Sun Sep 15 17:24:14 UTC 2024: ## Assam Boasts Strong Economic Growth, Attracts Major Investments
**Guwahati, India** – Assam Chief Minister Himanta Biswa Sarma announced that the state has emerged as one of India’s top five fastest growing economies, registering a 13.9% growth in Gross State Domestic Product (GSDP) and a 12.84% increase in per capita income for the fiscal year 2023-24.
Sarma highlighted that Assam’s economic performance puts it among the top five states in terms of growth percentage, despite the size of its economy. He also pointed out that Assam’s unemployment rate has fallen from 8% to 6%, a feat unmatched by any other state in India.
“Our state is among the few in India that has continued to improve the economy,” Sarma said, attributing the success to proactive policies that have attracted significant investments.
Assam has secured a total of ₹50,000 crore in investments over the past three years, with major players like Tata, Adani, Reliance, Airbus, Pepsi and Dassault committing to projects within the state. Notably, Assam will be home to India’s first semiconductor assembling unit, with Tata investing ₹27,000 crore and creating 27,000 jobs.
Sarma further revealed that Reliance has chosen Assam as one of the locations for its six new biorefineries across the country, further bolstering the state’s economic prospects.
The Chief Minister’s announcement paints a picture of a thriving Assam, experiencing substantial economic growth and attracting substantial investment. The state’s proactive policies, coupled with a favorable investment environment, seem to be driving this positive trajectory.
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