business-northeast-logo

Assam records revenue growth of 12 percent in FY23-24, Mizoram declines by 29%

BNE News Desk


Spread the love

Guwahati: The Goods and Services Tax (GST) collection in the Northeast recorded a remarkable surge of 57% year-on-year (YoY) in FY 2023-2024. The collective revenue for the region reached Rs 3,593 crore, marking a significant growth in fiscal performance, according to the Ministry of Finance.

Assam led the revenue growth in the Northeast with a 21% increase, followed by Tripura at (34%), Nagaland (43%), and Arunachal Pradesh and Sikkim (16%). Meghalaya and Manipur also witnessed positive growth rates at 6% each. However, Mizoram experienced a decline of 29% in revenue during the same period.

The total revenue earned in the fiscal year 2023-24 from the Northeast region amounted to Rs 3,593 crore, with Assam leading with Rs 1,543 crore, followed by Sikkim with Rs 303 crore, and Nagaland with Rs 168 crore, Rs 202 crore in Meghalaya, Rs 90 crore in Tripura, Rs 70 crore in Mizoram, Rs 65 crore in Manipur, and Rs 44 crores in Arunachal Pradesh,

Comparatively, in the corresponding period of the previous year, the GST collections stood at Rs 1,280 crore in Assam, Rs 202 crore in Meghalaya, Rs 90 crore in Tripura, Rs 70 crore in Mizoram, Rs 65 crore in Manipur, Rs 58 crore in Nagaland, Rs 44 crore in Arunachal Pradesh, and Rs 272 crore in Sikkim.

ALSO READ: Centre unveils new scheme to drive electric vehicle adoption

BNE News Desk