Nominal GSDP (GSDP at Current Prices)
- FY 2023–24: ₹2.10 lakh crore
- FY 2024–25: ₹2.32 lakh crore
- Growth Rate: 10.2% (FY25), 9.9% (FY24)
Real GSDP (GSDP at Constant 2011–12 Prices)
- FY 2023–24: ₹1.37 lakh crore
- FY 2024–25: ₹1.46 lakh crore
- Growth Rate: 6.7% (FY25), 6.6% (FY24)
Average Annual Growth Rate (%)
| Year | Himachal Pradesh | India |
|---|---|---|
| 2022–23 | 6.0% | 7.0% |
| 2023–24 | 6.6% | 8.2% |
| 2024–25 | 6.7% | 6.4% |
Key Insight:
- Himachal’s growth is steady and improving.
- In 2024–25, Himachal’s growth (6.7%) is projected to surpass India’s (6.4%).
Per Capita Income (Current Prices)
- FY 2023–24: ₹2,34,782
- FY 2024–25: ₹2,57,212
- Growth (FY25): 9.6%
Long-Term PCI Growth (2011–12 to 2024–25)
- Himachal Pradesh:
- FY 2011–12: ₹87,721
- FY 2024–25: ₹2,57,212
- CAGR: 8.6%
- India:
- FY 2011–12: ₹63,462
- FY 2024–25: ₹2,00,162
- CAGR: 9.2%
Sectoral Contribution to GVA:
- Tertiary: 45.3%
- Secondary: 39.5%
- Primary: 15.2%
Sectoral Contribution to employment:
- Tertiary: 24 %
- Secondary: 22 %
- Primary: 54%
Primary Sector GVA
primary sector gva growth rate
- FY 2022–23: +1.7% growth
- FY 2023–24: –1.7% (decline)
- FY 2024–25 (AE): +3.2% growth
GVA of primary sector (in ₹ crore at constant prices)
- FY 2023–24: ₹16,116 crore
- FY 2024–25: ₹16,625 crore
growth rates of components of primary sector (FY2024–25 AE) arranged from highest to lowest:
- Fishing: 7.0%
- Mining & Quarrying: 6.1%
- Livestock: 5.2%
- Forestry & Logging: 4.0%
- Crop Sector: 1.6%
total contribution to GVA of primary sector : (highest to lowest )
- crops
- forestry and logging
- livestock
- mining and quarrying
- fishing
secondary sector
gva at constant prices :
- 2024-25 : 65,000 crore
- 2023-24 : 60,000 crore
- growth rate : 8.1%
approximate GVA and growth rates for the primary, secondary, and tertiary sectors for FY2024–25 (AE) at constant 2011–12 prices:
| Sector/Sub-sector | GVA (₹ Crore) | Growth Rate |
|---|---|---|
| Primary Sector (Total) | ₹16,600 crore | 3.2% |
| – Crop Sector | ₹7,700 crore | 1.6% |
| – Forestry & Logging | ₹5,300 crore | 4.0% |
| – Livestock | 3000 crore | 5.2% |
| – Fishing | 150 crore | 7.0% |
| – Mining & Quarrying | 500 crore | 6.1% |
| Secondary Sector (Total) | ₹65,100 crore | 8.1% |
| – Manufacturing | ₹44,100 crore | 7.1% |
| – Construction | ₹12,000 crore | 9.4% |
| – Electricity, Gas, Water & Utilities | ₹9,000 crore | 11.5% |
| Tertiary Sector (Total) | ₹56,650 crore | 5.9% |
| – Transport, Storage, Communication, Broadcasting | Not specified | 9.4% |
| – Trade, Repair, Hotels & Restaurants | Not specified | 8.1% |
| – Real Estate, Ownership of Dwelling, Professional Services | Not specified | 5.4% |
- Tertiary Sector: 45.3% of GVA
- Secondary Sector: 39.5% of GVA
- Primary Sector: 15.2% of GVA
This shows the dominance of the tertiary sector in the State’s economy, followed by the secondary sector, and then the primary sector.
| Sector | GVA (₹ Crore) | Growth Rate (%) | Percentage of Total GVA at Current Prices |
|---|
| Primary Sector | ₹16,600 crore (constant), ₹32,900 crore (current) | 3.2% | 15% |
| Secondary Sector | ₹65,100 crore (constant), ₹85,700 crore (current) | 8.1% | 40% |
| Tertiary (Services) Sector | ₹56,650 crore (constant), ₹98,200 crore (current) | 5.9% | 45% |
| Sector | Himachal Pradesh (HP) | India |
|---|
| Primary Sector – GVA | 14.74% | 20.19% |
| Primary Sector – Employment | 53.98% | 46.31% |
| Secondary Sector – GVA | 39.98% | 25.63% |
| Secondary Sector – Employment | 22.01% | 23.96% |
| Tertiary Sector – GVA | 45.28% | 54.18% |
| Tertiary Sector – Employment | 24.01% | 29.73% |
1. Share in GVA – Primary Sector
Himachal Pradesh (HP)
- Agriculture & Allied Activities: 14.27%
- Mining and Quarrying: 0.47%
- Primary Sector: 14.74% (total)
India
- Agriculture & Allied Activities: 18.19%
- Mining and Quarrying: 2.00%
- Primary Sector: 20.19% (total)
Key Insight:
- Himachal Pradesh’s primary sector contributes a smaller share (14.74%) in GVA compared to India’s primary sector (20.19%).
2. Share in GVA – Secondary Sector
Himachal Pradesh (HP)
- Manufacturing: 26.66%
- Electricity, Gas, Water & Utilities: 5.59%
- Construction: 7.73%
- Secondary Sector: 39.98% (total)
India
- Manufacturing: 14.34%
- Electricity, Gas, Water & Utilities: 2.45%
- Construction: 8.84%
- Secondary Sector: 25.63% (total)
Key Insight:
- Himachal Pradesh’s secondary sector plays a more significant role in GVA (39.98%) compared to India’s secondary sector (25.63%), mainly due to a higher share in manufacturing.
3. Share in GVA – Tertiary Sector
Himachal Pradesh (HP)
- Trade, Hotels, Transport & Communication: 13.09%
- Financial, Real Estate & Professional Services: 15.35%
- Public Administration & Other Services: 16.84%
- Tertiary Sector: 45.28% (total)
India
- Trade, Hotels, Transport & Communication: 17.88%
- Financial, Real Estate & Professional Services: 22.39%
- Public Administration & Other Services: 13.91%
- Tertiary Sector: 54.18% (total)
Key Insight:
- The tertiary sector is the highest contributor to both HP’s GVA and India’s GVA. However, HP’s contribution (45.28%) is lower than India’s (54.18%).
4. Share in Employment – Primary, Secondary, and Tertiary Sectors
Himachal Pradesh (HP)
- Agriculture & Allied Activities: 53.95%
- Mining and Quarrying: 0.03%
- Primary Sector: 53.98% (total)
- Manufacturing: 8.60%
- Electricity, Gas, Water & Utilities: 1.89%
- Construction: 11.52%
- Secondary Sector: 22.01% (total)
- Trade, Hotels, Transport & Communication: 12.41%
- Financial, Real Estate & Professional Services: 1.14%
- Public Administration & Other Services: 10.46%
- Tertiary Sector: 24.01% (total)
India
- Agriculture & Allied Activities: 46.08%
- Mining and Quarrying: 0.23%
- Primary Sector: 46.31% (total)
- Manufacturing: 11.44%
- Electricity, Gas, Water & Utilities: 0.54%
- Construction: 11.98%
- Secondary Sector: 23.96% (total)
- Trade, Hotels, Transport & Communication: 17.86%
- Financial, Real Estate & Professional Services: 1.94%
- Public Administration & Other Services: 9.93%
- Tertiary Sector: 29.73% (total)
Key Insight:
- The primary sector employs a significantly higher percentage of the population in Himachal Pradesh (53.98%) compared to India (46.31%).
- Secondary sector employment is quite similar, with Himachal Pradesh at 22.01% and India at 23.96%.
- The tertiary sector is a more significant employer in India (29.73%) than in Himachal Pradesh (24.01%).