The economy of Majuli is primarily agrarian and deeply traditional. The island lacks heavy industry, relying instead on agriculture, allied activities, and a burgeoning eco-tourism sector.
While per capita income is generally lower than the national average due to its rural and geographically isolated nature, the local economy is sustained by self-sufficient practices. Tourism has become a vital economic pillar, bringing in domestic and international visitors drawn to the Sattras, local tribal culture, and pristine environment. Future economic development is heavily dependent on the completion of the bridge connecting Majuli to Jorhat, which is expected to drastically reduce freight costs and improve market access for local artisans and farmers.
