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. It is positioned withinside the North-Western vicinity of India and is bounded at the West with the aid of using
Pakistan, at the North with the aid of using Jammu and Kashmir, at the North East with the aid of using Himachal Pradesh and at the South with the aid of using
Haryana and Rajasthan. 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 rural economic system of
Punjab witnessed agricultural modernization, discount of prevalence of rural poverty
and meals surpluses that had supplied the direly wanted meals safety to the country wide
economic system. 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. But liberalization, privatization and
globalization approach followed with the aid of using the Indian authorities considering the fact that 1991 turned into predicted to
revive the excessive hopes of acceleration of tempo of financial improvement of Punjab
economic system together with making sure a lot preferred and lengthy awaited financial
transformation of the economic system of the nation Punjab is a nation endowed with wealthy culture, culture, faith and recounted for its self-dependence,
self-reliance and glory. Why has Punjab economic system slipped to seventh role
and became from a frontrunner to a laggard? This query is interesting and needs answer
from properly wishers, coverage makers, political management and the students running on
Punjab economic system.
Punjab gives conducive milieu for business investments with the aid of using supplying various
coverage incentives and suitable business infrastructure. The
nation is an top notch land of monuments of anciental significance, captivating scenes of herbal beauty, awe-
inspiring spiritual webweb sites and fertile greenery and has loved a distinguished role in sports activities. Two a long time revel in of gradual increase in
Punjab has relegated the nation‟s economic system from primary role to quantity
7th in phrases of in line with capita income.
