As its borders, the state has the Pakistani province of Punjab to its West, Jammu and Kashmir in the North, Himachal Pradesh in the Northeast, Haryana in the South and Southeast and Rajasthan in the Southwest.
Punjab has emerged as a key hub for textile-based industries including yarn, readymade garments and hosiery. The industry accounted for more than 35 per cent share of the total exports of industrial goods from the state. Punjab is also a leading exporter of rice, including the well-known variety - Basmati.
The state has well-developed social and industrial infrastructure. It also has good road, rail and air connectivity. The telecommunications and utilities infrastructure is also well-developed. Punjab has witnessed high infrastructural growth in the past few years. The state has witnessed a considerable increase in the number of industrial clusters and hubs. Public private partnerships (PPP) have been encouraged in the sector. The state offers a wide range of subsidies, fiscal and policy incentives as well as assistance for businesses under the Industrial Policy, 2009. Additionally, the state has sector-specific policies for textile, IT and agro-based industries.
The gross state domestic product (GSDP) of Punjab was US$ 54.1 billion in 2011-12. The average GSDP growth rate between 2004-05 to 2011-12, was about 14 per cent.
State Presentation (March 2013)