Nagaland Economics

The Gross State Domestic Product (GSDP) of Nagaland was about 31,235 crore in 2019-20. Indicating a growth rate of 9.69%. Total exports from the state stood at US$ 5.71 million in 2019-20 and US$ 6.06 million in 2020-21. Major items exported from Nagaland are ceramic and allied products, electric machinery & equipment, electronics component, human hair, product thereto, electronics instrument and cotton fabrics & made-ups. In 2020-21, total exports of electric machinery from Nagaland stood at US$ 1.48 million (24.4%).
The state provides institutional support through various central and state government agencies viz., North East Council, Ministry of Development of North Eastern Region and Nagaland Industrial Development Council. The state has considerable resources of natural minerals, petroleum, and hydropower. It has unexploited reserves of around 600 million metric tonnes (MT) of crude oil and more than 20 MT of hydrocarbon. Moreover, the state has 315 MT of coal reserves and 1,038 MT of limestone reserves. The agro-climatic conditions in Nagaland provide commercial opportunities for floriculture and horticulture. The state has 650 indigenous species of medicinal and aromatic plants. In 2019-20, the total production of horticulture crops in the state was estimated at 847.83 thousand metric tonnes and the area under production was 88.35 thousand hectares. In 2019-20, the total production of vegetables and fruits were estimated at 453.65 thousand metric tonnes and 315.05 thousand metric tonnes, respectively. Bamboo is found extensively in Nagaland, with bamboo growing stock covering nearly 5% of the total stock in the country. As of 2018, Nagaland had 46 species of bamboo. Production of raw silk in the Nagaland stood at about 620 MT in 2018-19 and 600 MT in 2019-20.
As of April 2021, Nagaland had a total installed power-generation capacity of 179.03 MW, of which 147.36 MW was under the central sector, state utilities (30.67 MW) and private sector (1.00 MW). Of the total installed power-generation capacity, 81.03 MW was contributed by thermal, 66.33 MW by hydro and 31.67 MW by renewable energy.