The correct answer is: All of the above.
Sikkim is a small state in the Himalayas with a population of just over 700,000 people. The state has a limited resource base and a small economy. This can be a challenge for generating sufficient revenue, ensuring long-term fiscal sustainability, and funding ambitious development projects.
Sikkim’s limited resource base means that the state has a small tax base and limited natural resources to exploit. This makes it difficult to generate sufficient revenue to meet the state’s needs. Sikkim’s small economy also means that the state has a limited domestic market and limited opportunities for economic growth. This can make it difficult to ensure long-term fiscal sustainability.
Sikkim’s limited resources and small economy can also be a challenge for funding ambitious development projects. The state has a number of development priorities, including improving infrastructure, education, and healthcare. However, the state’s limited resources make it difficult to fund these projects.
In order to address these challenges, Sikkim will need to find ways to generate more revenue, diversify its economy, and attract investment. The state will also need to prioritize its development projects and focus on those that are most essential.