The Baddi-Barotiwala-Nalagarh industrial belt has emerged as a key manufacturing hub for various sectors and the region is known to be Asia’s largest bulk drug manufacturing area. Moreover, Himachal Pradesh ranks #3 in NITI Aayog's Export Preparedness Index 2020 under Himalayan states category.

Located in the western Himalayas, Himachal Pradesh is known for its scenic beauty. The tourism sector did well in 2019 and witnessed a 4.63% growth in both foreign and domestic tourist arrivals as compared to 2018 where negative growth of 16.08% had been witnessed.