Although, the nation gets scanty rainfall, the rivers in
the vicinity offer respite. 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. 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. Private funding
flourished in rural economic system of Punjab and generated sufficient surpluses for the
financial transformation of the nation economic system from agrarian to industrialized one. 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. 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. 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.
Industrial increase in latest years has been a prime contributor to the nation's
economic system.
With the wealthy agricultural base to its credit, rice stays the distinguished export
object from the nation. 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.