The Union Territory of Andaman and Nicobar Islands have immense collection of natural recourses. The fishing industry supports a major portion of the economy of Andaman and Nicobar islands. Besides agriculture is also a major revenue-earning source for the peasants of that island.
The hilly and plain agricultural lands of Andaman and Nicobar Islands are important source of income for the rural people of those areas. Seasonal vegetables, oilseeds, pulses, pepper, nutmeg, cinnamon are some special crops cultivated there. Even the economy at Andaman and Nicobar Islands to some extent, depends on the red oil, rubber, palm and cashew nut that are grown here marginally.
Other major industries that are also a big contributor to the Andaman and Nicobar islands’ economy include its handicrafts industry, minerals and energy resources. Even tourism is a big industry for the people of Andaman and Nicobar Islands. This land is full of natural beauties and the exotic collection of flora and fauna, which attract tourists worldwide. The innumerable tourist spots of Andaman and Nicobar islands support the tourism industry of the place.
The island abounds with lush green forests that are a storehouse of some rare variety of floras. As a result the timber industry have come up into the island. Woodcrafts are very beautiful that also plays a considerable role in the economy of Andaman and Nicobar islands.
Economy in Andaman and Nicobar Islands depend wholly on all the above factors.
For more information on Economy of Andaman and Nicobar Islands, click on the following links:
- Agriculture
- Handicrafts Industry
- Banks in Andaman and Nicobar Islands
- Industry of Fishing
- Industry of Tourism
- Natural Resources
- Livestock
- Forestry and Wildlife
- Mineral and Energy
