Economy of Assam

63 percent of Assam earns its living from the sector of Agriculture. Assam is well known for its production of Tea in all over the world. Assam produces 15 percent of the tea in the world. A major section of the labor force is employed in the segment of the Tea estates in Assam, which covers a large section of the state. Other Agricutural produce involves rice, sugarcane, pulses, potatoes and jute. Fruits like mangoes, bananas, pineapple and guavas are also produced in the state.

Some of the other industries of the state are mentioned below:

  • Fisheries
  • Sericulture
  • Forest and wood industry
  • Chemicals and fertilizers industry.
  • Handloom and textile industry

Agriculture

In Assam, Agriculture largely depends on the availability of funds. Banks ensure that loans are available to the agricultural sector at simple and easy rates of interest . State’s Infrastructure supports the marketing of the produce of the agricultural sector.

Banking 

In Assam, Social Banking policies are motivated by the prospering network of Scheduled Commercial banks that act as a push to the core sectors of the economy. The Regional Rural Banks that are escalating fast through the state are an offshoot of the Scheduled Commercial Banks. 

Business

In Assam, Business is mainly related to the silk and tea that are produced in large amounts. There is a large amount of revenue and investment involved in the business related to packaging and production of silk and tea.

Fisheries

Assam’s department of fisheries aims to promote and develop economic farming of fish . This branch of the state government wants to promote the idea of producing fish commercially in almost all the water bodies in the state.

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