Himachal Pradesh Economy

A leader in hill area development, Himachal has diversified its industries with careful planning and strict implementation of policies reaping economic dividends.

The state has made rapid strides in select industries, power, horticulture, agriculture and allied activities over the decades.

The economy is poised to achieve a GDP growth of 6.5% in 2014-15.

At current prices, the GSDP is estimated at Rs 85,841 crore in 2013-14 as against Rs 76,259 crore in 2012-13 showing an increase of12.6% during the year.

The per capita income (per capital GDP) at current prices witnessed an increase of 11.4% as it increased to Rs 95,582 in 2013-14 from Rs 85,792 in 2012-13.

The increase in total state domestic product is mainly attributed to 15.3% growth in the primary sector (agriculture); 9.8% in community and personal services; 2.6% in transport and trade; 4.5% in the finance and real estate.

Whereas the secondary sector (core industries) increased by only 2.6%.

The food grains production, which was 15.41 lakh MT during 2012-13, has increased to 15.76 lakh MT during in 2013-14.

It is expected to reach 16.20 lakh MT in 2014-15.

The fruit production has also increased by 55.8%, i.e. from 5.56 lakh MT in 2012-13 to 8.66 lakh MT in 2013-14.

And during 2014-15 (up to December 2014) the fruit production was 6.53 lakh MT.