Manipur Economy is based on agriculture, forest products, industries, mining, and tourism sectors. The gross domestic product of the state amounted to Rs. 8,210 million in 1990, this figure stood at Rs. 16,270 million in 1995, and in 2000 this figure increased to Rs. 29,200 million. The Economy of Manipur grew at the rate of 12.90% from 1980 to 1997. The agricultural sector has been growing at the rate of 10.69% per year and the manufacturing sector has been growing at the rate of 10.53% per year.
The Economy in the state of Manipur depends mainly on the agricultural sector for it is the biggest livelihood source for the rural people. The various kinds of crops grown in Manipur are rice, maize, pulses, and wheat. The cultivation in the state is done using the Jhumming and terraced cultivation methods. Various kinds of fruits and vegetables such as pine- apple, orange, mangoes, lemons, carrot, ladies finger, cabbage, and pea are also grown in Manipur. The agricultural sector contributes a great deal of revenue to the Economy in Manipur.
The Economy of the state of Manipur also gets its revenue from the sector of forests products as the state has a huge forest cover. Various kinds of forest products are manufactured and sold all over the country and even exported to foreign countries. This has given a major boost to Manipur Economy. The Economy in the state of Manipur also depends to a certain extend on the industrial sector. Although this sector is not that well developed, the state government is making efforts to make the state more industrialized. In Manipur small industrial units has been established more than 7700 in number. Also industries related to cement, drugs and pharmaceuticals, plastic, and steel has been set up in Manipur. This has contributed to the growth of the Economy of Manipur.
The Economy in the state of Manipur also gets revenue from the mining sector. But the exploitation of this sector has not been extensive which has hampered the growth of the economy of the state. Manipur Economy gets very little revenue from the tourism sector. This is due to the fact that the geographical isolation of the state has hampered the growth of the tourism sector in Manipur. The major reasons behind the slow growth of the Economy of Manipur are that the infrastructure of the state is not well developed. The terrain of the state is also hilly which makes communication difficult.
Manipur Economy has showed slow growth. That it rises the state government has taken efforts by setting up more industries and also by developing the infrastructure. This sure is to boost the Economy in the state of Manipur.