State Studies · Himachal Pradesh
Economy of Himachal Pradesh
Overview
The era of economic planning started in Himachal Pradesh in 1948. The first five-year plan allocated about Rs. 52.7 million to Himachal. More than 50% of this expenditure was spent on transport facilities since it was felt that without proper it, the process of planning and development couldn't be carried out.
Source: Wikipedia — Economy of Himachal Pradesh (CC BY-SA)
Key concepts
How Economy of Himachal Pradesh connects to the ideas, people and events around it.
Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution.
Himachal Pradesh is a state in the northern part of India. Situated in the Western Himalayas, it is one of the 13 mountain states and is characterised by an extreme landscape featuring several peaks and extensive river systems.
The Five-Year Plans of India were a series of national development programmes implemented by the Government of India from 1951 to 2017.
Mandi is a major city and a municipal corporation in Mandi District in the Indian state of Himachal Pradesh. It serves as the headquarters of Mandi District and Zonal Headquarters of central zone including districts namely Kullu, Bilaspur, and Hamirpur.
Kangra, historically known as Nagarkot, is a city and a municipal council in the Kangra Valley, within the Kangra district of the Indian state of Himachal Pradesh.
West Germany was the common English name for the Federal Republic of Germany (FRG) from its formation on 23 May 1949 until its reunification with East Germany on 3 October 1990.
Palampur is a hill station and a municipal corporation situated in the Kangra District in the Indian state of Himachal Pradesh. Palampur is served by the Palampur Himachal railway station (PLMX), situated in Maranda.
India is a federal union comprising 28 states and 8 union territories, for a total of 36 subnational entities. The states and union territories in turn are each subdivided into districts, of which a total of around 800 exist.
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What is Economy of Himachal Pradesh?
The era of economic planning started in Himachal Pradesh in 1948. The first five-year plan allocated about Rs. 52.7 million to Himachal. More than 50% of this expenditure was spent on transport facilities since it was felt that without proper it, the process of planning and development couldn't be carried out.
What are the key concepts related to Economy of Himachal Pradesh?
The main concepts connected to Economy of Himachal Pradesh include Economic planning, Himachal Pradesh, Five-Year Plans of India, Mandi, Himachal Pradesh, Kangra, Himachal Pradesh, West Germany, Palampur, Himachal Pradesh, States and union territories of India. Each is linked on the map above with its own summary.
Which exams cover Economy of Himachal Pradesh?
Economy of Himachal Pradesh is part of State Studies, which appears in the syllabus of HPPSC.