A view of a town in Wokha district. Nagaland’s economy is a developing economy with an immense economic growth potential. (Morung Photo)
State Government currently drafting Viksit Nagaland @2047 document
Our Correspondent
Kohima | April 15
The state government is currently drafting the Viksit Nagaland @2047 document to make the state a developed state by 2047 by leveraging the strengths of the economy and by addressing the challenges of the economy.
This was stated in Nagaland Economic Survey 2025-26 brought out by Directorate of Economics & Statistics, Nagaland and tabled in the recent 8th session of 14th Nagaland Legislative Assembly in Kohima.
The Viksit Bharat @2047 envisions India to become a developed country by 2047, with a target for the Indian economy to reach between $30 trillion to $40 trillion by 2047. Correspondingly, the target of the country’s per capita income is set between US $ 15,000 to $ 18,000 by 2047.
Over the past 10 years, the size of the state economy in terms of Gross State Domestic Product (GSDP) increased from Rs 19524 crores in 2015-16 to Rs 45134 crores in 2024-25 (PE). Corresponding to the increase in the GSDP, the per capita income of the State increased from Rs 82,367 in 2015-16 to Rs 1,75,374 in 2024-25 (PE), the report stated. Assuming the rate of exchange between US dollar to Indian rupee at $1=Rs90, the current size of the state economy in US dollar is estimated at $5 billion (Rs 45134 crore) and the per capita income of the state at $2063 (Rs 1,85,670) in 2024-25.
Given the present status of the state’s per capita income, the state economy will have to grow by 10 percent or more per annum to achieve the Viksit Bharat @2047 vision of raising the per capita income to US $ 15000 (Rs 13,50,000) or more, the report stated. In other words, the state economy will have to increase from the present US $5 billion (Rs 45134 crore) in 2024-25 to US $67.96 billion (Rs 6,11,671 crore) by 2047.
The report stated that Nagaland’s economy is a developing economy with an immense economic growth potential. Its currently unutilized and underutilized potential including untapped natural resources as well as demographic dividend can be optimally allocated for the growth and development of the state. In order to achieve such an optimal allocation of the state’s resources, enhancement of infrastructure as well as creation of a growth-conducive environment are being pursued by the state government, the report stated. As a result, the state’s economy continues to register a positive economic growth rate, engendering an increase in the per capita income of the population of the state.
Accordingly, Nagaland’s economy is expected to grow by 10.33% in the fiscal year 2025-26. The state’s economic growth rate in recent years is notably higher than that of the national growth rate, the report stated. “The state’s economy is therefore a net contributor to the national economic growth. On the whole, the development of the state assumes an immense significance as a potential engine of regional growth as well as national growth,” the report stated.
The economic growth of the state is largely driven by tertiary sector, with the primary sector as well as secondary sector remaining more or less stagnant. A decline in the share of primary sector is in line with the experience of developing as well as developed economies. As the economy grows, the diminishing share of the sector is expected. The stagnation of the secondary is the result of the continuing weak industrial base in the state owing to infrastructural deficit as well as law and order concerns attributable to the political imbroglio.
With the ongoing improvement of infrastructure in the state, the secondary sector is expected to grow in the immediate future. The resolving of the political imbroglio will also usher in a conducive environment for the development of the sector, the report stated adding, “The state government is therefore earnestly facilitating an early solution.”
