HIMACHAL PRADESH

THE ABODE OF GODS

Economic Snapshot
FDI* Inflows in Himachal Pradesh
Distribution of GSVA
GSDP of Himachal Pradesh at current prices April 2000 – December 2018 (In US$
CAGR^
millions)
596
27 6 108
39.03% 39
1.52 12.43% 43.05%
91
1.37
21.19

21.04
47
1.25
18.65
1.14
17.45
16.97

130
1.04
15.66
15.21

0.95
0.83

43.81% 9.82%
41.99%

17.16% 8.09% 1,024 2068

14.95%
2012-13

2013-14

2014-15

2015-16

2016-17

2017-18

2018-19

FY19**

FY00-FY19**
FY12

FY13

FY14

FY15

FY16

FY17

FY18
FY00-FY11
2011-12 2017-18

Primary Secondary Tertiary

US$ billion Rs trillion

Note: * - Data for FDI includes Chandigarh, Punjab and Haryana, ^ - CAGR in Rs, ** - Upto December 2018
Source: Directorate of Economics and Statistics of Himachal Pradesh, Department of Industrial Policy & Promotion

Advantages

Pharmaceuticals and food processing hub

Tourist paradise
• Agriculture plays a significant role in the state’s
• Known as the Land of Gods, is famous for its
economy. Himachal Pradesh has a robust food
topographic diversity & pristine natural beauty.
processing sector.

Rich labour pool and infrastructure support Heritage

• The state has a large base of skilled labour, making it • Has a rich heritage of handicrafts, including
a favourable destination for knowledge-based woollen and pashmina shawls, carpets, silver and
sectors. metal ware, embroidered chappals, grass shoes,
• Himachal Pradesh has a strong hydropower base, Kangra and Gompa style paintings, horse-hair bangles
with a potential capacity of 27,436 MW. and many more.

Key Government Policies and Objectives

• Preserve and protect natural, both flora and fauna, and cultural heritage of
Eco-Tourism Policy 2017
Himachal Pradesh, attract tourists and visitors to the state

• Increase the portion of renewable energy in total energy consumption by the

Himachal Pradesh Solar Power Policy, 2016
state.

• Achieve environmentally sustainable and balanced industrial growth leading

Industrial Policy 2013
to more employment opportunities

Himachal Pradesh State Water Policy 2013 • Ensure the planning, development and management of water resources

IT Policy 2009 • Action plan to harness potential benefits offered by the IT sector

Key Sectors

Agriculture and Allied Industries Tourism Pharmaceuticals

Agriculture is a key livelihood for the people of Tourism is one of the most Himachal Pradesh is one of
Himachal Pradesh and holds a significant share in important sectors for the state the fastest-growing regions in
the state’s economy. During 2017-18, the yield economy in terms of foreign the pharmaceutical industry
for food grains is estimated at 2.09 metric tonnes exchange earnings and in India. During 2017-18,
and horticulture production is estimated at 2,423 creation of employment exports of drug formulations
thousand metric tonnes (1st advance estimates). opportunities. In 2017, and biologicals from the state
The contribution of major livestock products domestic tourist inflows in stood US$ 702.87 million.
during the year 2016-17 was 1.32 million MT of the state reached 19.13 During 2018-19*, the exports
milk, 1,476 MT of wool, 95.8 million eggs and million while foreign tourist stood at US$ 268.10 million
4,460 MT of meat. arrivals reached 470,992.