Economy, jobs and prices in Meghalaya, India: official figures
Net state domestic product per person, the usual measure of average income, was ₹157,141 in 2024-25 at current prices; 6th lowest of 25 with figures. Five years earlier it was ₹95,422, a rise of 65% before inflation.
Is Meghalaya's economy growing?
After allowing for inflation (2011-12 prices), income per person grew 7.9% in 2024-25; 4th fastest of 25 with figures.
Source: Reserve Bank of India · saved copyHow big is Meghalaya's economy?
The state's economy (gross state domestic product) was worth ₹59,626 crore (₹596.3 billion) in 2024-25 at current prices, 12.0% more than a year earlier.
Source: Reserve Bank of India · saved copyWhat are the main industries in Meghalaya?
In 2024-25 services made up 57.6% of the value added in Meghalaya's economy (8th highest of 25 with figures), manufacturing 7.8% (7th lowest of 25 with figures) and crop farming 14.7% (4th highest of 25 with figures), at current prices.
Source: Reserve Bank of India · saved copyHow much food does Meghalaya grow?
Farmers in Meghalaya produced 339,200 tonnes of foodgrains (rice, wheat, other cereals and pulses) in 2024-25, 0.09% of India's harvest; 6th smallest of 31 with figures.
Source: Reserve Bank of India · saved copyWhat is the unemployment rate in Meghalaya?
Unemployment in Meghalaya in 2023-24 was 5.1% in rural areas and 14.0% in towns and cities (usual status, Periodic Labour Force Survey); all-India: 2.5% rural and 5.1% urban. Urban unemployment was the highest of 35.
Source: Reserve Bank of India · saved copyHow much do farm workers earn in Meghalaya?
A man working as a general farm labourer in rural Meghalaya earned on average ₹334 a day in 2024-25 (all-India: ₹398); 3rd lowest of 19 with figures. Rural day rates for men were ₹407 for construction workers and ₹341 for non-farm labourers.
Source: Reserve Bank of India · saved copyWhat is inflation in Meghalaya?
Consumer prices in Meghalaya rose 4.0% on average in 2024-25, and food and drink prices by 5.9% (all-India: 4.6%). Over the same year fuel and light prices rose 0.9% and urban housing costs rose 6.0%.
Source: Reserve Bank of India · saved copyDo banks lend in Meghalaya?
Commercial banks in Meghalaya held ₹37,779 crore of deposits at the end of March 2025, about ₹110,600 per resident, and had lent ₹15,391 crore: a credit-deposit ratio of 40.3% (all-India: 80.1%; 6th lowest of 36). A low ratio means local savings are mostly lent elsewhere.
Source: Reserve Bank of India · saved copyMore figures
- Meghalaya produced 97,000 tonnes of milk in 2023-24, 0.04% of the national total. Source: Reserve Bank of India · saved copy
- Indian tourists made 1.59 million visits to Meghalaya in 2024 (0.05% of all domestic tourist visits; 12th fewest of 36). Source: Reserve Bank of India · saved copy
- Electricity available per person was 607 kWh in 2024-25 (all-India: 1,208 kWh). Source: Reserve Bank of India · saved copy
- 22.1% of the electricity fed into Meghalaya's grid was lost in transmission and distribution in 2022-23, through technical losses, theft and unbilled supply (all-India: 17.7%). Source: Reserve Bank of India · saved copy
- NITI Aayog scored Meghalaya 63 out of 100 on the Sustainable Development Goals India Index in 2023; joint 3rd lowest of 36. Source: Reserve Bank of India · saved copy
How Meghalaya compares with other states
Income per person (NSDP per capita, current prices) (2024-25)
Meghalaya ranks 20 of 25, highest first.
| Rank | Region | Income per person (NSDP per capita, current prices) |
|---|---|---|
| 17 | West Bengal | ₹163,467 |
| 18 | Chhattisgarh | ₹162,870 |
| 19 | Assam | ₹159,185 |
| 20 | Meghalaya | ₹157,141 |
| 21 | Jammu and Kashmir | ₹154,826 |
| 22 | Madhya Pradesh | ₹152,615 |
| 23 | Jharkhand | ₹116,663 |
Urban unemployment rate (usual status) (2023-24)
Meghalaya ranks 1 of 35, highest first.
| Rank | Region | Urban unemployment rate (usual status) |
|---|---|---|
| 1 | Meghalaya | 14.0% |
| 2 | Lakshadweep | 13.8% |
| 3 | Andaman and Nicobar Islands | 13.5% |
| 4 | Ladakh | 13.4% |
| 5 | Arunachal Pradesh | 12.8% |
| 6 | Jammu and Kashmir | 11.4% |
| 7 | Nagaland | 11.3% |
Services share of the economy (GSVA) (2024-25)
Meghalaya ranks 8 of 25, highest first. Share of gross state value added at current prices.
| Rank | Region | Services share of the economy (GSVA) |
|---|---|---|
| 5 | Maharashtra | 64.3% |
| 6 | Jammu and Kashmir | 61.5% |
| 7 | West Bengal | 58.3% |
| 8 | Meghalaya | 57.6% |
| 9 | Puducherry | 54.6% |
| 10 | Bihar | 54.1% |
| 11 | Haryana | 53.9% |
Bank credit-deposit ratio (place of sanction) (March 2025)
Meghalaya ranks 31 of 36, highest first. Loans made in the state per ₹100 of deposits held there.
| Rank | Region | Bank credit-deposit ratio (place of sanction) |
|---|---|---|
| 28 | Ladakh | 43.3% |
| 29 | Tripura | 43.2% |
| 30 | Uttarakhand | 41.5% |
| 31 | Meghalaya | 40.3% |
| 32 | Jharkhand | 39.3% |
| 33 | Himachal Pradesh | 37.8% |
| 34 | Arunachal Pradesh | 31.0% |
More on Meghalaya: overview · health · education and schools · poverty and living standards · government budget · India
Sources
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 153: State-wise Credit-Deposit Ratio of Scheduled Commercial Banks - According to Place of Sanction, read 23 October 2026 · saved copy (SHA-256 536e5d4415d4…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 108: State-wise Average Inflation (CPI) - General, read 23 October 2026 · saved copy (SHA-256 1dd5a612f16c…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 62: State-wise Production of Total Foodgrains, read 23 October 2026 · saved copy (SHA-256 7674a11e229b…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 21: Gross State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 307860e934ba…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 91: State-wise Milk Production, read 23 October 2026 · saved copy (SHA-256 3607285ce982…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 19: Per Capita Net State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 1f90818b79f1…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 20: Per Capita Net State Domestic Product (Constant Prices), read 23 October 2026 · saved copy (SHA-256 0861a3b6a0df…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 138: State-wise Per Capita Availability of Power, read 23 October 2026 · saved copy (SHA-256 3004b58b5f81…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 106: State-wise Sustainable Development Goals (SDGs) Score, read 23 October 2026 · saved copy (SHA-256 f18c2f57a295…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 49: Gross State Value Added by Economic Activity - Services (Current Prices), read 23 October 2026 · saved copy (SHA-256 231843665df0…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 148: State-wise Electricity Transmission & Distribution Losses, read 23 October 2026 · saved copy (SHA-256 7ba079aa2389…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 13: State-wise Domestic Tourist Visits, read 23 October 2026 · saved copy (SHA-256 14ecc37284d7…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 9: State-wise Unemployment Rate: Usual Status (Adjusted) (Urban), read 23 October 2026 · saved copy (SHA-256 4eef6c004595…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 113: State-wise Average Daily Wage Rates in Rural India (Men - General Agricultural Labourers), read 23 October 2026 · saved copy (SHA-256 6f4995aec2fa…)
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