Dadar and Nagar Haveli Economy has been growing at a steady pace. The gross domestic product of the union territory amounted to US$ 218 million in 2004. The Economy of Dadar and Nagar Haveli depends on the agricultural, animal husbandry, industrial, forest products, and tourism sectors.
The Economy of the union territory of Dadar and Nagar Haveli depends for its revenue on the agricultural sector. This is due to the fact that agriculture is the main occupation of the people of Dadar and Nagar Haveli. The total area of land under cultivation in the union territory is around 23,627 hectares. The various kinds of crops grown in Dadar and Nagar Haveli are paddy, millets, ragi, pulses, oilseeds, wheat, sugarcane, jowar, and tuvr. Many kinds vegetables are also grown in the union territory like tomato, cauliflower, brinjal, and cabbage. The sector of agriculture has given a major boost to the Economy in Dadar and Nagar Haveli. The Economy in the union territory of Dadar and Nagar Haveli also gets its revenue from the animal husbandry sector. The various kinds of animals found in the union territory are sheep, cattle, goats, and buffaloes. There are 2 centers for veterinary services and 1 veterinary hospital in Dadar and Nagar Haveli. This sector has contributed a great deal to the growth of the Economy of Dadar and Nagar Haveli. The Economy in Dadar and Nagar Haveli depends for its revenue on the industrial sector. In the union territory there are 4 estates for the industrial sector. The products manufactured in the industries of Dadar and Nagar Haveli are chemicals, watches, electrical fixtures, flooring tiles, silk art fabrics, spectacle frames, and detergent. The union territory also exports the products its manufactures to foreign countries. Thus this sector contributes to the growth of the Economy of Dadar and Nagar Haveli.
The Economy in Dadar and Nagar Haveli gets its revenue from the forest products sector. The total area in the union territory under forests cover is around 20852 hectares. The various kinds of woods found in Dadar and Nagar Haveli are teak, khair, sisam, sadra, and mahara. The sector of forest products has helped Dadar and Nagar Haveli Economy to grow. The tourism sector also contributes to the Economy in the union territory of Dadar and Nagar Haveli. There are many tourist spots in the union territory that attract the tourist to Dadar and Nagar Haveli. Thus the tourism sector has also helped the Economy of Dadar and Nagar Haveli to grow.
Dadar and Nagar Haveli Economy gets contribution from many sectors. And as the sectors are growing the economy of the union territory is also increasing at a regular pace.