Economy, jobs and prices in Himachal Pradesh, India: official figures
Net state domestic product per person, the usual measure of average income, was ₹256,137 in 2024-25 at current prices; 11th highest of 25 with figures. Five years earlier it was ₹186,559, a rise of 37% before inflation.
Is Himachal Pradesh's economy growing?
After allowing for inflation (2011-12 prices), income per person grew 5.5% in 2024-25; 6th slowest of 25 with figures.
Source: Reserve Bank of India · saved copyHow big is Himachal Pradesh's economy?
The state's economy (gross state domestic product) was worth ₹2.32 lakh crore (₹2.32 trillion) in 2024-25 at current prices, 9.2% more than a year earlier.
Source: Reserve Bank of India · saved copyWhat are the main industries in Himachal Pradesh?
In 2024-25 services made up 46.4% of the value added in Himachal Pradesh's economy (10th lowest of 25 with figures), manufacturing 26.5% (the highest of 25 with figures) and crop farming 9.7% (11th lowest of 25 with figures), at current prices.
Source: Reserve Bank of India · saved copyHow much food does Himachal Pradesh grow?
Farmers in Himachal Pradesh produced 1,568,500 tonnes of foodgrains (rice, wheat, other cereals and pulses) in 2024-25, 0.4% of India's harvest; 12th smallest of 31 with figures.
Source: Reserve Bank of India · saved copyWhat is the unemployment rate in Himachal Pradesh?
Unemployment in Himachal Pradesh in 2023-24 was 5.0% in rural areas and 9.0% in towns and cities (usual status, Periodic Labour Force Survey); all-India: 2.5% rural and 5.1% urban. Urban unemployment was 8th highest of 35.
Source: Reserve Bank of India · saved copyHow much do farm workers earn in Himachal Pradesh?
A man working as a general farm labourer in rural Himachal Pradesh earned on average ₹516 a day in 2024-25 (all-India: ₹398); 4th highest of 19 with figures. Rural day rates for men were ₹558 for construction workers and ₹480 for non-farm labourers.
Source: Reserve Bank of India · saved copyWhat is inflation in Himachal Pradesh?
Consumer prices in Himachal Pradesh rose 4.0% on average in 2024-25, and food and drink prices by 5.4% (all-India: 4.6%). Over the same year fuel and light prices fell 2.4% and urban housing costs rose 1.2%.
Source: Reserve Bank of India · saved copyDo banks lend in Himachal Pradesh?
Commercial banks in Himachal Pradesh held ₹1.63 lakh crore of deposits at the end of March 2025, about ₹215,100 per resident, and had lent ₹63,730 crore: a credit-deposit ratio of 37.8% (all-India: 80.1%; 4th lowest of 36). A low ratio means local savings are mostly lent elsewhere.
Source: Reserve Bank of India · saved copyMore figures
- Himachal Pradesh produced 1,749,000 tonnes of milk in 2023-24, 0.7% of the national total. Source: Reserve Bank of India · saved copy
- Indian tourists made 18.04 million visits to Himachal Pradesh in 2024 (0.6% of all domestic tourist visits; 18th fewest of 36). Source: Reserve Bank of India · saved copy
- Electricity available per person was 1,803 kWh in 2024-25 (all-India: 1,208 kWh). Source: Reserve Bank of India · saved copy
- 14.2% of the electricity fed into Himachal Pradesh's grid was lost in transmission and distribution in 2022-23, through technical losses, theft and unbilled supply (all-India: 17.7%). Source: Reserve Bank of India · saved copy
- NITI Aayog scored Himachal Pradesh 77 out of 100 on the Sustainable Development Goals India Index in 2023; joint 4th highest of 36. Source: Reserve Bank of India · saved copy
How Himachal Pradesh compares with other states
Income per person (NSDP per capita, current prices) (2024-25)
Himachal Pradesh ranks 11 of 25, highest first.
| Rank | Region | Income per person (NSDP per capita, current prices) |
|---|---|---|
| 8 | Puducherry | ₹281,478 |
| 9 | Uttarakhand | ₹274,064 |
| 10 | Andhra Pradesh | ₹266,240 |
| 11 | Himachal Pradesh | ₹256,137 |
| 12 | Arunachal Pradesh | ₹246,813 |
| 13 | Punjab | ₹221,197 |
| 14 | Tripura | ₹192,842 |
Urban unemployment rate (usual status) (2023-24)
Himachal Pradesh ranks 8 of 35, highest first.
| Rank | Region | Urban unemployment rate (usual status) |
|---|---|---|
| 5 | Arunachal Pradesh | 12.8% |
| 6 | Jammu and Kashmir | 11.4% |
| 7 | Nagaland | 11.3% |
| 8 | Himachal Pradesh | 9.0% |
| 9 | Goa | 8.2% |
| 10 | Rajasthan | 7.7% |
| 11 | Chhattisgarh | 7.6% |
Services share of the economy (GSVA) (2024-25)
Himachal Pradesh ranks 16 of 25, highest first. Share of gross state value added at current prices.
| Rank | Region | Services share of the economy (GSVA) |
|---|---|---|
| 13 | Arunachal Pradesh | 48.7% |
| 14 | Punjab | 48.4% |
| 15 | Uttar Pradesh | 47.3% |
| 16 | Himachal Pradesh | 46.4% |
| 17 | Uttarakhand | 46.0% |
| 18 | Rajasthan | 45.9% |
| 19 | Jharkhand | 45.2% |
Bank credit-deposit ratio (place of sanction) (March 2025)
Himachal Pradesh ranks 33 of 36, highest first. Loans made in the state per ₹100 of deposits held there.
| Rank | Region | Bank credit-deposit ratio (place of sanction) |
|---|---|---|
| 30 | Uttarakhand | 41.5% |
| 31 | Meghalaya | 40.3% |
| 32 | Jharkhand | 39.3% |
| 33 | Himachal Pradesh | 37.8% |
| 34 | Arunachal Pradesh | 31.0% |
| 35 | Goa | 26.7% |
| 36 | Lakshadweep | 12.7% |
More on Himachal Pradesh: overview · health · education and schools · poverty and living standards · government budget · India
Sources
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 153: State-wise Credit-Deposit Ratio of Scheduled Commercial Banks - According to Place of Sanction, read 23 October 2026 · saved copy (SHA-256 536e5d4415d4…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 108: State-wise Average Inflation (CPI) - General, read 23 October 2026 · saved copy (SHA-256 1dd5a612f16c…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 62: State-wise Production of Total Foodgrains, read 23 October 2026 · saved copy (SHA-256 7674a11e229b…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 21: Gross State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 307860e934ba…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 91: State-wise Milk Production, read 23 October 2026 · saved copy (SHA-256 3607285ce982…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 19: Per Capita Net State Domestic Product (Current Prices), read 23 October 2026 · saved copy (SHA-256 1f90818b79f1…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 20: Per Capita Net State Domestic Product (Constant Prices), read 23 October 2026 · saved copy (SHA-256 0861a3b6a0df…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 138: State-wise Per Capita Availability of Power, read 23 October 2026 · saved copy (SHA-256 3004b58b5f81…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 106: State-wise Sustainable Development Goals (SDGs) Score, read 23 October 2026 · saved copy (SHA-256 f18c2f57a295…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 49: Gross State Value Added by Economic Activity - Services (Current Prices), read 23 October 2026 · saved copy (SHA-256 231843665df0…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 148: State-wise Electricity Transmission & Distribution Losses, read 23 October 2026 · saved copy (SHA-256 7ba079aa2389…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 13: State-wise Domestic Tourist Visits, read 23 October 2026 · saved copy (SHA-256 14ecc37284d7…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 9: State-wise Unemployment Rate: Usual Status (Adjusted) (Urban), read 23 October 2026 · saved copy (SHA-256 4eef6c004595…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 113: State-wise Average Daily Wage Rates in Rural India (Men - General Agricultural Labourers), read 23 October 2026 · saved copy (SHA-256 6f4995aec2fa…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.