Chandigarh Economy has been growing at a very fast pace for its GDP growth rate is around 8.3%. The per capita income of Chandigarh is Rs. 67,370 which makes the city the richest in India. The gross domestic product of city amounted to US$ 2.2 billion in 2004. The Economy of Chandigarh depends for its revenue on the agricultural, industrial, animal husbandry, fishing, IT, and tourism sectors.
The Economy of the city of Chandigarh gets its revenue from the agricultural sector. The various kinds of crops grown in Chandigarh are maize, vegetables, paddy, and wheat. The fields in the city are irrigated with the help of wells and tube wells. The sector of agriculture has contributed to the growth of the Economy in Chandigarh. The Economy in the city of Chandigarh also depends for its revenue on the industrial sector. There are over 2500 small scale units and around 15 medium and large scale industrial units in Chandigarh. The various products manufactured by the small scale units are sanitary fittings, machine screws, hard ware, utensils, domestic and auto cables, varnishes and paints, steel fabrication, door fittings, and thermometers. The medium and large scale units consists of electric meters, cycle rims, hosiery, brakes, antibiotics, wool tops, artillery fuses, and equipments for railway track.
The industrial sector has thus given a major boost to the Economy in Chandigarh.
The Economy of Chandigarh gets its revenue from the animal husbandry sector for this is an important industry in the city. The various kinds of livestock found in Chandigarh are goats, pigs, cattle, bullocks, buffaloes, and pigs. They provide the important animal origin food like meat and milk. This sector has contributed to the growth of the Economy in the city of Chandigarh. Chandigarh Economy also depends for its revenue on the fishing sector. The main areas where fishing is done in the city are Sukhna lake, urban and rural ponds, and escape channels.
The Economy in Chandigarh gets its revenue from the IT sector. The city has the Rajiv Gandhi Chandigarh Technology Park that is full with big players in the IT field like Infosys, Net Solutions, IBM Daksh, and FCS Software Solutions Ltd. This sector has contributed to the growth of the Economy of the city of Chandigarh. The Economy of Chandigarh also depends for its revenue on the tourism sector. The city has great many tourists spots like Rock Garden, Sukhna Lake, Rose Garden, Pinjore Garden, and Tower of Shadows. Thus the sector of tourism has helped in the growth of the Economy in Chandigarh.
Orissa holds the promise of becoming one of India's major manufacturing hubs in the near future. The rate of growth in Orissa has been encouraging in comparison to the national average.
The Orissa Economy is witnessing unprecedented investment, both domestic and foreign. A whopping US$50 bn is expected to be invested in the state for building steel and aluminum producing capacity, power projects, ports, and other infrastructure. If things go as planned in Orissa, the state could emerge as one of the most significant FDI destinations in the world, rivaling Shenzhen in China
Orissa is also a major outsourcing destination for IT (Information Technology) and IT services firms. With the clogged highways of Hyderabad and Bangalore causing massive traffic jams, Orissa's still pristine Bhubaneshwar provides excellent opportunities for large IT firms to set up their shops.