Agartala, May 14: Tripura’s Gross State Domestic Product (GSDP) has nearly doubled over the past six years, increasing from around Rs 47,000 crore in 2018 to nearly Rs 92,000 crore in 2024-25, reflecting the impact of sustained business reforms, infrastructure development and rising private sector investment in the state, Industries and Health Secretary Kiran Gitte said on Thursday.
Addressing a press conference at the State Secretariat, Gitte said Tripura has emerged as the top-performing state in the country for implementing business reforms for the second consecutive year. According to him, the state has successfully completed 28 reform action points, significantly ahead of other states, while Jammu and Kashmir, placed second, has completed seven reforms so far.
He credited the progress to the proactive approach of the state government under Chief Minister Dr. Manik Saha, along with coordinated support from ministers, legislators and various departments in creating a business-friendly environment.
Gitte said the government organized several business conclaves and investment roadshows across major cities last year, resulting in 94 Memorandums of Understanding (MoUs) with proposed investments worth nearly Rs 35,000 crore. Of these, projects valued at around Rs 5,300 crore have already begun implementation, with land allotments completed and construction work progressing in several cases.
Highlighting the significance of the investment flow, Gitte noted that the proposed investments exceed the state’s annual capital expenditure, which stands at nearly Rs 10,000 crore.
He also pointed to rapid growth in the healthcare and education sectors. Tripura currently has three medical colleges, and approval has been granted for another 50-seat medical college at Kulei through the Investment Promotion Agency of Tripura. In addition, 19 private institutions offering pharmacy, nursing and allied healthcare courses have been established.
The secretary also highlighted increasing investment in tourism, industrial infrastructure and urban development projects in Agartala.
To assess the long-term impact of reforms, the government has engaged the Indian Institute of Management Calcutta for an impact assessment study, expected within three months.
Gitte said the state plans to hold another round of investment roadshows in July, targeting fresh proposals worth Rs 30,000 crore to Rs 40,000 crore.
