Assam's Economic Leap: Fastest Growing State in India
Assam's Chief Minister Himanta Biswa Sarma announced the state's remarkable growth trajectory, stating it will fund salaries and pensions entirely from tax revenue by 2026-27. By 2027-28, Assam's economy will reach Rs 10 lakh crore, making it India's fastest-growing economy.
- Country:
- India
In an unprecedented move, Assam is poised to fund its salary and pension bills entirely from internal tax devolution by the fiscal year 2026-27, announced Chief Minister Himanta Biswa Sarma.
Addressing the Assam Assembly, Sarma highlighted the state's accelerated economic growth, projecting Assam as a Rs 10 lakh crore economy by 2027-28, surpassing its target by two years.
This remarkable growth aligns with a shift in Assam’s share from the Finance Commission, with the state's economic contribution raising its share to 3.25 per cent. With an anticipated Rs 50,000 crore from tax devolution, Assam is setting new benchmarks in financial autonomy.
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