Sikkim Economy | Sikkim Economics Project

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1. Sikkim Economics Project BY SILENT THOUGHTS …

2. What is Economics? Economics is a social science that deals with the production, distribution and consumption of goods and services. It studies how individuals, businesses, governments and nations make choices about how to allocate resources. Economics focuses on the actions of humans, based on assumptions that humans act with rational behavior, demanding the most optimal level of profit or usefulness. The building blocks of economics are the study of labor and business. Since there are many different ways of obtaining many potential applications and resources of human labor, it is the task of economics to determine which methods produce the best results. Economics can generally be broken into macroeconomics, focused on the behavior of the entire economy, and microeconomics, which focuses on individual people and businesses.

3. What is the economy? An economy is a large set of inter-related production, consumption and exchange activities that help determine how scarce resources are allocated. The production, consumption and distribution of goods and services are used to meet the needs of those living and operating within the economy, also known as an economic system.

4. About Sikkim Sikkim is a state of north-east India. It borders China's Tibet Autonomous Region in the north and northeast, Bhutan in the east, Nepal in the west and West Bengal in the south. Sikkim is also close to The Siliguri corridor of India near Bangladesh. Sikkim is the least populated and second smallest among Indian states. A part of the eastern Himalayas, Sikkim is notable for its biodiversity, which includes alpine and subtropical climates, as well as hosting Kangchenjunga, india's highest peak and the third highest on Earth. The capital and largest city of Sikkim is Gangtok . About 35% of the state is covered by Khangchandzonga National Park - a UNESCO World Heritage Site.

5. Sikkim Economy -Introduction The economy of Sikkim is mainly based on agriculture and animal husbandry. About 11% of the total geographical area is under agriculture. Agriculture is of a mixed type and is still at subsistence level rather than commercial level. As per census 1991, the workforce participation rate is 40.44%. The women participation rate in Sikkim is also much higher than the national average. This is an important aspect if productivity is low in the mountain economy and therefore all able-bodied people are employed in agriculture and other activities. The percentage of farmers for more and more people in the state is 57.84%. Overall, agricultural workers constitute only 7.81% of workers in the state, house hold and other industries are negligible, but other workers (tertiary sectors) at the state level show a good percentage of the population. The declining proportion of worker at the state level indicates a low level of economic diversification.

6. As per the budget for 2020-21, Rs 611.11 crore (US$82.38 million) were allocated for the development of agriculture and allied services sector. Sikkim will become self-reliant in foodgrain production within the next five years. The geographical and environmental conditions of Sikkim are conducive to the development of floriculture at higher altitudes. The state is also considered to be a state of flowers and is an innovator in the cultivation of gladiolas. Tourism in Sikkim has emerged as the new profession of the people of Sikkim with its vast natural potential. The promotion of village tourism, homestay, cultural tourism, trekking tourism, ecotourism, wellness tourism, flori -tourism and adventure tourism has promoted tourism trade in the state, where a large number of people are engaged under various employment opportunities. On January 30, 2019, the Union Tourism Minister inaugurated the first project under Swadesh Darshan Project at Zero Point in Gangtok , Sikkim. key area

7. agricultural sector

8. Area, Production and Productivity in Sikkim 2015-16 crop Area in hectares Production in tons Productivity (KG/HA) Rice 10.67 19.69 1845.25 Wheat 0.32 0.35 1071.21 Maize 38.96 68.31 1735.56 finger millet 2.85 2.91 1020.33 Barley 0.45 0.47 1055.93 Millet 3.57 3.47 972.27 Pulses 5.67 5.38 948.85 oilseed 6.94 6.31 909.75 Total 69.43 106.89 -

9. बार ग्राफ उत्पादकता

10. उद्योग और खनन

11. Sikkim Tourism

12. Year Domestic Tourists foreign tourist Total 2002 6234 591 6825 2003 7200 683 7883 2004 8316 789 9105 2005 9605 911 10516 2006 11094 1053 12146 2007 12813 1216 14029 2008 14799 1404 16204 2009 17093 1622 18715 2010 19743 1873 21616 Sikkim Tourism Table

13. Role of Government

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