Historically, Murikkady's development is intertwined with the growth of spice cultivation in the region. The area was initially covered in dense forests, gradually transformed into plantations during the colonial era and beyond. British planters recognized the favorable climate and soil conditions for growing spices like cardamom, pepper, and tea. This led to the establishment of numerous plantations, attracting workers and shaping the local economy. Over time, the plantations transitioned to local ownership, and Murikkady evolved into a significant spice trading center. Today, it balances its agricultural heritage with the growing tourism sector, offering visitors a glimpse into its rich history and natural beauty. The region's proximity to Periyar Tiger Reserve has also influenced its history, with conservation efforts playing an increasingly important role.