2. ACKNOWLEDGEMENT
I would like to express my special thanks of gratitude to
my teacher Mrs Anjali Paliwal as well as our principal
Mr. R.P. Tyagi who gave me the golden opportunity to
do this wonderful project on the topic Economy of
sikkim, which also helped me in doing a lot of Research
and i came to know about so many new things I am
really thankful to them.
Secondly i would also like to thank my parents and
friends who helped me a lot in finalizing this project
within the limited time frame.
4. Sikkim, state of India is located in the
northeastern part of the country, in the
eastern Himalayas. It is one of the
smallest states in India. Sikkim is
bordered by
the Tibet Autonomous Region
of China to the north and northeast,
by Bhutan to the southeast, by the
Indian state of West Bengal to the
south, and by Nepal to the west. The
capital is Gangtok, in the southeastern
part of the state.
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7. History o sikki .
The state’s name is derived from
the Limbu words su him, meaning “new house.”
The Lepcha were early inhabitants of the
region, apparently assimilating the Naon ,
Chang Mon, and other tribes.
The Bhutia began entering the area
from Tibe in the 14th century. When the
kingdom of Sikkim was established in
1642 Phuntsog Namgyal, the
firs chogya (temporal and spiritual king),
came from the Bhutia community. The
Namgya dynasty ruled Sikkim until 1975. 6
8. Economy.
An economy is an area of the production, distribution,
or trade, and consumption of goods and Services by
different agents.
Economic activity is spurred by production which uses
natural resources, labor, and capital.
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11. Economy of Sikkim.
Sikkim's nominal state gross domestic product (GDP)
was estimated at US$1.57 billion in 2014 constituting
the third-smallest GDP among India’s 29 states. The
State's economy is largely agrarian based on the
terraced farming of rice and the cultivation of crops
such as maize, wheat, barley, tea, and cardamom.
Brewing, distilling, tanning and watchmaking are the
main industries. In addition, a mining industry exists in
Sikkim extracting minerals.
Tourism is also one of the important part of Sikkim’s
Economy. It provides the major thrust to its economy.
12. agRiCultuRe.
Corn (maize), rice,
buckwheat, wheat, and barley are
produced in terraced fields along
the valley flanks. Beans, ginger,
potatoes, vegetables, fruits,
Cardamom and tea also are grown.
Many of Sikkim’s farmers also raise
livestock, including cattle, pigs,
sheep, goats, and poultry. Cattle
and buffalo are limited mainly to
the subtropical humid belt, while
yaks and sheep are herded in the
higher elevations in the north. 11
14. induStRy & mining.
The state attracted Foreign Direct Investment
(FDI) equity inflow worth US$ 5.85 billion during
April 2000 and September 2019 according to the
data released by Department for Promotion of
Industry and Internal Trade (DPIIT).
Sikkim is the only state which offers excise
benefits and major players from the
pharmaceutical industry have set up their
manufacturing units in the state. Few of these are
Cipla, Sun Pharma, Zydus Cadila, Alembic, IPCA,
Alkem Lab, Intas Pharma.
15. induStRy & mining.(Contd.
Sikkimhad a total installed powergeneration
capacity of 674.43 MW, of which 166.25 MWwas
undercentral utilities, 96.07 MWwas under
private utilities and 412.11 MWwas understate
utilities.
Copper,lead, an zin are minedin Sikkim.The
state also has deposits of other minerals,
includin coa graphite, and limestone.Only a
fraction of Sikkim’smineralresourcesare
commerciallyexploited.
18. Tourism in Sikkim gained popularity
during the last decade with an
increasing number of tourists visiting
this hilly region for its natural beauty.
Till the early ’90s, few tourists would
visit this landlocked state. Even those
who visited hardly went beyond
Gangto , the state capital.
During the last two decades, tourism
has seen a major boost in the state with
close to a million tourists visiting
Sikkim every year.
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20. Sikkim witnessed an increase of almost 90 per
cent in the arrival of foreign tourists in 2019
compared to the previous year thanks to the lifting
of restrictions on the visit of Bangladeshi
nationals to the Himalayan state.
According to the data released by the Sikkim
tourism department, 1,33,388 foreigners visited
Sikkim in 2019, which is 62,216 more than the
71,172 tourists who had toured the state in 2018.
According to the data released by the Sikkim
tourism department, 1,33,388 foreigners visited
Sikkim in 2019, which is 62,216 more than the
71,172 tourists who had toured the state in 2018.
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