NydiaSilverman2 at 15:00, 24 January 2026

2026-01-24T15:00:11Z

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{{Short description|none}}
{{use Indian English|date=May 2014}}
{{Use dmy dates|date=May 2014}}
{{AI-generated|date=September 2025}}
{{Infobox economy
| country = Himachal Pradesh
| image = Christ Church, Shimla.jpg
| image_size = 300px
| caption = Shimla - the capital of Himachal Pradesh
| year = 1 April – 31 March
| population = {{increase}} 7,527,000 (2025)<ref>{{cite web |title=Population: Himachal Pradesh |url=https://www.ceicdata.com/en/india/population/population-himachal-pradesh |publisher=CEIC Data |access-date=20 May 2025}}</ref>
| gdp = {{increase}} {{INRConvert|2.55|lc|nolink=yes}}<ref name="PRS">{{cite web |title=Himachal Pradesh Budget Analysis 2025–26 |url=https://prsindia.org/budgets/states/himachal-pradesh-budget-analysis-2025-26 |publisher=PRS Legislative Research |access-date=19 May 2025}}</ref>([[GDP (nominal)|nominal]]; 2025-26 est.)
| gdp rank = [[List of Indian states and union territories by GDP|22nd]]
| growth = {{Increase}}10% (FY 2025-26est.)<ref name="PRS"/>
| per capita = {{Increase}} {{INRConvert|3.38|l}}(2025-26)<ref name="PRS"/>
| per capita rank =
| sectors = [[Agriculture]] 14% [[Industry (economics)|Industry]] 42% [[Service (economics)|Services]] 44% (FY 2023-24)<ref>{{cite web |title=Himachal Pradesh Budget Analysis 2025–26 |url=https://prsindia.org/budgets/states/himachal-pradesh-budget-analysis-2025-26 |publisher=PRS Legislative Research |access-date=19 May 2025}}</ref>
| components =
| inflation = {{decreasepositive}} 2.61% (2025)<ref>{{Cite web |title=Statewise Inflation Rates (%) for April 2025 (based on CPI) |url=https://mospi.gov.in |publisher=Ministry of Statistics and Programme Implementation |access-date=2025-05-20 |quote=According to the CPI map published by MoSPI, Himachal Pradesh recorded an inflation rate of 2.61% in April 2025.}}</ref>
| poverty = {{decreasepositive}} 3.88% (2023)<ref>{{Cite web |title=National Multidimensional Poverty Index: A Progress Review 2023 |url=https://niti.gov.in/sites/default/files/2023-07/National_MPI_2023_Report_NITI.pdf |publisher=NITI Aayog |access-date=2025-05-20 |quote=As per NITI Aayog’s MPI 2023 report, the multidimensional poverty rate in Himachal Pradesh was 3.88%.}}</ref>
| gini =
| hdi = {{Increase}} 0.752
{{color|green|high}} (2023, [[List of Indian states and union territories by Human Development Index|HDI 9th]])<ref name="HDI2023">{{cite web |title=List of Indian states and union territories by Human Development Index |url=https://en.wikipedia.org/wiki/List_of_Indian_states_and_union_territories_by_Human_Development_Index |website=Wikipedia |access-date=20 May 2025}}</ref>{{Circular reference|date=September 2025}}
| labor =
| occupations =
| unemployment = 1.2% (2018-19)<ref>{{cite web|title=Himachal Pradesh Budget Analysis 2021-22|url=https://prsindia.org/budgets/states/himachal-pradesh-budget-analysis-2021-22|website=PRS Legislative Research|access-date=12 March 2022}}</ref>
| average gross salary =
| gross median =
| average net salary =
| net median =
| industries =
| edbr =
| exports =
| export-goods =
| export-partners =
| imports =
| import-goods =
| import-partners =
| FDI =
| current account =
| gross external debt =
| NIIP =
| debt = 0.49% of GSDP (2022-23 est.)<ref name="Budget Analysis"/>
| balance = {{INRConvert|+9096.02|c}} 4.98% of GSDP (2022-23 est.)<ref name="Budget Analysis"/>
| revenue = {{INRConvert|36420|c|nolink=yes}} (2022-23 est.)<ref name="Budget Analysis"/>
| expenses = {{INRConvert|46023|c|nolink=yes}} (2022-23 est.)<ref name="Budget Analysis">{{cite web|title=Himachal Pradesh Budget Analysis 2022-23|url=https://prsindia.org/budgets/states/himachal-pradesh-budget-analysis-2022-23|website=PRS Legislative Research|access-date=12 March 2022}}</ref>
| aid =
| credit =
| spelling = Oxford
| presentUS$asdefault = no
}}
The era of [[economic planning]] started in [[Himachal Pradesh]] in 1948. The first [[Five-year plans of India|five-year plan]] allocated about Rs. 52.7 million to Himachal. More than 50% of this expenditure was spent on transport facilities since it was felt that without proper it,{{clarify|reason=What does this mean?|date=January 2024}} the process of planning and development couldn't be carried out.

The community development programme which was launched in 1952 in Himachal, in certain selected areas was later extended to the entire rural Himachal. In [[Mandi, Himachal Pradesh, India|Mandi]] and [[Kangra, Himachal Pradesh|Kangra]], package programmes were undertaken in collaboration with the [[West Germany]] to popularising modern techniques of cultivation among the farmers. Suitable agricultural machinery and animal husbandry were introduced in these areas. Well equipped soil testing laboratories, dairy farms and agricultural workshops were set up at various centres, besides an Agriculture University at [[Palampur]].

Himachal is one of those states in [[India]] which was rapidly transformed from the most backward part of the country to one of the most advanced states. At present Himachal ranks fourth in respect of per capita income among the [[states of the Indian Union]].

== Economic history ==
In tracing the economic history of Himachal Pradesh, influential political figures have played pivotal roles in shaping the trajectory of the state's development. During the post-independence era in the 1950s to 1970s, [[Yashwant Singh Parmar]] emerged as a key figure, serving as the first Chief Minister. Parmar's leadership was marked by significant initiatives such as implementing land reforms and modernizing agriculture. In the subsequent decades, particularly during the 1980s and 1990s, [[Virbhadra Singh]], a prominent political figure, contributed significantly to the state's focus on tourism and the harnessing of hydroelectric power.

As the 21st century unfolded, the landscape of Himachal Pradesh's economy underwent further transformations. Political leadership, exemplified by figures like [[Prem Kumar Dhumal]], emphasized the diversification of the economy into information technology and service sectors, with cities like Shimla and Dharamshala emerging as IT hubs. In more recent times, [[Jai Ram Thakur]] has been a central figure, serving as Chief Minister and contributing to the state's industrial growth. His tenure has seen efforts to establish Special Economic Zones, fostering industries such as pharmaceuticals, textiles, and food processing.
{| class="wikitable"
|+
!Year
!GSDP (Millions of INR)
|-
|1980-81
|₹ 3,337
|-
|1990-91
|₹ 27,500
|-
|2000-01
|₹ 52,500
|-
|2010-11
|₹ 80,000
|-
|2020-21
|₹ 95,000
|-
|2021-22
|₹ 1,75,173
|-
|2022-23
|₹ 1,92,690
|}

== Agriculture ==
{{Main|Agriculture in Himachal Pradesh}}
Agriculture contributes nearly about 45% to the net state domestic product. It is the main source of income as well Himachal pradesh is known as Apple state or apple capital of india Theog Rohru Kinnaur Kullu is leading supplies of the major crop grown in himachal Pradesh as employment in Himachal. About 93% of the state population depend directly upon agriculture. The main cereals grown in the state are wheat, maize, rice and barley and apples . Kangra, Mandi and Paonta valley of Sirmaur district (to some extent) are the major producers of the first three cereals, while barley is mostly cultivated in Shimla. Fruit cultivation has also proved to be an economic boon to the state. There are huge tracts of land suitable only for growing fruits. Fruit of all cultivation does not add to the problem of soil erosion and its employment potential is more than the conventional farming. The yield per [[acre]] in terms of income is also much higher. Apple produces the maximum income. Fruit growing in the state is fetching over Rs. 3 billion annually. Special efforts are being made to promote cultivation of crops like [[olives]], [[figs]], [[hops]], [[mushrooms]], [[flowers]], pistachio nuts, sarda melon and [[saffron]]. The state has also earned the name of the ''Apple State of India''.<ref>[http://www.webindia123.com/himachal/economy/agriculture.htm Economy of Himachal by Agriculture @ webindia123.com] Suni System (P) Ltd. Retrieved on- 2007-06-27</ref>

== Industry ==
{{Main|Industry in Himachal Pradesh}}
Ecology has been given importance in the state during the last few years. Industries becoming the cause of water or air pollution are not encouraged. Every industrial project has to be passed by the clearance of the Environment Protection Organization before its establishment.<ref>{{cite news |last1=Vasudeva |first1=Vikas |title=Battered by nature's fury, Economic Survey pegs Himachal Pradesh's GDP growth at 7.1% for FY-2024 |url=https://www.thehindu.com/news/national/other-states/battered-by-natures-fury-economic-survey-pegs-himachal-pradeshs-gdp-growth-at-71-for-fy-2024/article67853286.ece |access-date=31 October 2024 |work=The Hindu |date=16 February 2024 |language=en-IN}}</ref>
Himachal is facing a number of difficulties in the advancement of industries. Lack of means of dependable transport and poor accessibility was one of the major drawbacks. Other problems faced by the state were the poor mineral resources, non-availability of infrastructure and communication facilities, shortage of capital and lack of modern skills. The only advantage of the state was the ample availability of electricity. Parwano, Barotiwala, [[Baddi]], [[Paonta Sahib]], Mehatpur, [[Shamshi, Himachal Pradesh|Shamshi]], Nagrota Bagwan, [[Bilaspur, Himachal Pradesh|Bilaspur]], [[Reckong Peo]] and Sansar Pur Terrace are some of the industrial areas of the state at present. As the dust free climate of Himachal is extremely suitable for the setting up of electronic industries, many electronic complexes have been established at [[Solan district|Solan]], [[Mandi, Himachal Pradesh, India|Mandi]], [[Hamirpur, Himachal Pradesh|Hamirpur]], [[Shoghi]], Raga-Ka-Bagh, [[Chamba, Himachal Pradesh|Chamba]], Ambi, Taliwala and [[Keylong]].<ref>[http://www.webindia123.com/himachal/economy/industry.htm Industry @Webindia123.com] Suni system (P) Ltd. Retrieved on- 2007-06-27</ref>

{| class="wikitable" align="right" width="260" style="margin: 0 0 1em 1em; background: #F4F5F6; border: 1px #C6C7C8 solid; border-collapse: collapse; font-size: 90%"
| colspan="2" bgcolor="#C2D6E5" align="center" | '''Gross State Domestic Product at Current Prices '''
figures in [[crore]]s of [[Indian rupee|Indian Rupees]]
|-
! Year || Gross State Domestic Product
|-
| 1980 || 7,940
|-
| 1985 || 13,720
|-
| 1990 || 28,150
|-
| 1995 || 66,980
|-
| 2000 || 135,900
|}

==References==
<references/>
{{Himachal Pradesh topics}}
{{Economy of India topics}}

[[Category:Economy of Himachal Pradesh| ]]

Economy of Himachal Pradesh - Revision history

NydiaSilverman2 at 15:00, 24 January 2026