10 Fastest Growing States of India

Andaman & Nicobar:

The Union Territory of Andaman and Nicobar Islands is also witnessing a fast growth. Andaman and Nicobar have a 5 year CAGR of 10.35 percent. Apart from agriculture, the other major industries that are also a big contributor to the Andaman and Nicobar Islands’ economy include its handicrafts industry, minerals and energy resources. Tourism too is a big industry for the people of Andaman and Nicobar.

Mizoram:

Mizoram is one of the fastest growing economies among the states in India. Mizoram’s 5 years CAGR is 9.70 percent. It has a per capita income of Rs 50,021. During the 10th Five Year Plan (2002-2007), the Gross State Domestic Product (GSDP) was estimated to grow at around 5.3 percent but grew at 5.7 per cent. The biggest contributors to GSDP growth are Agriculture, Construction work and Public Administration. The economy of the state is mainly dependent on agriculture. Mizoram also houses a small repository of minerals and hence, mining also contributes to a small part of the economy.