In any country, the growth of the business sector i.e. the trade, commerce, and industry determines the economic development since they are the base of all activities and all developments. The Business Sector (BS) plays an important role in the economy of any country. The growth of BS is the parameter to measure the economic development in a country particularly developing country like that of India. The Study Area chosen for the present research work is the Andaman Islands in the union territory of the Andaman and Nicobar Islands. The Islands constitute the most isolated part of the Indian Union, stretching in North-South direction, separated from the Indian mainland by vast stretches of sea. The seat of Administration of Andaman & Nicobar Islands is at Port Blair, the capital of Andaman & Nicobar Islands.