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Key Points

Assam's Chief Minister Himanta Biswa Sarma has boldly proclaimed the state's remarkable economic transformation, highlighting consistent growth rates of 14-15%. The state has strategically increased its capital expenditures and maintained a healthy debt-to-GDP ratio, positioning itself as one of India's fastest-growing states. With 17 profitable public sector undertakings and substantial financial assets, Assam is demonstrating significant economic potential. The CM's vision reflects a commitment to sustainable development and economic excellence.

Key Points: Himanta Sarma Reveals Assam's Rapid Economic Surge

  • Assam clocks 14-15% growth rate, significantly above national average
  • Capital expenditures rise from Rs 2,951 crore to Rs 24,964 crore
  • Debt-to-GDP ratio maintained at a sustainable 25%
3 min read

This is my Assam: CM hails state's fast economic growth

Assam CM highlights state's impressive 14-15% growth rate, outperforming national average and positioning as a leading economic performer.

"This is a new Assam, an Assam that aims for the sky and reaches it. - Himanta Biswa Sarma"

Guwahati, March 11

Assam Chief Minister Himanta Biswa Sarma said in the state assembly on Tuesday that Assam is one of the five fastest-growing states in the country.

"We are consistently clocking growth rates of 14-15%, which is much more than the national growth of 9-10%. Assam is one of the 5 fastest-growing States of the country, and the resounding success of Advantage Assam 2.0 speaks volumes about our growth journey," Sarma said on Tuesday.

According to the state government's data, in 2021-22, Assam's GSDP growth rate was 21 percent, in 2022-23, it was 17 percent, in 2023-24, it was 19 percent, and in 2024-25, it was 13 percent, which is higher than the national average.

The Assam Chief Minister further said that Assam's capital expenditures have seen a significant rise, from Rs 2,951 crore in 2015-16 to Rs 24,964 crore in 2024-25. "With such growth, the state is poised to become one of the leading states in terms of capital expenditures," CM Sarma added.

The Assam Chief Minister also said, "Assam's debt-to-GDP ratio stands at 25%. Additionally, 17 public sector undertakings are profitable, contributing to a collective net wealth of approximately Rs 40,000 crore. The state also has Rs 58,000 crore in assets that can be encashed at any given time."

According to the data, Assam's debt-to-GSDP ratio in FY 2023-24 is 24.3%. The Assam Chief Minister also said, "This is a new Assam, an Assam that aims for the sky and reaches it. This is my Assam."

Earlier on Monday, Assam Chief Minister Himanta Biswa Sarma expressed gratitude to Finance Minister Ajanta Neog over the State Budget and said that it lays a comprehensive roadmap to establish the state a "front runner".

In a post on X, CM Himanta emphasized that the budget will bring new momentum to the Assam growth story.

"AssamBudget2025 lays a comprehensive roadmap to establish Assam as a front runner state and builds upon the gains made over the last few years. Prime Minster Narendra Modi ji's mantra of Vikas Bhi and Virasat bhi is the foundational premise of this year's budget," he said.

"Our budget, rooted in fiscal discipline, envisages a record capital expenditure of Rs 38,759.18 Cr without burdening our citizens and at 85 per cent, our budget utilisation is the highest ever. Assam's expenditure will now be at a record Rs 1.55 Lakh crore with our GSDP growth at 13 per cent, ahead of the national average of 10 per cent," CM Himanta said.

The Assam Chief Minister further emphasized that the all-around progress of the state is once again the centrepiece of this year's budget.

- ANI

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