crore, marking a historic milestone. With this, Assam is also on track to become one of India’s top five states in terms of growth and contribution.

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