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The economy of Punjab is the 16th largest state economy in India with ₹ 8.02 lakh crore (US$93 billion) [1] in gross domestic product (GDP) for the 2024-25 fiscal year. It's per capita GDP ranks 19th amongst Indian states with US$3,338 (264,000).
Economic and Statistical Organisation Punjab (ESO), is the nodal statistical agency of State Government of Punjab.ESO provides vital statistics on a wide range of economic, environmental and social issues, to assist and encourage informed decision making and research to various stakeholders including Universities, research institutions, individual scholars, planners, government and non ...
The following is a list of the top 50 Metropolitan areas in India by their Nominal gross domestic product (GDP) and their contribution as % to their respective states.. This list is based on Nominal GDP (Not to be confused with PPP).To Convert Nominal GDP to PPP use below formula.
Punjab has the largest economy in Pakistan, contributing most to the national GDP. The province's share was 60.58% in 2020 to national economy. [2] Sindh which is the second largest province in terms of population and GDP which has steadily continued to grow, contributes 23.7% to the national economy. [2]
According to SMEDA and Economic survey reports, the share in the annual GDP is 40%, with SMEs generating significant employment opportunities for skilled workers and entrepreneurs. Small and medium-scale firms represent nearly 90% of all enterprises in Pakistan and employ 80% of the non-agricultural labor force.
Mid-2024 figures from the country’s central bank and international bodies like the IMF paint a cautiously optimistic economic forecast. [62] The Pakistani government predicts the inflation rate will remain between 12.5-11% in June–July. Inflation rate of Pakistan was 9.8% in August. [63]
The 2023–24 Punjab, Pakistan budget on 19 June I2023, the interim government of Punjab, led by Chief Minister Mohsin Naqvi, approved a budget of the fiscal year 2023-24 for the first four months (Since there is no elected government, the caretaker government lacks the authority to approve a full-year budget. However, after the revision and ...
Before Partition, Lahore was the biggest industrial hub of Punjab. Then industry moved and settled in Ludhiana. Ludhiana became very important in India for its hosiery and textile industry. Now Ludhiana is Punjab's and (after Delhi) North India's largest city. Vardhman Group is a textile group based there. Vardhman was established in 1965 by ...