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Economy of Assam
The Economy of Assam is largely agrarian, with a majority of the population engaged in agriculture. The real GSDP increased approximately 6.1 percent annually between 2002 and 2012, and increased approximately 7.2 percent annually between 2012 to 2025.
Assam is endowed with rich natural resources, and once had a higher than average per capita income than the national average. However, the state subsequently registered a lower than average per capita income and economic growth. In 1950-51, the per capita income was 4 percent above the national average, but in 1998-99, per capita income had dropped 41 percent below the national average at current prices and 45 percent below the national average in constant 1980-81 prices. This decrease could be attributed to a number of reasons, including the 1962 Sino-Indian War and the 1971 Indo-Pakistani War, both fought primarily in the eastern front of India. Assam also had to take in a large number of refugees from erstwhile East Pakistan after 1947 and in 1970-1971, a development exacerbated by the arrival of refugees and migrants from newly independent Bangladesh after 1971. Economic performance was affected adversely also by political and social processes within the state, including the insurgency in Northeast India, and the Assam Movement of the late 1970s and early 1980s.
Assam had a lower incidence of poverty at 51 percent in 1973-74 compared to the national average of 55 percent, but the decrease in the poverty ratio has lagged behind the national average. After economic liberation in the 1990s, economic performance initially remained below the national average, in part, due to migration from Bangladesh and the activities of insurgent groups such as the United Liberation Front of Assam. The state reduced poverty 5 percent between 1993-94 and 1999-2000, compared to the 10 percent national decrease.
Between 1951 and 1979, Assam registered an average level of real gross domestic product growth compared to the national average. However, the state's real gdp growth lagged behind the national average after 1979 due to the "tensed socio-political environment". Between 1981 and 2001, Assam's GSDP increased 3.3 percent annually compared to the national average of 6 percent. Since the 2000s, Assam has registered higher levels of real gross domestic product growth. GSDP at constant (1999-2000) prices increased 5.33 percent annually between 2002 and 2007. Real GSDP increased 6.78 percent annually between 2007 and 2012. Real GSDP at constant (2011-12) prices increased approximately 7.6 percent annually between 2012 and 2016. Real GSDP at constant (2011-12) prices increased approximately 7.0 percent annually between 2016 and 2025.
This is a chart of the trend in the gross state domestic product of Assam at market prices between 1980 and 2000, estimated by the Ministry of Statistics and Programme Implementation with figures in millions of Indian Rupees.
This is a chart of real GSDP growth between 1980 to 2001, including the primary sector, secondary sector, and tertiary sector.
This is a chart of Assam state GDP at industry of origin (factor cost) in constant (1980-81) prices from 1981-82 to 1990-91, and from 1990-91 to 1999-00.
Agriculture accounts for more than a third of Assam's income and employs 69 percent of total workforce. Assam's biggest contribution to the world is its tea. Assam produces some of the finest and most expensive teas in the world. Other than the Chinese tea variety Camellia sinensis, Assam is the only region in the world that has its own variety of tea, called Camellia assamica. Assam tea is grown at elevations near sea level, giving it a malty sweetness and an earthy flavor, as opposed to the more floral aroma of highland (e.g. Darjeeling, Taiwanese) teas. Assam also accounts for fair share of India's production of rice, rapeseed, mustard, jute, potato, sweet potato, banana, papaya, areca nut and turmeric. Assam is also a home of large varieties of citrus fruits, leaf vegetables, vegetables, useful grasses, herbs, spices, etc. which are mostly subsistence crops.
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Economy of Assam
The Economy of Assam is largely agrarian, with a majority of the population engaged in agriculture. The real GSDP increased approximately 6.1 percent annually between 2002 and 2012, and increased approximately 7.2 percent annually between 2012 to 2025.
Assam is endowed with rich natural resources, and once had a higher than average per capita income than the national average. However, the state subsequently registered a lower than average per capita income and economic growth. In 1950-51, the per capita income was 4 percent above the national average, but in 1998-99, per capita income had dropped 41 percent below the national average at current prices and 45 percent below the national average in constant 1980-81 prices. This decrease could be attributed to a number of reasons, including the 1962 Sino-Indian War and the 1971 Indo-Pakistani War, both fought primarily in the eastern front of India. Assam also had to take in a large number of refugees from erstwhile East Pakistan after 1947 and in 1970-1971, a development exacerbated by the arrival of refugees and migrants from newly independent Bangladesh after 1971. Economic performance was affected adversely also by political and social processes within the state, including the insurgency in Northeast India, and the Assam Movement of the late 1970s and early 1980s.
Assam had a lower incidence of poverty at 51 percent in 1973-74 compared to the national average of 55 percent, but the decrease in the poverty ratio has lagged behind the national average. After economic liberation in the 1990s, economic performance initially remained below the national average, in part, due to migration from Bangladesh and the activities of insurgent groups such as the United Liberation Front of Assam. The state reduced poverty 5 percent between 1993-94 and 1999-2000, compared to the 10 percent national decrease.
Between 1951 and 1979, Assam registered an average level of real gross domestic product growth compared to the national average. However, the state's real gdp growth lagged behind the national average after 1979 due to the "tensed socio-political environment". Between 1981 and 2001, Assam's GSDP increased 3.3 percent annually compared to the national average of 6 percent. Since the 2000s, Assam has registered higher levels of real gross domestic product growth. GSDP at constant (1999-2000) prices increased 5.33 percent annually between 2002 and 2007. Real GSDP increased 6.78 percent annually between 2007 and 2012. Real GSDP at constant (2011-12) prices increased approximately 7.6 percent annually between 2012 and 2016. Real GSDP at constant (2011-12) prices increased approximately 7.0 percent annually between 2016 and 2025.
This is a chart of the trend in the gross state domestic product of Assam at market prices between 1980 and 2000, estimated by the Ministry of Statistics and Programme Implementation with figures in millions of Indian Rupees.
This is a chart of real GSDP growth between 1980 to 2001, including the primary sector, secondary sector, and tertiary sector.
This is a chart of Assam state GDP at industry of origin (factor cost) in constant (1980-81) prices from 1981-82 to 1990-91, and from 1990-91 to 1999-00.
Agriculture accounts for more than a third of Assam's income and employs 69 percent of total workforce. Assam's biggest contribution to the world is its tea. Assam produces some of the finest and most expensive teas in the world. Other than the Chinese tea variety Camellia sinensis, Assam is the only region in the world that has its own variety of tea, called Camellia assamica. Assam tea is grown at elevations near sea level, giving it a malty sweetness and an earthy flavor, as opposed to the more floral aroma of highland (e.g. Darjeeling, Taiwanese) teas. Assam also accounts for fair share of India's production of rice, rapeseed, mustard, jute, potato, sweet potato, banana, papaya, areca nut and turmeric. Assam is also a home of large varieties of citrus fruits, leaf vegetables, vegetables, useful grasses, herbs, spices, etc. which are mostly subsistence crops.