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  Himachal Pradesh's State Domestic Product (SDP) stood at US$ 3.9 billion in 2003-04, registering a growth rate of 7.9 per cent over the previous year. The per capita income at current prices witnessed an increase of 10 per cent from US$ 466 in 2002-03 to US$ 539.7 in 2003-04. The state is one of the largest producers of horticulture products in the country.
 

Advantage Himachal Pradesh

  • Ranked first on the incentives index by NCAER.
  • Ranked second on consumer market index.
  • Most urbanised state in the country.
  • One of the lowest power tariff and cost of power generation in the country..

There are several factors that affect evolution of an industry in a region. Some of the major factors are:

  • Policy proactiveness: The policy that a state government adopts towards a sector directly affects its attractiveness for further investment. For example, the State Government has given many concessions for the establishment of industries. This has prompted many industry players to establish their manufacturing facilities in the state.
  • Availability of natural resources: Certain industries like agro-based industries have a high dependence on the availability of natural resources. The availability of high quality limestone spurred the growth of the cement industry in the state.
  • Capability: Availability of good quality manpower is essential for industries to flourish. High literacy rates and good quality workforce are added assets for the state.

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