Andaman Nicobar Islands Economy has developed at a very insignificant rate. The Economy of Andaman Nicobar Islands depends on the agricultural, fishing, industrial, and tourism sectors. The gross domestic product of the state of Andaman and Nicobar Islands amounted to Rs. 1,900 million in 1990, in 1995 this figure stood at Rs. 6,750 million, and in 2000 this figure amounted to Rs. 9,560 million.
The Economy of the islands of Andaman Nicobar depends for its revenue on the agricultural sector. The total land used for agricultural production in the state is around 48,675 hectares. The various kinds of crops grown in Andaman Nicobar Islands are rice, wheat, oilseeds, and pulses. The important cash crops of the state are arecanut and coconut. Various kinds of fruits and vegetables such as mango, orange, pine- apple, banana, sapota, papaya, mango, tomato, and lady finger are cultivated in the state. In Andaman Nicobar Islands, spices like clove, cinnamon, pepper, and nutmeg are also grown. Red oil, cashew, palm, and rubber are also cultivated in the state though in a very small scale. The sector of agriculture has thus contributed a great deal to the Economy in Andaman Nicobar Islands.
The Economy in Andaman Nicobar Islands also gets its revenue from the fishing sector. There are around 2964 fishermen who are licensed and the total quantity of fish caught was around 27170 MT in 2001. The sector of fishing has helped the Economy of Andaman Nicobar Islands to grow by providing employment opportunity to so many people. The Economy in the islands of Andaman Nicobar depends for its revenue on the industrial sector. The main industries in the state include varnishes and paints, beverages and soft drinks, steel furniture, PVC fittings and conduit pipes. There are around 1,374 small scale units in Andaman Nicobar Islands. This sector has contributed to the growth of the Economy of Andaman Nicobar Islands.
Andaman Nicobar Islands Economy depends to a very large extend on the tourism sector. Andaman Nicobar Islands has a vast cover of jungles, sandy beaches, rich marine life, corals, and rich fauna and flora. All this attracts a lot of tourists to the state.
Andaman Nicobar Islands Economy depends for its revenue on many sectors but in spite of that the growth has been very slow. This has been due to the fact that the government of Andaman Nicobar Islands has not fully exploited the sectors.
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