'Another thumbs up for Assam': Himanta Biswa Sarma cites two rating agencies to highlight state's growth story

Himanta Biswa Sarma

Assam chief minister Himanta Biswa Sarma on Thursday reaffirmed the state's growth story by mentioning that two credit rating agencies-- FitchRatings and IndiaRatings had taken note of the the north-eastern state's growing economic prowess.

The CM in a post on X reiterated that in the last 5 years since Covid19, Assam has recorded an average GSDP growth of 7% - making the state among the top three states driving India’s economic recovery.

The chief minister added that there are two key takeaways from the reaffirmation:

-Assam is among the few states that can sustain a high growth trajectory for 5 consecutive years. In these 5 years our GSDP has nearly doubled, we have attracted Rs 200 crore of FDI along with some big ticket domestic investments.

-Assam is pushing its boundaries to become a contributory state for national progress. If we can sustain this growth for another 5 years, our GSDP will be well on its way to cross 10 lakh crore - catapulting us into the top 5 states of India.

Amid a push to pitch Assam as an emerging investment destination, Reliance Industries, the Adani Group, Vedanta, and the Tata Group, earlier this year announced investment commitments worth several thousand crores in the state over the next few years. They were the biggest pledgers at the Assam government’s mega investment summit, Advantage Assam 2.0.

It comes at a time when the state government is seeking to emphasise growth in industry and investments as its focus. Reliance Industries will invest Rs 50,000 crore across five different verticals in Assam over the next five years, its chairman Mukesh Ambani said during 'Advantage Assam' business summit'.

"The Advantage Assam 2.0 Investment and Infrastructure Summit 2025 concluded with investment commitments in Assam totaling Rs 491,500 crore," Assam CM Sarma said in a post on X after the conclusion of the programme.