The Future of Punjab’s  External Trade

Select Himanshu Sood; Select Gaurav Gupta; Select Mukesh Chaturvedi

doi:https://doi.org/10.69711/sharda.ijmir.v6i2.1707

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The Future of Punjab’s External Trade

Himanshu Sood, Gaurav Gupta, Mukesh Chaturvedi

https://doi.org/10.69711/sharda.ijmir.v6i2.1707

Author Details ( * ) denotes Corresponding author

1. Himanshu Sood, PCTE Group of Institutes, Ludhiana, Punjab, India

2. * Gaurav Gupta, School of Business Studies, Sharda University, Greater Noida, Uttar Pradesh, India (gaurav.gupta5@sharda.ac.in)

3. Mukesh Chaturvedi, Management Development Institute, Gurgoan, Haryana, India

From the very beginning, Punjab has always been considered a prosperous state. The foremost reason for its strong hold on Agriculture products and commodities has been the Green Revolution in early 1960s followed by industrialization that took place in prominent territories in Punjab. Apart from its agrarian benchmark, the other key industries contributing to Punjab’s economy are Bicycle, Textile, Hosiery and Garments, Chemicals, Tractors and Auto Components, etc. Besides its initiatives in manufacturing, it has also witnessed strong presence in Information Technology and IT - enabled Services. The state government has also supported sectorial developments by giving lucrative incentives to boost the trade and investments in the economy. To support this, the government also held Progressive Punjab Summit 2013-14 that saw the participation of top most Business Leaders of both domestic and foreign companies been on robust state investments. The state has been also contributing to the External Trade of the country. The objective of this Research Paper is to analyze the state contribution to the national economy of India and its progression towards external trade and business.

Keywords

Industrialization, Trade and Investments, External Trade

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