Tripura Economic Review 2024–25 highlights strong GSDP growth, rising sectors, and future potential while stressing income inequality, unemployment, and infrastructure gaps, urging inclusive development strategies for sustainable economic progress in the northeastern Indian state.
The Economic Review of Tripura 2024–25, published by the Directorate of Economics and Statistics Planning (Statistics) Department, has presented an encouraging picture of the state’s economic performance, highlighting steady growth and sectoral expansion. However, the report also underscores the need for a more inclusive and balanced development approach to sustain long-term progress.
According to the review, Tripura’s Gross State Domestic Product (GSDP) at current prices has reached Rs 89,681.81 crore in 2024–25, registering a robust growth of 12.90 percent. In real terms, the year-on-year growth rate stands at 8.73 percent, notably higher than the national average of 6.49 percent. These figures indicate a positive economic trajectory for the state.
Kiran Bhowmik, Research Associate for the Study on State Finance under the 16th Finance Commission, observed that the data reflects Tripura’s growing potential to emerge as a leading economy in the Northeast. He noted that consistent growth trends could strengthen the state’s position in the regional economic landscape.
Despite these gains, the report raises concerns about income disparity. Tripura’s per capita income (PCI) is estimated at Rs 1,92,842, which remains Rs 12,482 below the national average of Rs 2,05,324. This gap suggests that the benefits of economic growth are yet to reach all sections of society equally, pointing to underlying structural challenges.
Sectoral analysis reveals a mixed yet promising outlook. The agriculture and allied sectors have recorded a significant growth of 14.27 percent in Gross Value Added (GVA), marking a sharp improvement from the previous year. While this indicates successful policy interventions, experts emphasize the need for sustained investment in irrigation, modern technology, and market linkages to maintain momentum.
The secondary sector has shown moderate growth at 9.04 percent, reflecting gradual industrial development. Analysts suggest that boosting small and medium enterprises could play a crucial role in generating employment and diversifying the economic base.
Meanwhile, the services sector continues to dominate, registering a growth of 14.21 percent in GVA. Although this highlights expansion in trade, transport, and public services, over-dependence on services without parallel industrial growth may pose long-term risks.
Projections based on Compound Annual Growth Rate (CAGR) trends indicate that Tripura’s per capita income could double by 2027–28. However, achieving this milestone will depend on addressing key challenges such as unemployment, inequality, and infrastructure gaps.
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Overall, while the Economic Review reflects impressive progress, it calls for a strategic focus on inclusive growth, employment generation, and sectoral balance to ensure equitable development across the state.
