Economy of HP -

Economy of
Himachal Pradesh

💰 Per Capita Powerhouse: HP’s per capita income (₹2,57,212 in 2024-25) beats the national average by 28% (i.e.₹2,00,162)
🍎 Apple of India’s Eye: Contributes 20% of India’s apple production, Horticulture driving 20% of the state’s GDP.
⚡ Hydropower Giant: Harnesses 25% of India’s hydropower potential, powering 10+ states.
💊 Asia’s Pharma Hub: Baddi-Barotiwala-Nalagarh (BBN) hosts 700+ pharma units, supplying 35% of India’s domestic drug demand. Click here for read more

Key Indicator	Figure
Apple fruit crop area of total area under fruit crops Apple fruit Production out of total fruit production	49.06% 79.51%
Sector Contribution(GVA 2024-25 AE)	Primary (15.2%), Secondary (39.5%), Tertiary (45.3%)
Hydropower Capacity	10,000+ MW (Target: 20,000 MW by 2030)
Tourism GSDP (2024)	₹14000+ crore

(Primary sector driving rural economy)

Apple Dominance: Shimla, Kullu, Kinnaur districts produce 2.5 million MT of apples annually.
GI-Tagged Products: Kangra Tea, Chamba Chukh, Kullu Shawl boost exports.
Challenges: Climate change, fragmented landholdings.
Govt Initiatives: Horticulture Development Mission, Apple Replanting Policy. Read more here

(BBN region: Asia’s largest pharma hub)

Pharma Powerhouse: Exports ₹15,000+ crore annually; employs 1.5 lakh+ workers.
Food Processing: Mega Food Park in Una boosts agri-value addition.
Ease of Doing Business: Ranked Top 10 states; tax incentives for MSMEs. Click here for details

(Renewable energy leader)

*(12% of GSDP; adventure + spiritual tourism)*

Cold-Water Advantage: HP’s rivers (Beas, Sutlej, Ravi, Chenab) and reservoirs support trout and mahseer farming – ideal for high-altitude zones.
Production Stats:
- Annual fish production: 12,000+ metric tonnes (2023-24).
- 90% of India’s trout production comes from Himachal (Key districts: Kullu, Mandi, Chamba).
Govt Initiatives:
- Blue Revolution Scheme: Subsidies for trout hatcheries, farm modernization.
- Mukhya Mantri Matsya Kisan Kalyan Yojana: Training for fish farmers.
Challenges: Limited water resources, climate change affecting river ecosystems. Click here for more

(Prioritize these for exams)

Prakritik Kheti Khushhaal Kisan: Promotes natural farming (2 lakh+ farmers enrolled).
Swavlamban Scheme: ₹10,000 crore for MSME startups.
Har Ghar Paryatan: Homestay subsidies to boost rural tourism. Read more here

(Latest data for answer-writing)