Meghalaya has a diverse economy based around agriculture, horticulture, mining and tourism. The tertiary sector contributes over 50% to the state's GSDP and has grown at 9.61% CAGR between 2011-12 to 2016-17. Agriculture is also important, with the state producing fruits, spices and crops like rice, maize and oilseeds. Meghalaya has potential to expand industries like hydroelectric power, medicinal plants and bamboo processing utilizing its natural resources. The state recognizes the need for infrastructure development to promote economic growth and has outlined plans to improve connectivity, irrigation and market facilities.