Assam made its first-ever appearance at the World Economic Forum in Davos this week, positioning itself as India’s fastest-growing state and a new destination for high-value investments. Chief Minister Himanta Biswa Sarma, leading the delegation, highlighted Assam’s transformation into an emerging economy driven by sustainable energy and advanced manufacturing.
According to Sarma, Assam’s economy expanded by 45 percent between 2020 and 2025, outpacing the national average of 29 percent. The state’s Gross State Domestic Product is projected to rise from ₹4.10 lakh crore in 2020-21 to ₹7.41 lakh crore by 2025-26, reflecting rapid growth momentum.
At Davos, Assam is expected to ink MoUs worth nearly ₹1 lakh crore, with a strong focus on green and new energy projects such as a Palm Storage Project and bamboo-to-methanol conversion technology. “In this visit, our entire MoU will be focused on green energy and new energy,” Sarma said on the sidelines of the forum.
The chief minister noted that the IMF’s upgraded forecast for India’s growth to 7.3 percent for FY2026 strengthens global investor confidence. “The time has come for people to harness the potential of diverse regions like Assam,” he added.
Building on its previous Advantage 2 Summit, which drew commitments of nearly ₹5 lakh crore, Assam has already grounded projects worth around ₹3 lakh crore. The state is also attracting semiconductor investments, with Tata Electronics constructing a ₹27,000 crore chip assembly plant in Jagiroad slated to start operations by April 2026.
Sarma emphasized Assam’s role as the “gateway to the Northeast,” adding that industrial growth in the state will drive regional development and talent opportunities across northeastern India.
