Daman's economy is largely driven by manufacturing and tourism. The city benefits from favorable tax policies that have attracted numerous industries.
* **Industrial Estates:** Key business hubs include the Somnath, Kadaiya, and Dabhel industrial estates. * **Major Sectors:** Manufacturing is dominated by plastics, pharmaceuticals, textiles, and packaging. * **Tourism & Hospitality:** Proximity to the neighboring dry state of Gujarat makes Daman a booming market for hospitality, resorts, and beverage retail.
