Meghalaya has emerged as India’s second-fastest growing state with a real GSDP growth of 9.66 per cent in the financial year 2025, nearly double the national rate, the Governor announced during the 77th Republic Day celebrations. The northeastern state, which recorded a $5 billion economy in 2022, is on track to triple its size to $16 billion by 2032 through its Mission 10 initiative. Since 2018, Meghalaya’s GSDP has already grown by 102 per cent despite pandemic disruptions. The northeastern state, which recorded a $5 billion economy in 2022, is on track to triple its size to $16 billion by 2032 through its Mission 10 initiative. Since 2018, Meghalaya’s GSDP has already grown by 102 per cent despite pandemic disruptions.
“We are firmly on course to realising the Government’s vision of tripling the size of our economy by 2032, reflecting our commitment to resilient and inclusive development,” the Governor stated in his Republic Day address. The state has positioned itself as a pioneer in India’s concert economy, hosting over seven major concerts that generated a 5.6-fold return on public investments of Rs 24 crore, whilst creating more than 5,600 direct jobs. Tourism numbers jumped 33 per cent to 16 lakh visitors in 2024, up from 12 lakh before the pandemic. The government projects this figure will reach 20 lakh by 2028. Investment in the sector includes development of the Sohra Tourism Circuit and the upcoming Rs 300 crore Taj Umiam Resort and Spa, described as one of the region’s most iconic hospitality projects.
Private sector investments exceeding Rs 1,800 crore have been secured, with Varun Beverages Ltd establishing a ₹330 crore bottling plant in North Garo Hills within one year, creating over 500 jobs. The state, which had no five-star hotels in 2018, now operates two premium properties with three more under development. Infrastructure development has accelerated with the announcement of the Rs 22,000 crore Shillong-Silchar Greenfield High-Speed Corridor. The state has built approximately 3,500 km of roads under PMGSY over seven years, with a record Rs 2,200 crore sanctioned for state schemes last year.