Economy, jobs and prices in Ladakh, India: official figures
Net state domestic product per person, the usual measure of average income, was ₹242,360 in 2023-24 at current prices; 14th highest of 33 with figures.
How big is Ladakh's economy?
The union territory's economy (gross state domestic product) was worth ₹8,304 crore (₹83.0 billion) in 2023-24 at current prices, 26.5% more than a year earlier.
Source: Reserve Bank of India · saved copyWhat are the main industries in Ladakh?
In 2023-24 services made up 63.1% of the value added in Ladakh's economy, manufacturing 1.6% and crop farming 4.2%, at current prices.
Source: Reserve Bank of India · saved copyWhat is the unemployment rate in Ladakh?
Unemployment in Ladakh in 2023-24 was 3.9% in rural areas and 13.4% in towns and cities (usual status, Periodic Labour Force Survey); all-India: 2.5% rural and 5.1% urban. Urban unemployment was 4th highest of 35.
Source: Reserve Bank of India · saved copyDo banks lend in Ladakh?
Commercial banks in Ladakh held ₹9,885 crore of deposits at the end of March 2025, about ₹325,200 per resident, and had lent ₹4,364 crore: a credit-deposit ratio of 43.3% (all-India: 80.1%; 9th lowest of 36). A low ratio means local savings are mostly lent elsewhere.
Source: Reserve Bank of India · saved copyMore figures
- Indian tourists made 0.34 million visits to Ladakh in 2024 (0.01% of all domestic tourist visits; 4th fewest of 36). Source: Reserve Bank of India · saved copy
- NITI Aayog scored Ladakh 65 out of 100 on the Sustainable Development Goals India Index in 2023; joint 5th lowest of 36. Source: Reserve Bank of India · saved copy
How Ladakh compares with other union territories
Urban unemployment rate (usual status) (2023-24)
Ladakh ranks 4 of 35, highest first.
| Rank | Region | Urban unemployment rate (usual status) |
|---|---|---|
| 1 | Meghalaya | 14.0% |
| 2 | Lakshadweep | 13.8% |
| 3 | Andaman and Nicobar Islands | 13.5% |
| 4 | Ladakh | 13.4% |
| 5 | Arunachal Pradesh | 12.8% |
| 6 | Jammu and Kashmir | 11.4% |
| 7 | Nagaland | 11.3% |
Bank credit-deposit ratio (place of sanction) (March 2025)
Ladakh ranks 28 of 36, highest first. Loans made in the state per ₹100 of deposits held there.
| Rank | Region | Bank credit-deposit ratio (place of sanction) |
|---|---|---|
| 25 | Odisha | 48.1% |
| 26 | Dadra and Nagar Haveli and Daman and Diu | 44.9% |
| 27 | Sikkim | 43.4% |
| 28 | Ladakh | 43.3% |
| 29 | Tripura | 43.2% |
| 30 | Uttarakhand | 41.5% |
| 31 | Meghalaya | 40.3% |
More on Ladakh: overview · health · education and schools · 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 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 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 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 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…)
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