Name – Vishal sisodia

Class – 12 /B
th

Roll no – 41
Subject- Economics
S.h.k.s.b.v
Economics Project
Work on Economic
Activities of
Sikkim...
 ACKNOWLEDGEMENT
First of all I express my sincere gratitude to my Economics Teacher Mr. O.S Diwakar
sir who helped and guided me to complete this project. Then I would like to thank my
School Principal Mr. B.K. SHARMA sir who encouraged us for completion of this
project. I would also like to extend my gratitude to my classmates who triumphed and
cheered me up to do the project. I feel proud to complete this project which helped me
in learning a lot of new things. I am making this project not only for marks but to also
increase my knowledge.

-Vishal Sisodia
XII th-B
S.H.K.S.B.V
 CERTIFICATE
This is to certify that Vishal Sisodia of class 12th-B of S.H.K.S.B.V
Lajpat Nagar has completed his project under my guidance. He
has taken care and shown at most sicerety in completing the
project. I certify that this project is up to my expectations and
guidelines issued by C.B.S.E.
Signature-
O.S Diwakar
P.G.T Economics
 INTRODUCTION
Long a sovereign political entity, Sikkim became
a protectorate of India in 1950 and an Indian state in
1975. Its small size notwithstanding, Sikkim is of great
political and strategic importance for India because of
its location along several international boundaries. Area
2,740 square miles (7,096 square km). Pop. (2011)
607,688.
 ECONOMIC ACTIVITIES OF SIKKIM

The state's economy is largely agrarian based on the

terraced farming of rice and the cultivation of
crops such as maize, millet, wheat, barley, oranges,
tea, and cardamom. Sikkim produces more
cardamom than any other Indian state and is home
to the largest cultivated area of cardamom.
ECONOMIC GROWTH
 GDP OF SIKKIM
Sikkim's nominal state gross domestic product (GDP) was
estimated at US$1.57 billion in 2014 constituting the 
third-smallest GDP among India's 28 states. The state's
economy is largely agrarian based on the terraced farming of 
rice and the cultivation of crops such as maize, millet, wheat, 
barley, oranges, tea, and cardamom. Sikkim produces more
cardamom than any other Indian state and is home to the largest
cultivated area of cardamom.
In recent years, the government of Sikkim has extensively
promoted tourism. As a result, state revenue has increased
14 times since the mid-1990s. Sikkim has furthermore
invested in a fledgling gambling industry promoting both 
casinos and online gambling. The state's first casino, the
Casino Sikkim, opened in March 2009, and the government
subsequently issued a number of additional casino licences
and online sports betting licenses. The Playwin lottery has
been a notable success in the state.
• The Gross State Domestic Product (GSDP) of
Sikkim expanded at a high CAGR of 15.86%
between 2015-16 and 2019-20.
• In 2018-19, the secondary sector contributed
61.56% to the state’s GSVA at current prices.
It was followed by the tertiary sector at
26.82% and primary sector at 11.62%. Moreover,
at a CAGR of 21.48%, the primary sector has
been the fastest growing among the three
sectors between 2011-12 and 2018-19.
GDP OF SIKKIM AT CURRENT PRICE
NSDP OF SIKKIM
 PER CAPITA INCOME

The estimated per capita income across the

north-eastern state of Sikkim in India stood at
around 358 thousand Indian rupees in the
financial year 2019. There was a consistent
increase in the income per capita in the state
and was more than twice, since the financial
year 2012. Goa recorded the highest per capita
income that year.
India’s NSDP Per Capita: Sikkim data was reported at
297,764.716 INR in 2018. This records an increase from the
previous number of 270,572.213 INR for 2017. India’s NSDP Per
Capita: Sikkim data is updated yearly, averaging 214,147.506 INR
from Mar 2012 to 2018, with 7 observations. The data reached an
all-time high of 297,764.716 INR in 2018 and a record low of
158,667.375 INR in 2012. India’s NSDP Per Capita: Sikkim data
remains active status in CEIC and is reported by Central Statistics
Office. The data is categorized under Global Database’s India –
Table IN.AL002: Net State Domestic Product per Capita.
 MAJOR INDUSTRIES OF
SIKKIM
• In Sikkim, industry plays a vital role in the economy of
the State. Sikkim has seen a great boom in the industries
in the recent years. Sikkim has now emerged as an
Industrial Hub.
• Sikkim had long been an agro-based society, but
situations changed thoroughly in the recent years. With
the acceleration in the socio-political aspect of the
society of Sikkim, the growth of industry in Sikkim has
been tremendous.
Some of the industries of Sikkim that deserve a
special mention in this context are:
• Pharmaceuticals
• Eco-tourism(Hotels)
• Food Processing
• Breweries
• Cosmetics
• Security Ink
• Mattress
• Corrugated Boxes
It is noteworthy that the growth in the industries of Sikkim is a resultant effect of
the continuous endeavour of the government of Sikkim. The Department of
Industries in Sikkim is instrumental in bringing about a rapid growth in the
industries of Sikkim. Due to the growth of population, the problems of
unemployment is surging upwards, therefore, the Department of Industries has
formulated certain policies in order to bring about a stability in the situation.
• An estimate of the achievements of the government in exulting the status of the
Sikkim Industry are:
• Revival of the Food Preservation Factory under the Government of Sikkim
• Formation of:
• Sikkim Temi Tea
• Consultancy Services
• Prime Minister’s Employment Generation Programme
• Directorate of Handicrafts and Handloom
• SIDICO
• New District Handicrafts and Handloom Centers, etc.
 MICRO AND SMALL SCALE INDUSTRIES IN
SIKKIM
In the Indian economy, small-scale industries occupy an important
place, because of their employment potential and their contribution to
total industrial output and exports. The government of India has taken
a number of steps to promote them. However, with the recent
measures, a small-scale industry facing both internal as well as
external competition. Small-scale industries (SSIs) also known as
MSMEs are defined and categorized by the Micro, Small & Medium
Enterprises Development Act, 2006. The act categorizes different
scale of industries on the basis of investment in plant & machinery in
case of manufacturing industries and on the basis of investment in
equipment in case of service sector industries. Ownership of small
scale unit is with one individual in sole-proprietorship or it can be
with a few individuals in partnership.
A small-scale unit is normally a one-man show and even in case of a partnership
the activities are mainly carried out by the active partner and the rest are
generally sleeping, partners. These units are managed in a personalized fashion.
The owner is actively involved in all the decisions concerning business. The area
of operation of small units is generally localized catering to the local or regional
demand. The overall resources at the disposal of small-scale units are limited and
as a result of this, it is forced to confine its activities to the local level. Small
industries are fairly labor intensive with comparatively smaller capital
investment than the larger units. Therefore, these units are more suited for
economics where capital is scarce and there is an abundant supply of labor.
Small-scale units use local or indigenous resources and as such
can be located anywhere subject to the availability of these
resources like labor and raw materials. Small-scale units use
local resources and can be dispersed over a wide territory. The
development of small-scale units in rural and backward areas
promotes more balanced regional development and can
prevent the influx of job seekers from rural areas to cities.
Small-scale industries can mobilize a good amount of savings
and entrepreneurial skill from rural and semi-urban areas
remainuntouched from the clutches of large industries and put
them into productive use by investing in small-scale units.
Sikkim is one of the growing states in the fields of small-scale
industries. The Commerce and Industries Department of Sikkim is
involved in promoting trade and industry in Sikkim. The Sikkim
Industrial Development & Investment Corporation Limited (SIDICO)
is the state-level institution engaged in promoting, financing and
developing the tiny and small-scale industries (SSI) sector in the
state. Ecotourism, handicrafts and handlooms, silk reeling and
processing, medicinal plants, floriculture, tea, spices, honey, and
biotechnology are key areas identified in Sikkim.
 TRADE AND BUSINESS OF
SIKKIM

 Sikkim is an Indian state situated in the Himalayas

and is known to be landlocked.It is the least
populous state in the country and the second
smallest in area after Goa.In the past few years,
the Sikkim Government has tried its level best to
promote tourism in the state and has been
successful in its task as well.
Sikkim, bestowed with abundant natural resources, is now home
to more than 15 major pharma companies. These include units
by Cipla, Sun Pharma, Zydus Cadila, Alkem Lab, Intas Pharma,
Torrent Pharmaceuticals , Unichem, etc.

If you are a Sikkim resident, then starting your own home-stay

business is one of the best business opportunities in Sikkim that
you can grab hold of right away. Home-stay is the most famous
form of hospitality you provide for travelers where they are
given residence in the home of a local of the city.
 MAJOR CROPS OF SIKKIM
Large Cardamom (Amomum Subulatum Roxb), a member of the family,
Zingiberaceae under the order Scitaminae is the main cash crop cultivated in the sub
Himalayan state of Sikkim and Darjeeling district of West Bengal.
Some major crops grown in SIKKIM are given below:
• Rice
• Wheat
• Maize.
• Finger Millet.
• Barley.
• Pulses.
• Buckwheat.
• Tuber crops, spices, fruits, vegetables, ornamental plants
• The economy of Sikkim is linked with agriculture that serves as the source of
livelihood and economic security of sizeable native population. The growth,
however, has been restricted because of biotic and abiotic factors. It is
estimated that over 80 per cent of the rural population depends on agriculture
and allied sectors for economic, food, and nutritional security. The agriculture
systems practiced in Sikkim are integrated in natures that have evolved through
years of experimentation by the farmers. A marginal improvement in the
lifestyle of the farmers has been witnessed with the adoption of modern
technologies.
• Sikkim State has some inherent strength that largely supports organic farming.
The policies and programmes on organic farming, in tune with our natural
endowment envisage making Sikkim a Model Organic State.
 MINERALS FOUND IN SIKKIM
The important mineral resources of the State are copper-lead-
zinc and silver, reported in Bhotang, Rangpo and Dikchu in East
Sikkim districts. The important mineral resources of the State are
copper-lead-zinc and silver, reported in Bhotang, Rangpo and
Dikchu in East Sikkim districts. Occurrences of other minerals
reported in the State include dolomite, quartzite and
talc/steatite/soapstone in West Sikkim district; limestone in
North Sikkim district and marble in East Sikkim and North
Sikkim districts Table -1. The reserves/resources of coal and the
coalfield located in Sikkim are reflected in Table - 2.
Production
No mineral production (except minor minerals) was reported in 2016-
17. The value of minor minerals’ production was estimated at ` 188 lakh
for the year 2016-17.
Mineral-based Industry
SMC, a joint venture of Government of Sikkim and Government of India
was established for the purpose of development of Bhotang
polymetallic ore deposit at Rangpo. Sikkim's Mines & Geology
Department had set up a pilot dimension rock cutting unit and pilot
lime making unit to ascertain the feasibility of setting up of
commercial lime plant and dimension rock cutting plant in the State.
A ferro alloys plant, namely, Akshay Ispat & Ferro Alloys Ltd with an
installed capacity of 6,000 tpy is located at Mamring, South Sikkim
district. The present status of these industries is not available.
THE END
Thank you...