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Industrial Development & Economic Growth in Lakshadweep

Last updated on Mar, 23 2021

Economic Snapshot: Lakshadweep
Per capita Income of Lakshadweep

 

Factfile

  • Capital:Kavaratti
  • Geographical Area (sq km):32
  • Administrative Districts:1
  • State Language:Malayalam, Mahl, Bengali, Oriya, Tamil, Urdu and Hindi
  • Literacy Rate:92.28%
  • Key Industries:Fishery, Agriculture and Tourism

lakshadweep State Report | December, 2020

Lakshadweep is India’s smallest union territory (with a total area of 32 sq. km) consisting of 36 islands. The state has 12 atolls, three reefs, five submerged banks and ten inhabited islands. The geographical location of Lakshadweep provides the Indian Navy with greater outreach, around the western Indian Ocean, for patrolling and surveillance. Consequently, to boost power projection capabilities of the Navy, it can be used to great advantage.

The abundance of Lakshadweep Islands has provided India with 20,000 sq.km. of territorial waters and ~400,000 sq.km. of Economic Zone Exclusive (EEZ). There are valuable fisheries and mineral resources in the lagoons and EEZ around the Lakshadweep Islands are of enormous economic significance.

In 2020, the government announced optical fibre cable (OFC) connectivity in Lakshadweep. OFC and submarine OFC connectivity in to all Lakshadweep Islands will enable people in rural areas/villages and all islands to avail cheaper and better connectivity and all benefits of Digital India, improve online education, telemedicine, banking, online trading; boost tourism and skills growth

In 2019-20, the total merchandise exports from Lakshadweep stood at US$ 2.56 million, recording an increase of 524.5% on a YoY basis. In January 2020, the government of India listed 10 islands for holistic development in Lakshadweep to promote tourism and offer facilities to export seafood and coconut products.

Key Sectors:

In Lakshadweep, the estimated potential of marine fishery resources is about one lakh tonnes of tuna and tuna such as fished and shark. A comparison with other similar states and union territories also reflect the scope to increase fishery production in the islands.

In Lakshadweep, tourism is one of the few areas that can play a vital role in generating revenue, jobs and overall island growth. In 2019, 7,805 tourists were estimated to arrive in Lakshadweep.

In February 2020, the Ministry of Tourism took initiatives under ‘Ek Bharat Shreshtha Bharat Programme’—‘Andaman-Lakshadweep Mahotsav’ to promote their products and boost tourism in the states.

In 2020, UDAN 4.0 scheme, under the Ministry of Civil Aviation (MoCA), invited tenders for

1. An underserved airport, Lakshadweep Island airstrip, with an emphasis on island connectivity.

2. In Lakshadweep Island, which is up for bidding, the ministry also recognised that efforts are underway to provide the region with aerial connectivity.

Factfile

  • Capital:Kavaratti
  • Geographical Area (sq km):32
  • Administrative Districts:1
  • State Language:Malayalam, Mahl, Bengali, Oriya, Tamil, Urdu and Hindi
  • Literacy Rate:92.28%
  • Key Industries:Fishery, Agriculture and Tourism
Lakshadweep Map

Lakshadweep