Economy of Majuli
Majuli’s economy is vastly diversified and dependant on sectors that are self sufficient primarily. It has a rich and diverse tradition for agriculture, growing rice of hundred different varieties, without any kind of artificial pesticide or fertilizer. Cultivators of the Kharif crop were uncertain because of flood until the embankment construction, which protect the crops from the floods where there is no breach. Rabi is the crop which is more successful and dependant for the people on it. Main crops grown in Majuli are Maize, Rice, other Cereals, Wheat, Vegetables, Black Gram, other food crops, Fruits, Castor, Jute, Cotton, Sugar Cane etc.
Sectors which are vastly prevalent in Majuli to uplift economic condition of people are Pisciculture: for more than 60 large water bodies known as Beels that catch fish which provides livelihood for large number of inhabitants. Pottery: this island is also famous for its Pottery in the entire valley for quality and design of their artifacts and productssuch as Boat making:
As it is a rain fed, flood prone and water Logged area boat making is an old tradition. Cattle farming/Dairy: which is having a huge land farming for cattle and dairy is one of sources for people livelihood. Handicrafts/furniture: cane works and Bamboo craft are main trades of the handicraft. Handloom: Majuli Women are expert in weaving and also their own cloths. Women of Mishing made a fabric which is world famous called "Mirizim" it is known for its pleasing colour and exotic design combination. Horticulture: as in the island there are suitable climatic condition and fertile land, it is area of economy, yet it is for non-commercial use. Sericulture: most of the inhabitants of the island are entirely depended on it by producing silk (raw) as well as value added products. Mineral Resources: as reported that Oil India Ltd., has discovered two wells of oil in that Island.