Economy of Assam

[traveller]

The economy of Assam is a unique example of poverty amidst abundance. The economic growth rate of the state is very low as compared to India’s growth during the post-independence, despite of being affluent in natural resource and minerals. The economic growth rate of India during the period of the period of 1981 to 2000 was 6% whereas it was just 3.3% in Assam. However it remained constant in the recent years. Agriculture contributes to more than 1/3rd of the states income and more than 69% of the population are employed in this sector. Apart from Agriculture sector, Assam is a producer of crude oil and natural gas. The Oil industry is another major contributor to the income of the sate along with other industries like jute mill, cottage industry, Assam silk industry etc.

The economic growth rate of the State is still very low as compared to the other states, although it has the potential for substantial growth.

 

[bharat]

It is sad that the Economy of Assam is not able to grow, despite of having potential as the State is endowed with natural resources. The proper utilization of resources will help in the economic growth of the State and moreover, the issues of flood, illegal immigration of Bangladeshis, insufficient funds etc are the major hindrance in path of economic development of the State. If these issues are handled and controlled, with such potential, the State will progress in all spheres.

 

[seema]

Economy of Assam is mainly dependent on Tea Industry and cottage Industry. Oil Industry and tourism too adds to the revenue of the state. However, the economic growth of the state as compared to other States of the nation is relatively slow. The state is abundant in natural resources and if these resources are utilized properly, can add to the economic growth of the State. Even tourism Industry has a great prospect.

 

[youthens]

I agree with the fact that Assam is the true and perfect example of poverty amid abundance. The state is endowed with natural resources, minerals and biodiversity but unfortunately, the state is still lagging behind in terms of economic development and growth and this is due to the under utilization of resources and corruption in the Government system. It is seen the the rich are becoming richer and poor are becoming poorer. Only with proper utilization of resources, the state can progress and develop economically.

 

[Bharatiya]

Economy of Assam is mainly dependent on Tea Industry and cottage Industry. Oil Industry and tourism too adds to the revenue of the state. However, the economic growth of the state as compared to other States of the nation is relatively slow. The state is abundant in natural resources and if these resources are utilized properly, can add to the economic growth of the State. Even tourism Industry has a great prospect.

I think it should be left it that way. In order to revive the economy of Assam, people could harm the natural wealth it carries. People admire the beauty of nature and landscapes it offers because it is left untouched by the industrial exploitation and environmental damage. We need not make all the states of our nation economically affluent and loot them of their natural resources.

 

[seema]

I think it should be left it that way. In order to revive the economy of Assam, people could harm the natural wealth it carries. People admire the beauty of nature and landscapes it offers because it is left untouched by the industrial exploitation and environmental damage. We need not make all the states of our nation economically affluent and loot them of their natural resources.

I do not agree with you in regards to the fact that we do not have to make all the states of our nation economically affluent. Every state should be equally developed as it will help in development of the nation as a whole. I do not mean that we should destroy the nature but the economy of the state can be improved by encouraging more and more tourism. Moreover, during the monsoon, the state is under water and this needs to resolved and then only economic progress is possible. Furthermore, Assam is one of the most corrupt states in the nation and this is a major hindrance to its progress. Do you agree with me?