Chandigarh is among the country’s wealthiest regions, known for its beauty, urban infrastructure, and good living standards. Chandigarh’s Gross State Domestic Product (GSDP) was INR 436,743.4 million (US$ 6,195.8 million) in 2022-23, making it the third wealthiest state or union territory in India, behind Goa and Sikkim. GSDP rose at a compound annual growth rate (CAGR) of 10.52 percent in latter years. Some 40 percent of the existing small-scale industries in Chandigarh manufacture components for the tractor industry. Other heavy industry units manufacture other agricultural equipment, auto parts, tires & tubes, electronic items, and basic metal & alloys. It is the centre point to Punjab, Haryana and Himachal Pradesh.
Chandigarh - India's Growth Engine
Chandigarh
Chandigarh is also a leader in renewable energy in India.
The territory is also home to several pharmaceutical companies, including PCD Pharma, Biocordis Pharma and Elfin Drugs oping to 800 pharma companies
Chandigarh: Emerging as a Thriving Hub for Startups. Constituting another Hub of HNI's percentage in India
Many MNCs like Quark, Infosys, Tech Mahindra, etc. have set up their base in the city. The sector is heavily promoted by the Chandigarh government.
The city is considered a playground for the Richie riches of Punjab, Himachal and even J&K. The entire bureaucracy of Punjab and Haryana is managed from Chandigarh. The population of Elite class like Judges, IAS, IPS officers & all the ministers is considerably more.