Economy of Andaman and Nicobar Islands

Economy of Andaman and Nicobar Islands

Economic Infrastructure

• The Andaman and Nicobar Islands have a limited economic infrastructure, with a focus on:
  • Agriculture: With a large area under forest cover, agriculture is mainly limited to paddy, coconut, and spices.
  • Tourism: The islands' natural beauty and rich biodiversity make tourism a significant contributor to the economy.
  • Fisheries: With a long coastline, fisheries play a crucial role in the economy.
  • Small-scale industries: Handicrafts, coir, and shell crafts are some of the small-scale industries present in the islands.

Poverty Rate

• As of 2011-12, the poverty rate in Andaman and Nicobar Islands was:
  • 14.4% of the population living below the poverty line (BPL)
  • The poverty ratio is higher in rural areas (15.6%) compared to urban areas (11.4%)

Human Development Index (HDI)

• As of 2018, the HDI value for Andaman and Nicobar Islands was:
  • 0.714, ranking 11th among 36 states and union territories in India
  • Life expectancy at birth: 72.4 years
  • Expected years of schooling: 11.4 years
  • Gross national income (GNI) per capita: ₹134,885

Sectorial Contribution to GDP

• As of 2018-19, the sectorial contribution to the GDP of Andaman and Nicobar Islands was:
  • Primary sector (agriculture, forestry, and fishing): 24.1%
  • Secondary sector (industry): 23.5%
  • Tertiary sector (services): 52.4%

GDP Growth Rate

• The average annual GDP growth rate of Andaman and Nicobar Islands from 2012-13 to 2018-19 was:
  • 7.4%
  • The growth rate has been steadily increasing, with a high growth rate of 10.3% in 2016-17

Economy of Andaman and Nicobar Islands

Economic Infrastructure

• Agriculture is limited, with a focus on paddy, coconut, and spices due to the large area under forest cover.
• Tourism is a significant contributor to the economy due to the islands' natural beauty and rich biodiversity.
• Fisheries play a crucial role in the economy due to the long coastline.
• Small-scale industries, such as handicrafts, coir, and shell crafts, are present in the islands.

Poverty Rate

• The poverty rate in Andaman and Nicobar Islands was 14.4% as of 2011-12.
• The poverty ratio is higher in rural areas (15.6%) compared to urban areas (11.4%).

Human Development Index (HDI)

• The HDI value for Andaman and Nicobar Islands was 0.714 as of 2018, ranking 11th among 36 states and union territories in India.
• Life expectancy at birth is 72.4 years.
• Expected years of schooling are 11.4 years.
• Gross national income (GNI) per capita is ₹134,885.

Sectorial Contribution to GDP

• As of 2018-19, the sectorial contribution to the GDP was:
  • Primary sector (agriculture, forestry, and fishing): 24.1%.
  • Secondary sector (industry): 23.5%.
  • Tertiary sector (services): 52.4%.

GDP Growth Rate

• The average annual GDP growth rate from 2012-13 to 2018-19 was 7.4%.
• The growth rate has been steadily increasing, with a high growth rate of 10.3% in 2016-17.