Economy of Tripura

Tripura's Economy

            Tripura's gross state domestic product for 2004 is estimated at $2.1 billion in current prices. Agriculture and allied activities is the mainstay of the people of Tripura and provides employment to about 64% of the population. There is a preponderance of food crop cultivation over cash crop cultivation in Tripura. At present about 62% of the net sown area is under food crop cultivation. Paddy is the principal crop, followed by oilseed, pulses, potato and sugarcane. Tea and rubber are the important cash crops of the State. Tripura has been declared the Second Rubber Capital of India after Kerala by the Indian Rubber Board. Handicraft, particularly hand-woven cotton fabic, wood carvings and bamboo products, are also important. The per capita income at current prices of the state stands at INRs 10,931 and at constant prices Rs 6,813 in the financial year 2000-2001.

Some quality timber like Sal, Garjan, Teak and Gamar are found abundantly in the forests of Tripura. Tripura has poor mineral resources, with meagre deposits of kaolin, iron ore, limestone, coal and natural gas. The industrial sector of the state continues to be highly underdeveloped.