Overview
Punjab, known as the "Granary of India," recorded a GSDP of ₹7.80 lakh crore in 2023–24, with a growth rate of 8.2%. The state’s per capita income is ₹2,13,830, reflecting a stable and resilient economy. Punjab is a major contributor to India’s agricultural output, particularly in food grains, and has a growing manufacturing and services sector. Chandigarh, the capital, is a leading center of administration and business in the region.
Why Invest in Punjab
- Agricultural Leadership: Key producer of wheat, rice, and milk.
- Strategic Location: Proximity to major markets in North India and international trade routes.
- Strong Industrial Base: A thriving manufacturing sector, particularly in textiles, machinery, and electronics.
- Skilled Workforce: High literacy rates and a growing skilled labor pool.
Incentives & Schemes
- Industrial Policy: Focus on enhancing the industrial base with subsidies and tax incentives.
- Agricultural Reforms: Government-backed schemes for modernization of agricultural practices and cold storage infrastructure.
- Infrastructure Development: Investment in road, rail, and air connectivity.
Key Economic Data: Punjab
| Category |
Details |
| Capital |
Chandigarh |
| GSDP (2023–24) |
₹7.80 lakh crore |
| Growth Rate |
8.2% |
| Per Capita Income |
₹2,13,830 |
| Top Sectors |
Agriculture, Manufacturing, Services |
| FDI Share in India |
3% |
| Top FDI Sources |
USA, UK |
| Cumulative FDI (FY2024) |
₹3,200 crore (Q1) |
| Policy Impact |
Focus on industrial growth and agri-tech |
| Recent FDI |
₹650 crore (2020–21) |
Latest Insights
- Punjab attracted ₹3,200 crore FDI by Q1 FY2024.
- Agriculture remains the dominant sector, complemented by growth in manufacturing and services.
- State policies are driving improvements in infrastructure and industrial expansion.
