Himachal pradesh

Nestled in the heart of northern India, Himachal Pradesh is a captivating blend of natural beauty and economic promise. Surrounded by Jammu and Kashmir, Punjab, Haryana, Uttar Pradesh and China, this state is not only a tourist haven but also an emerging industrial powerhouse.

In 2024-25, Himachal's Gross State Domestic Product (GSDP) is expected to reach Rs. 2.27 trillion (US$ 27.27 billion). Exports are booming, with US$ 2.23 billion recorded in FY25, driven primarily by drug formulations, engineering goods and textiles. Remarkably, the pharmaceutical sector alone made up nearly 70% of the state’s total exports in FY24.

Himachal’s power potential is equally impressive, with a total installed capacity of 4,561.63 MW, tapping into the state's abundant rivers and streams. The government’s Industrial Policy offers businesses a wealth of incentives, while its Solar Policy aims to harness 700 MW of solar energy. Plus, the state is set to break records with the world's longest and highest tunnel, connecting Zanskar Valley to Lahaul by 2025.

With cumulative FDI inflows of US$ 246.74 million from 2019 to 2023, Himachal Pradesh is fast becoming a prime destination for investment. With stunning landscapes and a thriving economy, the future of Himachal looks truly electrifying.

 Punjab, one of India’s northernmost states, is a vital hub strategically bordered by Pakistan, Jammu & Kashmir, Himachal Pradesh, Haryana and Rajasthan. Known for its fertile land, it produces nearly 14% of India’s wheat despite cultivating less than 12% of the country's total area. In addition to wheat, the state also excels in crops like maize, rice, sugarcane and barley, alongside top fruits like Kinnow, guava and mangoes.

As of FY25, Punjab’s power generation capacity reaches 14,507.38 MW, with significant contributions from thermal (8,364 MW), hydropower (3,827 MW) and renewable energy (2,119 MW). This robust energy sector places Punjab as a key player in India’s power industry. Economically, the state’s Gross State Domestic Product (GSDP) is projected to reach Rs. 8.02 trillion (US$ 96.94 billion) in 2024-25, reflecting an 8.33% growth rate since 2015-16. The state's per capita GSDP also saw an impressive increase of 6.87% annually, reaching Rs. 225,356 (US$ 2,721.69) in 2023-24.

With rising industrial investments—reflected in an FDI inflow of US$ 1,174.82 million between 2019-2024—Punjab is evolving into a dynamic economic hub. The state’s collaboration with AMCHAM India further boosts sectors like textiles, agriculture and pharmaceuticals, paving the way for even greater growth.

Haryana, strategically located adjacent to Delhi, has transformed from a rural state to a significant industrial hub. It's a leading automobile manufacturer, producing a large share of India's cars, tractors and motorcycles and a growing IT and biotechnology center.

The state's GSDP is projected at Rs. 12,16,044 crore (US$ 145.11 billion) in FY25, reflecting a robust 9.39% CAGR since 2015-16. Haryana fosters a progressive business environment with attractive fiscal policies, ranking highly in ease of doing business. It has multiple exporting Special Economic Zones, boosting its trade.

Exports reached US$ 15.55 billion in FY22, with US$ 1.81 billion from April to August 2024. FDI inflows are substantial, totaling US$ 10.43 billion between October 2019 and June 2024 and US$ 697 million in the first quarter of FY25, highlighting Haryana's strong investment appeal.

 Rajasthan, India's largest state, is rich in minerals and a major producer of stones like marble and sandstone. Its GSDP is projected to reach Rs. 17.81 lakh crore (US$ 213.51 billion) in 2024-25, showing 17% growth. The tertiary sector, driven by services, is a key economic contributor, growing at a 6.13% CAGR. FDI inflows totaled US$ 2,381 million between October 2019 and June 2024.

Tourism thrives with historic palaces and wildlife sanctuaries, attracting over 17.90 crore domestic tourists in 2023. The government promotes film tourism and border tourism.

Agriculture is vital, supported by diverse agro-climatic zones. The state budget allocates funds for crop insurance and research institutes enhance agricultural practices. Rajasthan is a leading limestone producer, with significant cement industry investments, like JSW Cement's Rs. 3,000 crore and Shree Cement's Rs. 3,500 crore projects.