Mizoram records 9.36% annual GSDP growth over 13 years

Aizawl: Mizoram recorded an annual growth rate of 9.36% in its Gross State Domestic Product (GSDP) over the 13-year period from 2011–12 to 2024–25, according to the Mizoram Economic Survey 2025–2026 presented in the state Assembly on Monday.

The survey, tabled by Chief Minister Lalduhoma, noted that the tertiary or service sector continues to drive the state’s economy, accounting for 50.37% of the Gross State Value Added (GSVA) in 2024–25, a marginal increase from 46.87% in 2023–24. Trade, hotels and restaurants, and other services were identified as the major contributors within the sector.

The secondary sector remained the second-largest contributor to the state’s economy, accounting for 32.91% of GSVA. The sector was primarily supported by electricity, gas, water supply and other utility services, along with construction activities.

The primary sector, which includes agriculture and allied activities, recorded a decline in its share, falling to 16.72% in 2024–25 from 20.45% in 2023–24.

At constant prices, the survey indicated steady real expansion in the state’s economy over the period from 2011–12 to 2024–25. GSDP at constant prices increased from Rs. 7,25,869 lakh in 2011–12 to Rs. 23,22,292 lakh in 2024–25, registering a compound annual growth rate (CAGR) of 9.36%, reflecting sustained growth in economic activity after eliminating inflationary impacts, the survey noted.

At current prices, total GSVA at basic prices rose from Rs. 7,43,008 lakh in 2011–12 to Rs. 34,39,446 lakh in 2024–25, recording a CAGR of about 12.51%. During the same period, GSDP at current prices increased from Rs. 7,25,869 lakh to Rs. 36,03,066 lakh, with a CAGR of 13.12%, indicating growth driven by both increased output and price effects.

The survey observed that Mizoram’s economy has undergone a gradual structural transformation over the past decade, shifting from an agriculture-centric framework to a more diversified economy increasingly led by industry and services.

The trend in per capita income over the 13-year period also showed a steady rise, reflecting improvement in the overall economic conditions of the state. Per capita income increased from Rs. 57,654 in 2011–12 to Rs. 2,51,593 in 2024–25, marking more than a four-fold rise during the period.

However, the survey noted a temporary contraction in 2020–21 when per capita income declined to Rs. 1,73,521, likely due to economic disruptions. The following years recorded a recovery and continued growth, it said.