Business and Economy of GuwahatiGuwahati is the most important trade hub in Northeast India. It is the centre for wholesale distribution, marketing and retail in the Northeast. The major economic activities in Guwahati are trade, transportation and services. All these services contribute to lion’s share to the state’s economy. The GDP of Guwahati metro was estimated at $ 1 billion in 2010.
Major industries in Guwahati
- Banking and financial services
- Print and electronic media
- Real Estate
- Assam Handicraft
Tea manufacturing and processing is another important economic activity of the Guwahati city. The Guwahati Tea Auction Centre here is world's largest CTC tea auction centre and the world's second largest in terms of total tea.
Tourism industry in Guwahati contributes to a lion's share in the economy of the city and the state. The Guwahati tourism industry includes revenue generated from the places like the Kamakhya temple, the Brahmaputra river, Deepor Beel, Srimanta Shankardev Kalakhetra, and several other tourist places of Guwahati.
Being one of the important business hubs of the Northeast, retail chains also contribute to a huge share to the economy of Guwahati. Retail chains such as Metro Bazar, Big Bazar, Vishal mega mart and Pantaloons have opened their malls in Guwahati which contributes to a larger share of the economy of the city.
The beautiful handicrafts of Assam and its various art forms are the life and soul of its people. Guwahati is known for its flourishing handicrafts business. It produces superior quality Assam silk called ‘Muga’ and 'Pat’. Bamboo and cane are also used exquisitely to make beautiful handicrafts products. Terracotta products of Assam in addition are also good examples of beautiful crafts.
Various types of handicrafts available in Assam
- Bamboo and Cane products
- Brass and Bell metal crafts
- Traditional Paintings
Transportation is another major economic activity in Guwahati. Guwahati connects the national highways within Assam and the other states of the Northeast which serves for the transportation activities here.
Among the services industry in Guwahati are the many hotels and restaurants located here. There are many hotels and restaurants in Guwahati that contributes to its share to the state government. Real estate business has also been gradually developing in Guwahati in the past two decades.