Overview
Chandigarh, the capital city of both Haryana and Punjab, recorded a GSDP of ₹16,000 crore in 2023–24, with a growth rate of 9.5%. The city’s per capita income stands at ₹5,70,000, one of the highest in India. Known for its urban planning and green spaces, Chandigarh's economy is driven by services, including IT, education, healthcare, and public administration. The city also plays a significant role as a commercial hub in northern India.
Why Invest in Chandigarh
- High Per Capita Income: One of the highest in India, reflecting the city’s affluent population.
- IT and Education Hub: Boasts a growing IT sector and well-established educational institutions.
- Strategic Location: Proximity to Punjab, Haryana, and Himachal Pradesh provides a favorable market access.
- Government Support: Policies focused on urban development, education, and IT growth.
Incentives & Schemes
- IT Sector Development: Incentives for IT startups and technology-driven businesses.
- Educational Infrastructure: Schemes for the expansion of educational institutions and vocational training centers.
- Urban Development: Focus on smart city initiatives, infrastructure, and green projects.
Key Economic Data: Chandigarh
| Category |
Details |
| Capital |
Chandigarh |
| GSDP (2023–24) |
₹16,000 crore |
| Growth Rate |
9.5% |
| Per Capita Income |
₹5,70,000 |
| Top Sectors |
Services (IT, Education, Healthcare, Public Administration) |
| FDI Share in India |
0.1% |
| Top FDI Sources |
Singapore, UAE |
| Cumulative FDI (FY2024) |
₹350 crore (Q1) |
| Policy Impact |
Focus on education, IT, and urban infrastructure |
| Recent FDI |
₹100 crore (2020–21) |
Latest Insights
- Chandigarh attracted ₹350 crore in cumulative FDI by Q1 FY2024.
- Urban development projects and green initiatives are central to the city’s growth strategy.
- The IT sector and education infrastructure continue to drive the economy.
