Overview
Manipur, a northeastern state of India, recorded a Gross State Domestic Product (GSDP) of ₹40,200 crore in 2023–24, with an estimated growth rate of 7.2%. The per capita income stands at ₹1,15,000. The state’s economy is primarily driven by agriculture, handloom & handicrafts, tourism, and trade. With its strategic location bordering Myanmar, Manipur serves as India’s gateway to Southeast Asia under the Act East Policy.
Why Invest in Manipur
- Strategic Trade Hub: Key role in India's Act East Policy, boosting trade with Myanmar and ASEAN nations.
- Agriculture & Horticulture: Rich agro-climatic conditions support organic farming and floriculture.
- Handloom & Handicrafts: Largest producer of handloom products in the Northeast, with strong MSME potential.
- Tourism & Eco-Tourism: Home to scenic landscapes, Loktak Lake, and diverse cultural heritage.
- Renewable Energy Potential: Opportunities in solar and hydropower development.
Incentives & Schemes
- Industrial Promotion: Capital subsidies, tax exemptions, and financial assistance under NEIDS (Northeast Industrial Development Scheme).
- Agri & Horticulture Boost: Incentives for organic farming, cold storage, and food processing industries.
- Tourism Development: Special packages for eco-tourism, adventure tourism, and hospitality projects.
- Border Trade Facilitation: Government support for trade infrastructure, logistics, and cross-border commerce.
Key Economic Data: Manipur & Mizoram
| Category |
Details |
| Capital |
Imphal |
| GSDP (2023–24) |
₹40,200 crore |
| Growth Rate |
7.2% |
| Per Capita Income |
₹1,15,000 |
| Top Sectors |
Agriculture, Handloom, Handicrafts, Trade, Tourism |
| FDI Share in India |
0.02% |
| Top FDI Sources |
Japan, South Korea, Thailand |
| Cumulative FDI (FY2024) |
₹250 crore (Q1) |
| Policy Impact |
Focus on trade, tourism, and MSME growth |
| Recent FDI |
₹75 crore (2022–23) |
Latest Insights
- Manipur attracted ₹250 crore in cumulative FDI by Q1 FY2024, mainly in trade and infrastructure.
- The state’s tourism sector is growing with government-backed eco-tourism projects.
- Increased focus on cross-border trade with Myanmar under India's Act East Policy.
- Government initiatives in handloom, handicrafts, and food processing industries are driving MSME growth.
