Economy, jobs and prices in Sikkim, India: official figures
Net state domestic product per person, the usual measure of average income, was ₹587,743 in 2023-24 at current prices; the highest of 33 with figures. Five years earlier it was ₹375,773, a rise of 56% before inflation.
How big is Sikkim's economy?
The state's economy (gross state domestic product) was worth ₹48,937 crore (₹489.4 billion) in 2023-24 at current prices, 14.7% more than a year earlier.
Source: Reserve Bank of India · saved copyWhat are the main industries in Sikkim?
In 2023-24 services made up 30.2% of the value added in Sikkim's economy, manufacturing 33.1% and crop farming 6.8%, at current prices.
Source: Reserve Bank of India · saved copyHow much food does Sikkim grow?
Farmers in Sikkim produced 68,500 tonnes of foodgrains (rice, wheat, other cereals and pulses) in 2024-25, 0.02% of India's harvest; 3rd smallest of 31 with figures.
Source: Reserve Bank of India · saved copyWhat is the unemployment rate in Sikkim?
Unemployment in Sikkim in 2023-24 was 2.2% in rural areas and 3.0% in towns and cities (usual status, Periodic Labour Force Survey); all-India: 2.5% rural and 5.1% urban. Urban unemployment was 4th lowest of 35.
Source: Reserve Bank of India · saved copyWhat is inflation in Sikkim?
Consumer prices in Sikkim rose 2.5% on average in 2024-25, and food and drink prices by 4.6% (all-India: 4.6%). Over the same year fuel and light prices fell 12.6% and urban housing costs rose 5.0%.
Source: Reserve Bank of India · saved copyDo banks lend in Sikkim?
Commercial banks in Sikkim held ₹16,290 crore of deposits at the end of March 2025, about ₹231,700 per resident, and had lent ₹7,136 crore: a credit-deposit ratio of 43.4% (all-India: 80.1%; 10th lowest of 36). A low ratio means local savings are mostly lent elsewhere.
Source: Reserve Bank of India · saved copyMore figures
- Sikkim produced 81,000 tonnes of milk in 2023-24, 0.03% of the national total. Source: Reserve Bank of India · saved copy
- Indian tourists made 1.54 million visits to Sikkim in 2024 (0.05% of all domestic tourist visits; 11th fewest of 36). Source: Reserve Bank of India · saved copy
- Electricity available per person was 820 kWh in 2024-25 (all-India: 1,208 kWh). Source: Reserve Bank of India · saved copy
- 27.7% of the electricity fed into Sikkim's grid was lost in transmission and distribution in 2022-23, through technical losses, theft and unbilled supply (all-India: 17.7%). Source: Reserve Bank of India · saved copy
- NITI Aayog scored Sikkim 76 out of 100 on the Sustainable Development Goals India Index in 2023; joint 7th highest of 36. Source: Reserve Bank of India · saved copy
How Sikkim compares with other states
Urban unemployment rate (usual status) (2023-24)
Sikkim ranks 32 of 35, highest first.
| Rank | Region | Urban unemployment rate (usual status) |
|---|---|---|
| 29 | Mizoram | 3.4% |
| 30 | West Bengal | 3.3% |
| 31 | Tripura | 3.2% |
| 32 | Sikkim | 3.0% |
| 33 | Madhya Pradesh | 2.8% |
| 34 | Gujarat | 2.3% |
| 35 | Delhi | 2.0% |
Bank credit-deposit ratio (place of sanction) (March 2025)
Sikkim ranks 27 of 36, highest first. Loans made in the state per ₹100 of deposits held there.
| Rank | Region | Bank credit-deposit ratio (place of sanction) |
|---|---|---|
| 24 | Uttar Pradesh | 50.9% |
| 25 | Odisha | 48.1% |
| 26 | Dadra and Nagar Haveli and Daman and Diu | 44.9% |
| 27 | Sikkim | 43.4% |
| 28 | Ladakh | 43.3% |
| 29 | Tripura | 43.2% |
| 30 | Uttarakhand | 41.5% |
More on Sikkim: overview · health · education and schools · poverty and living standards · government budget · India
Sources
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 153: State-wise Credit-Deposit Ratio of Scheduled Commercial Banks - According to Place of Sanction, read 23 October 2026 · saved copy (SHA-256 536e5d4415d4…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 108: State-wise Average Inflation (CPI) - General, read 23 October 2026 · saved copy (SHA-256 1dd5a612f16c…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 62: State-wise Production of Total Foodgrains, read 23 October 2026 · saved copy (SHA-256 7674a11e229b…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 21: Gross State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 307860e934ba…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 91: State-wise Milk Production, read 23 October 2026 · saved copy (SHA-256 3607285ce982…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 19: Per Capita Net State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 1f90818b79f1…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 138: State-wise Per Capita Availability of Power, read 23 October 2026 · saved copy (SHA-256 3004b58b5f81…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 106: State-wise Sustainable Development Goals (SDGs) Score, read 23 October 2026 · saved copy (SHA-256 f18c2f57a295…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 49: Gross State Value Added by Economic Activity - Services (Current Prices), read 23 October 2026 · saved copy (SHA-256 231843665df0…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 148: State-wise Electricity Transmission & Distribution Losses, read 23 October 2026 · saved copy (SHA-256 7ba079aa2389…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 13: State-wise Domestic Tourist Visits, read 23 October 2026 · saved copy (SHA-256 14ecc37284d7…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 9: State-wise Unemployment Rate: Usual Status (Adjusted) (Urban), read 23 October 2026 · saved copy (SHA-256 4eef6c004595…)
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