Mizoram is one of the fastest growing economies among the states of India with a per capital income of Rs 308571.
Mizoram had the second highest GSDP growth during the 11th Five Year Plan (2007–2012) in Northeast India at 11% exceeding the target of 7.8% which is also much higher than the national average of 7.9%.
During the 10th Five Year Plan (2002–2007), the Gross State Domestic Product (GSDP) was expected to grow at around 5.3% but grew at 5.7%.
The practice of shifting cultivation or jhumming started in Mizoram after they learned that their crops could earn them money, earlier agriculture was practised purely for sustenance.
Later the authorities introduced labour from the 1900s onward and wage was initially paid in the form of salt and later in terms of money.
[6] Recently, Mizoram Government has entered into a new venture wherein Oil Palm and Jatropha cultivation, for biofuels is being promoted.
The investment in Education sector other than Government in the state are ICFAI University, Mizoram and Church institutions like St. Xavier's College, Lengpui, Higher and Technical Institute of Mizoram, Helen Lowry College of Arts & Commerce.
[12] Mizoram collected Rs 19.44 crore tax revenue from the sale of liquor in 8 months after the MLPC Act 2014 came into force in the state from January 16, 2015.
Other problems faced by the state were the poor mineral resources, non-availability of good infrastructure and communication facilities, shortage of capital and lack of modern skills.
[15] Below is a chart of trends in gross state product of Mizoram at market prices estimated[16] by Ministry of Statistics and Programme Implementation with figures in millions of Indian rupees.