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 Shimla - the capital of Himachal Pradesh | |
| 1 April – 31 March | |
| Statistics | |
| Population |  7,527,000 (2025)[1] |
| GDP | ₹2.55 lakh crore (US$30 billion)[2](nominal; 2025-26 est.) |
| GDP rank | 22nd |
GDP growth | 10% (FY 2025-26est.)[2] |
GDP per capita | ₹3.38 lakh (US$4,000)(2025-26)[2] |
GDP by sector | Agriculture 14% Industry 42% Services 44% (FY 2023-24)[3] |
 2.61% (2025)[4] | |
Population belowpoverty line | 3.88% (2023)[5] |
| 0.752high (2023,HDI 9th)[6][circular reference] | |
| Unemployment | 1.2% (2018-19)[7] |
| Public finances | |
| 0.49% of GSDP (2022-23 est.)[8] | |
| ₹9,096.02 crore (US$1.1 billion) 4.98% of GSDP (2022-23 est.)[8] | |
| Revenues | ₹36,420 crore (US$4.3 billion) (2022-23 est.)[8] |
| Expenses | ₹46,023 crore (US$5.4 billion) (2022-23 est.)[8] |
All values, unless otherwise stated, are inUS dollars. | |
The era ofeconomic planning started inHimachal Pradesh in 1948. The firstfive-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,[clarification needed] 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. InMandi andKangra, package programmes were undertaken in collaboration with theWest 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 atPalampur.
Himachal is one of those states inIndia 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 thestates of the Indian Union.
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 likePrem 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.
| 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 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 peracre 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 likeolives,figs,hops,mushrooms,flowers, pistachio nuts, sarda melon andsaffron. The state has also earned the name of theApple State of India.[9]
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.[10]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, Nagrota Bagwan,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 atSolan,Mandi,Hamirpur,Shoghi, Raga-Ka-Bagh,Chamba, Ambi, Taliwala andKeylong.[11]Archived 17 May 2014 at theWayback Machine</ref>
| Gross State Domestic Product at Current Prices figures incrores ofIndian Rupees | |
| Year | Gross State Domestic Product |
|---|---|
| 1980 | 7,940 |
| 1985 | 13,720 |
| 1990 | 28,150 |
| 1995 | 66,980 |
| 2000 | 135,900 |
According to the CPI map published by MoSPI, Himachal Pradesh recorded an inflation rate of 2.61% in April 2025.
As per NITI Aayog's MPI 2023 report, the multidimensional poverty rate in Himachal Pradesh was 3.88%.
