Assam's annual borrowings increase by 78% over 3 years: Economic Survey

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Assam's annual borrowings increase by 78% over 3 years: Economic Survey - Business Standard

Quick Summary:

The average annual borrowings by the Assam government increased by nearly 78 per cent over three years from 2019-20, while growth has slowed down for GSDP and per capita income during the current fiscal compared to the preceding year, according to the state's Economic Survey report for 2024-25.

It said that as per advance estimates, the nominal GSDP at current prices for 2024-25 is likely to be Rs 6.43 lakh crore as against Rs 5.70 lakh crore in 2023-24, reflecting a growth of 12.74 per cent.

It increased to Rs 30,510.80 crore in 2022-23, with an annual average growth of 77.92 per cent over the previous year.