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Economy of Nagaland

Economy of Nagaland presents a host of sectors that collectively generate revenue for this northeastern state of India. Agriculture is the mainstay of Nagaland. As much as 70% of the total population of Nagaland is engaged in farming activities. Terrace and jhum cultivation are the two methods by which crops are grown in the state of Nagaland.

The water supply industry of Nagalnd is another major segment of the state which contributes significantly towards the growth of the economy. Facilitating the supply of water to various agricultural and industrial corners of Nagaland, the water supply department plays a vital role in enhancing the economic stability of the state.

Livestock is another key economic factor of Nagaland which includes fishery, animal husbandry, cattle farming, piggery and poultry. There are many industrial units in Nagaland that provide a major boost to the economic development of the state. The medium scale industries of Nagaland that generate huge amount of revenue are located in various parts of the state.

The state of Nagaland boasts of a huge stock of minerals too like that of coal, natural gas, decorative stones, petroleum, marble, nickel, cobalt-chromium bearing magnetite and so on. The banks located in Nagaland are also known to be a major facilitator in the economic progress of the state. The tourism industry of Nagaland is counted as one of the prime contributors of economic enhancement of the place. This is because with its rich natural treasure Nagaland attracts thousands of tourists within its premises round the year.

There is no denying the fact that economy of Nagaland is the symbol of the progressive and rapidly growing phase of the state.

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