Himachal Pradesh’s economy is on a robust growth path, according to Chief Minister Sukhvinder Sukhu. Presenting the Economic Survey for 2021-22 in the Assembly, CM Sukhu, who oversees finance, revealed that the state’s Gross State Domestic Product (GSDP) for 2025-26 is estimated at around Rs 2.54 lakh crore, showing a significant 10.1% increase from the previous year.
The state’s economy is projected to grow by about 8.3% in real terms, showcasing sustained economic activity across key sectors despite global uncertainties and climatic challenges. CM Sukhu emphasized that this performance underscores the resilience and adaptability of Himachal Pradesh’s economy.
The advance estimates indicate that the GSDP at constant prices for 2025-26 is expected to be Rs 156,681 crore, reflecting an 8.3% growth rate compared to the previous year. The primary sector’s gross state value added is anticipated to grow by 8.4% at constant prices during the same period.
The services sector remains a crucial driver of growth, with tourism, trade, transport, and financial services contributing significantly. Meanwhile, industry and hydropower continue to play vital roles in the state’s development, with agriculture and allied sectors supporting rural livelihoods and ensuring food security for a large segment of the population.
The per capita income in Himachal Pradesh is estimated to be Rs 283,626 in 2025-26, marking a 9.8% increase from the previous year and surpassing the national average by Rs 64,051. CM Sukhu highlighted the substantial rise in per capita income from Rs 87,721 in 2011-12 to Rs 283,626 in 2025-26, reflecting a compound annual growth rate of 8.7% over the period.
Tourism, a key revenue generator in the state, has witnessed a post-pandemic resurgence, with domestic tourist arrivals increasing from 32.13 lakh in 2020 to 311.47 lakh in 2025. The tourism, hotel, and restaurant sector’s contribution to the state’s gross state value added has been significant, driven by hospitality, transportation, handicrafts, and related industries.
The agriculture and allied sector’s contribution to gross state value added has surged by 45% from Rs 22,428 crore in 2021-22 to Rs 32,415 crore in 2025-26, as per advance estimates. Notably, the agriculture and allied sector’s gross state value added is projected to grow by 8.30% at constant prices in 2025-26, a substantial increase from the growth rate realized in the previous year.
