The Annual Plan for the year 2013-14 for the state of Sikkim was finalized on 3 April 2013. The plan size was agreed at 2060 crore rupees at a meeting between Deputy Chairman, Planning Commission, Montek Singh Ahluwalia and Chief Minister of Sikkim, Pawan Chamling.
The per capita NSDP of Sikkim has increased by 159.28% from 2004-05 to 2011-12 which is higher than the increase in national per capita NNI of 62.13% for the same period. Poverty ratio in Sikkim has declined by about 10 percentage points. The number of persons below poverty line in Sikkim has fallen to a great extent. The State needs to match up with the National Average to perk up its ranking. Monthly per capita income of people of Sikkim, both urban and rural, has been well above the National average.
Sikkim has managed to leverage its natural advantages and central resources to bring the growth rate of its economy and per capita income at successful level. State is striving towards higher achievements within the framework of 12th Five Year Plan of the Government of India.
The industrial base comprises of fruit processing, brewing & distilling and pharma companies. Tourism accounts for almost 8 per cent of the GSDP. Sikkim is dependent on central transfers & has relatively high level of capital expenditure which has sometimes resulted in very large fiscal deficits.