Sikkim: Economic Highlights

Overview
Sikkim, a small but rapidly developing state in the northeastern region, recorded a GSDP of ₹43,000 crore in 2023–24, with a growth rate of 10.8%. The state’s per capita income stands at ₹3,58,000, one of the highest in India. Sikkim's economy is largely driven by agriculture, horticulture, and tourism, with increasing contributions from hydropower and manufacturing. Gangtok, the capital, is the key commercial hub, while the state’s natural beauty and organic farming are major attractions for both domestic and international tourists.

Why Invest in Sikkim

• Tourism Growth: A hotspot for eco-tourism, adventure tourism, and wellness tourism.
• Organic Farming: The first fully organic state in India, with growing opportunities in organic food exports.
• Hydropower Potential: Large untapped potential in hydropower generation.
• Government Incentives: Supportive policies in sectors like tourism, agriculture, and renewable energy.

Incentives & Schemes

• Organic Agriculture: Special incentives for organic farming and organic product exports.
• Tourism Development: Tax benefits and subsidies for tourism infrastructure and hospitality projects.
• Renewable Energy: Focus on hydroelectric power generation with attractive investment incentives.

Key Economic Data: Sikkim

Category	Details
Capital	Gangtok
GSDP (2023–24)	₹43,000 crore
Growth Rate	10.8%
Per Capita Income	₹3,58,000
Top Sectors	Agriculture, Horticulture, Tourism, Hydropower
FDI Share in India	0.01%
Top FDI Sources	Bhutan, Singapore
Cumulative FDI (FY2024)	₹500 crore (Q1)
Policy Impact	Focus on sustainable development, organic agriculture, and renewable energy
Recent FDI	₹150 crore (2020–21)

Latest Insights

• Sikkim attracted ₹500 crore in cumulative FDI by Q1 FY2024.
• Organic farming and eco-tourism continue to be key growth drivers.
• Government policies are fostering investment in renewable energy, particularly in hydropower projects.