Economy of Punjab, India
Ludhiana, this city is the commercial capital of Punjab | |
| Currency | Indian Rupee (INR, ₹) |
|---|---|
| 1 April – 31 March | |
| Statistics | |
| Population | Around 27.7 million (2011 Census of India) |
| GDP | ₹9.8 lakh crore (US$120 billion)(nominal; 2026 est.) $475.1 billion(PPP; 2026 est.) |
| GDP rank | 16th |
GDP growth | 9.9% (2025-26 est.) |
GDP per capita | $3,717(nominal; 2026 est.) $14,718(PPP; 2026 est.) |
GDP per capita rank | 19th |
GDP by sector | Agriculture 25% Industry 25% Services 50% (2020-21) |
| 3.55% (February 2025) | |
| 6.0% (as on 12 July 2019) | |
Population below poverty line | 4.26% (2025–26) (5th) |
| 0.738 high (2023) (12st) | |
| Unemployment | 5.9% (2023–2024) (13th) |
| Public finances | |
| 44.8% of GSDP (2025-26 est.) | |
| ₹34,201 crore (US$4.0 billion) (3.84% of GSDP) (2025-26 est.) | |
| Revenues | ₹112,431 crore (US$13 billion) (2025-26 est.) |
| Expenses | ₹146,632 crore (US$17 billion) (2025-26 est.) |
All values, unless otherwise stated, are in US dollars. | |
The economy of Punjab is the 16th largest state economy in India with 8.91 lakh crore (US$110 billion) in gross domestic product (GDP) for the 2025-26 fiscal year. Its GDP ranks 16th amongst Indian states with US$2720 (2,27,950) per capita.
Punjab ranked first in GDP per capita amongst Indian states in 1981 and fourth in 2001, but has experienced slower growth than the rest of India in recent years, having the second-slowest GDP per capita growth rate of all Indian states and union territories (UTs) between 2000 and 2010, behind only Manipur. Between 1992 and 2014, Punjab's life expectancy also grew slower than most Indian states, rising from 69.4 to 71.4 years. During this period, Punjab's rank amongst Indian states in life expectancy at birth fell from first to sixth.
The state's economy is dominated primarily by agricultural production and small and medium-sized enterprises. Punjab has the ninth highest ranking among Indian states and UTs in human development index as of 2018.