Mizoram has achieved an annual Gross State Domestic Product (GSDP) growth rate of 9.36% over the past 13 years (2011-12 to 2024-25), with the service sector continuing to drive the state's economy.
According to the 2025-2026 Mizoram Economic Survey, presented by Chief Minister Lalduhoma in the assembly on Monday, the tertiary or service sector continues to be the primary driver of the state's economy, accounting for 50.37% of the Gross State Value Added (GSVA), a slight increase from 46.87% in 2023-24.
Key sectors within the tertiary sector included trade, hotels, and restaurants, as well as other services.
The secondary sector, which includes electricity, gas, water supply, and other utility services, along with construction, remains the second largest contributor to the state's economy, accounting for 32.91% of the GSVA. The primary sector, comprising agriculture and related activities, contributed 16.72% in 2024-25, compared to 20.45% in 2023-24.
At constant prices, the state's economy has shown steady real growth from 2011-12 to 2024-25. The GSDP at constant prices increased from Rs. 7,25,869 lakh in 2011-12 to Rs. 23,22,292 lakh in 2024-25, with a compound annual growth rate (CAGR) of 9.36%, indicating the underlying real growth in economic activity after accounting for inflation.
At current prices, the total GSVA at basic prices increased from Rs. 7,43,008 lakh in 2011-12 to Rs. 34,39,446 lakh in 2024-25, with a CAGR of 12.51%, while the GSDP at current prices increased from Rs. 7,25,869 lakh to Rs. 36,03,066 lakh with a CAGR of 13.12%, reflecting growth driven by both volume expansion and price effects.
The Mizoram economy has experienced remarkable growth and structural transformation over the past decade, evolving from an agriculture-centric framework to a more diversified economy driven increasingly by industry and the tertiary sector.
According to the Economic Survey, the state's per capita income has shown consistent and significant upward movement over the 13-year period, reflecting improvements in overall economic conditions and average income levels.