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Chandigarh Presentation and Economy Growth Report

Last updated on Aug, 31 2021

Economic Snapshot: GSDP of Chandigarh
Per capita Income of Chandigarh

 


Chandigarh is located at the foothills of the Shivalik hills range in the north and is the capital of Haryana and Punjab. Foundation of the city was laid out in 1952 but assumed its status of capital of Haryana and Punjab during the state reorganization in 1966. Apart from being the capital of Haryana and Punjab, the city is also a Union Territory and hence is governed by central government.

Chandigarh’s Gross State Domestic Product (GSDP) was Rs. 4,211,386.00 million (US$ 6,025.73 million) in 2018-19, rising at a CAGR of 12.89% between 2015-16 and 2018-19. Chandigarh’s Net State Domestic Product (NSDP) was Rs. 359,026.9a4 (US$ 5,137.03) in 2018-19. 

Total merchandise exports from the state stood at US$ 76.54 million in 2019-20. As of January 2021, exports from the state stood at US$ 62.04 million in FY21. The key items exported from Chandigarh are industrial machinery, telecom instruments, engineering products, and electronics components.

In 2019-20, Chandigarh exported industrial machinery for dairy worth US$ 21.74 million, followed by electronic equipment worth US$ 7.88 million and other miscellaneous engineering products worth US$ 7.45 million

The state attracted Foreign Direct Investment (FDI) equity inflow worth US$ 13.61 million between October 2019 and March 2021 as per the data released by the Department for Promotion of Industry and Internal Trade (DPIIT).

As of April 2021, Chandigarh had a total installed power generation capacity of 218.94 MW, of which 169.57 MW was contributed by central utilities and 49.37 MW by private utilities.

Out of the total union budget 2021-22, a major chunk of Rs. 950.41 crore (US$ 130.57 million) has been allocated for next fiscal year for Housing and Urban Development including the smart city project.

The State Government of Chandigarh has been committed to creating a progressive business environment. The state offers a wide range of fiscal and policy incentives for businesses under the Chandigarh Industrial Policy, 2015.  The Chandigarh Administration is focusing on promoting the ‘Information Technology’ (IT) industry, which requires lesser space. To develop the associated ecosystem, the government has developed high speed data communication facilities for software development and its export by providing a NODE at Punjab Engineering College (PEC), Chandigarh, by collaborating with the Software Technology Parks of India (STPI).

The state has taken several steps to develop the industrial infrastructure and to achieve consistent economic growth. Some of those initiatives are as follows:

  • In October 2020, Hartek Power Private Ltd., an Engineering, Procurement and Construction (EPC) company based in Chandigarh, bagged orders worth Rs 8.05 crore (US$ 1.09 million) from the Electricity Department of Chandigarh.
  • In November 2020, Punjab’s Health and Family Welfare and Labour Minister Mr. Balbir Singh Sidhu allocated Rs 86.37 crore (US$ 11.74 million) for development works in various housing societies in the city, upgrading markets, augmentation and rehabilitation of main sewer line under the AMRUT Scheme.
  • In December 2020, Chandigarh administration announced to hire 40 AC electric buses for a period of 10 years to improve the air quality of the city.
  • Chandigarh’s total road infrastructure length is 3,269.75 kms and has one national highway with the total length of 15.3 km. Municipal corporation manages 2,440.03 km road network, while PWD manages 537.52 km road network. 163.41 kms road is considered as rural roads.
  • Chandigarh is connected through twin track railway lines from Delhi and Mumbai upto Ambala, a single-track broad gauge afterward upto Kalka and a narrow-gauge single track between Kalka and Shimla having heritage value.
  • The city has one domestic airport, which is managed by the Ministry of Defence and an international airport. The international airport has the capacity to accommodate 1,600 passengers at a time and is managed (joint venture) by Chandigarh International Airport Limited (CHIAL).
  • The Ministry of Natural and Renewable Energy (MNRE) selected Chandigarh to be developed as the ‘Model Solar City’ through Chandigarh Renewal Energy, Science and Technology Promotion Society (CREST) in 2012. The master Plan for the ‘Model Solar City’ was prepared by The Energy and Resource Institute (TERI) and approved by MNRE in January 2012.
  • Chandigarh Industrial Area has been developed over 1200 acres in two phases, the Phase I has an area of 776.14 acres and Phase II has an area of 486 acres. Phase III is also being developed with an area of 153 acres.
  • Chandigarh's single window system offers a channel for multiple business activities such as pre-establishment approvals, pre-operation approvals, renewal and investor registration
  • As of February 2020, the state had two exporting Special Economic Zones (SEZs).  

 

*RES (Renewable Energy Sources) include Small Hydro Project, Biomass Gasifier, Biomass Power, Urban & Industrial Waste Power, Solar and Wind Energy.

Chandigarh State Presentation

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