Shillong, May 22: Meghalaya has emerged as one of India’s fastest-growing economies, recording a strong 15.27 per cent five-year nominal Compound Annual Growth Rate (CAGR) between FY20 and FY25, according to a study by wealth management firm Client Associates.
The report places Meghalaya among a select group of states driving rapid economic expansion, alongside Assam (17.3 per cent), Uttar Pradesh (15.34 per cent), Karnataka (15.14 per cent) and Manipur (15.04 per cent), all of which recorded annual compounded growth above 15 per cent.
While Assam topped the leaderboard, Meghalaya’s performance stands out given its smaller economic base, reflecting growing economic momentum and expanding development opportunities in the state.
The study highlighted that smaller and mid-sized states are increasingly becoming important contributors to India’s growth story, indicating stronger structural progress beyond traditionally dominant economies.
Meghalaya’s growth, though built on a lower base, was described as particularly impressive in percentage terms, signalling a positive trajectory for the state’s economy.
Other states such as Bihar (14.97 per cent), Tamil Nadu (14.92 per cent), Jharkhand (14.86 per cent), Telangana (14.85 per cent), and Maharashtra (14.78 per cent) also posted strong growth figures, underscoring broader economic expansion across the country.
The national average growth during the five-year period stood at 14.78 per cent.
The findings reflect a changing economic landscape where states across different regions, including the Northeast, are increasingly contributing to India’s growth momentum.
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