The talks included exploring the establishment of rail manufacturing units in the state and initiating direct train services between Kamakhya and Ayodhya...
Digital Desk: Assam has earned a spot among the top five fastest-growing states in India, a feat that Chief Minister Himanta Biswa Sarma attributes to effective developmental policies and initiatives. Speaking to the media, CM Sarma highlighted the state's significant economic progress, citing key figures from the latest economic survey.
In 2021, Assam's bank deposits were valued at Rs 1.71 lakh crore, a figure that surged to Rs 2.24 lakh crore by 2023-24. This 30 percent increase over three years reflects a robust economic growth indicator. Moreover, the state’s credit growth has been notable; bank loans extended increased from Rs 80,871 crore in 2021 to Rs 1.27 lakh crore in 2024.
Sarma also pointed out the improvement in Assam's Credit/Deposit (C/D) ratio, which has risen from 32 percent to 58 percent according to the economic survey. This uptick signals enhanced financial activity and accessibility.
The Chief Minister addressed the reduction in unemployment, noting a decrease from 8 percent in 2022-23 to 6.1 percent, marking progress in job creation and economic stability.
In related developments, Sarma recently engaged in a comprehensive discussion with Union Minister Ashwini Vaishnaw about enhancing railway connectivity in Assam. The talks included exploring the establishment of rail manufacturing units in the state and initiating direct train services between Kamakhya and Ayodhya, catering to the needs of devotees. The potential for a new rail route connecting Assam’s Barak Valley with West Bengal via Bangladesh was also discussed, with the Railway Ministry promising to prioritize this proposal.
Sarma praised the Union Minister for increasing the allocation for rail infrastructure in Assam as part of the Union Budget 2024, underscoring the state’s commitment to continued growth and development.
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