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The economy of Sikkim is basically agriculture-based. Read further to know about business & economy of Sikkim.

Economy of Sikkim

Resembling the most north-eastern states, Sikkim economy is primarily agrarian. However, there are other factors too, that define the state's economy, like agriculture, horticulture, tourism, mining, forestry, industries, etc. An interesting fact about the economy is that the factors are interdependent, for instance, the tourism industry is reliant on forestry and vice versa. Small scale industries are undergoing expansion in Sikkim; however, scarcity of mineral resources is a hindrance in their development. Other factors that contribute to the economy of Sikkim are horticulture, fisheries, mining, forestry, industries, power, and liquor. The State Government is emphasizing on upgrading the horticulture, agriculture, livestock and fisheries.

Tourism is regarded as the main element of the state's economy. Amidst salubrious climate, amazing natural vistas and cultural heritage, Sikkim has definitely great prospects in tourism. This picturesque state has many places of tourists' interest, like Nathu La Pass, snow-clad peaks, monasteries, unspoiled forest areas, waterfalls, and valley of flowers. Thus, with so many tourist attractions, Sikkim makes an ideal location to spend peaceful holidays.

Agriculture is known to be an important element of the economy of Sikkim. Seeing that most of the people live in the rural areas, agriculture serves as their main livelihood. The main cash crops of Sikkim are cardamom, tea and coffee, which also bring the maximum revenue to the state funds. The agricultural growth remains limited because of complex topography and other natural barriers.

Handicrafts, jewelry, tea, and big cardamom are the main source of business in Sikkim. Some of the major markets are the Old Market, New Market and Lal Market, which form the basis of buying and selling in Sikkim. Where handicrafts range from souvenirs, showpieces, canvas wall hanging, paintings, wood carvings, and carpets & rugs; jewelry is often concentrated on Dragon designs set with precious stones. Without any ado, the tea of Sikkim is an integral part of its business.