Abstract : Water as resource is the abode of prosperity. Paradise itself has been imagined to be a place where water is plenty and river basins are the economically most prosperous region of the habitable portion of the world. Bhogdoi River is the southern sub-tributary of Brahmaputra though it was an active tributary of Brahmaputra in recent past. Bhogdoi River flows through the heart of the city Jorhat, the last capital town of the Ahom Kingdom. Down the ages, the Jorhat city is a successful thriving modern city with a lot of commercial and economic development. Further, the river flows through the Malow Pathar, the 'rice-bowl' of the region. The region is prosperous in tea cultivation, pisciculture, handloom and textile, sericulture etc. Moreover Jorhat, the cultural centre of Assam, today is witness to a lot of tourists due to its innate beauty and its resilient effect. Although the inhabitants of the region seem to be concerned for rapid economic progress but the pace of development is not come up to the level of satisfaction at the need of the time. In this paper, an attempt has been made to highlight the prospects and resource potentialities of the basin based on the fact and data collected from primary and secondary sources. The collected data have been tabulated, processed up to desired level and depicted in the form of maps, graphs etc. in due interpretation. Results, suggestions for better economic development and conclusion of study are drawn based on analysis and field observation in the basin area.