FCC

The Sun Rises in the Northeast!

2025-03-29

In the last 10 years, with multiple schemes at the level of the Centre and the states, India’s Northeast region has undergone a rapid transformation in terms of infrastructure, including rail and road connectivity, new industrial and technology parks, logistics hubs and cold chains, among others. With a significant increase in budget allocation, rising from Rs 361 billion in 2014-15 to Rs 1,058 billion in FY2025-26, the Northeast is set for accelerated growth. The Government’s ambitious Unnati 2024 scheme further reinforces the commitment to industrialisation and economic expansion in the region.

Gateway to Southeast Asia

According to Manmohan Parkash, Former Senior Advisor, Asian Development Bank (ADB), the Northeast region can play a strategic role as India’s gateway to Southeast Asia and has the potential to become a trillion-dollar economy by 2050. He noted that the region’s economic growth rates, ranging from 11 per cent to 29 per cent across various states, reflect its strong development trajectory....

To read the full article Click Here