It is all
set to scale new heights to become an economic system with sustainable and inclusive
increase, going ahead Punjab economic system remained a image of financial prosperity and a function model
of financial improvement the various Indian states for greater than 3 a long time considering the fact that
the ushering in of the inexperienced revolution. Major plants encompass wheat, rice, sugarcane, cotton
and oilseeds. In fact, the pre reform financial increase revel in turned into
taken into consideration to be marred with excessive diploma of regulatory framework that has been
* Professor, Department of Economics and Coordinator, Centre for Development Economics and
Innovation Studies, Punjabi University, Patiala, Punjab (India)
2
constraining to understand the overall potentials of Punjab economic system. Malwa areas constitutes
majority of the vicinity withinside the nation and incorporates of towns like Ludhiana, Patiala, Bhatinda and Mohali ,
while Majha include current districts of Amritsar, Gurdaspur and Tarn Taran and lastly, Doaba is one
of the maximum fertile areas of the arena and turned into the centre of the Green Revolution in India, includes
largest towns along with Jalandhar, Hoshiarpur, Adampur, Nawansher and Phagwara. The dismal overall performance of Punjab economic system
throughout the length of financial reforms relegated the nation‟s economic system from a main
to a laggard one. Ludhiana, Amritsar and Jalandhar money owed most percentage in
the nation's exports. However, the unemployment scenario is vital and
wishes to be addressed with greater funding in growing process orientated education
system. Other foremost major exports gadgets from the nation are ready
made clothes and hosiery, engineering goods, sports activities goods, yarn and textiles
and hand tools. The nation is abound with wealthy
cultural culture and historical past coupled with suitable infrastructure, which makes
the nation, one of the favorable vacation spot with the aid of using home and international
tourists. The extraordinary infrastructural framework particularly connectivity with the aid of using road,
rail and air has paved manner for business prosperity.