Given these perspectives and the paradigm shift in fiscal federalism in the Country under FFC, the States need to evolve a new development policy which is practical, holistic, inclusive and sustainable. The limited resources available have to be optimally and judiciously allocated to various sectors of the economy so as to bring maximum benefit to the people of Mizoram. To address these challenges, the Government is determined to bring about a strong and sustainable economy with robust public finances in an integrated manner. In this respect, the Mizoram State Planning Board under the Chairmanship of Hon’ble Chief Minister has developed a “New Economic Development Policy – Comprehensive Growth Strategies for Mizoram” as the framework for economic policy and the strategic driving force of the State’s economy.

The New Economic Development Policy aims at providing bold, practical and effective strategies to push economy to a high growth path by enhancing productivity, creating employment opportunities, improving public finances, improving business environment and improving public service delivery in a sustainable manner. It also lays out a dynamic vision for how we can collectively achieve a more developed, democratic, cohesive and inclusive economy and society over the medium term, in the context of sustained growth.The strategy sets out critical policy interventions for employment generation, empowerment of weaker sections, and inclusive growth and identifies where viable changes in the structure and character of production can generate a more inclusive and robust economy over the medium to long run. The new policy recognizes that achieving transformation of economic conditions requires hard choices and a shared determination of the people of Mizoram. The new policy combines growth strategies across various sectors into a coherent package for development, decent work and inclusive growth. They bring together the priorities that constitute the basic economic focus to forge ahead to promote a more inclusive and stronger economy.