Chandigarh City - Comprehensive Overview, PEST Analysis and Analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail

February 2024 | 36 pages | ID: CB894F39E6D7EN
MarketLine

Abstracts

Chandigarh City %li%Comprehensive Overview, PEST Analysis and Analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail

Summary

“City Profile – Chandigarh” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Belfast.

• The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.

Chandigarh is one of the union territories of India. In 2023, Chandigarh Union Territory's economy grew by 4.8%, outperforming its 2017-19 average growth of 4.6%. This growth was driven by government IT initiatives and robust export growth in the IT sector. The nominal GDP reached INR508.0 billion ($6.2 billion) in 2023, up from INR461.0 billion ($5.8 billion) in 2022. Advancements in the logistics sector, a favorable startup policy, traditional technology sector investments, renewable energy investments, and an expanding education sector are expected to support growth in high-value sectors in the Union Territory

Scope

• The service sector mainly drives the economic growth of the area, accounting for 89.0% of the total GDP in 2023
• Chandigarh, a key IT and ITeS hub in North India, prioritizes these sectors due to limited space for manufacturing and its landlocked nature. This focus aligns with its carbon neutrality goals. The adoption of the Startup Policy 2022 aims to boost the startup ecosystem and support sector growth. Software exports from Chandigarh saw significant growth, reaching INR40.9 billion ($552.8 million) in 2021-22, making it the leading export sector in the region with a 14.1% annual growth rate.

Reasons to Buy

• Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
• Analyze and understand the business environment in the city to align your investment and expansion strategies.
• The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
• Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.

Contents

1. CITY SNAPSHOT

2. PEST ANALYSIS

2.1 Political
2.2 Economic
2.3 Social

3. TECHNOLOGY AND INFRASTRUCTURE

3.1 Communications
3.2 Internal Transport Networks
3.3 Connectivity
3.4 Airport

4. BUSINESS ENVIRONMENT ANALYSIS

5. TRAVEL AND TOURISM

5.1 Tourism Flows
5.2 Hotels
5.3 Attractions
5.4 Events

6. CONSTRUCTION AND REAL ESTATE

6.1 Investment

7. INFORMATION AND TECHNOLOGY SECTOR

8. RETAIL

8.1 Retail Market
8.2 Consumption, Income and Prices
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List Of Tables

LIST OF TABLES

Table 1: Chandigarh Union Territory – key facts (estimates), 2023
Table 2: Chandigarh Union Territory – real GDP and real GDP growth, 2000–30
Table 3: Chandigarh Union Territory – economic growth comparison (Index 2010=100), 2000–30
Table 4: Chandigarh Union Territory – GDP per capita comparison, 2000–30 ($)
Table 5: Chandigarh Union Territory – employment structure, 2000–30 (% of total)
Table 6: Chandigarh Union Territory – main universities, 2023
Table 7: Chandigarh Union Territory – population comparison, 2000–30 (million)
Table 8: Chandigarh Union Territory – population by age, 2000–30 (% of total)
Table 9: Chandigarh Union Territory – Shaheed Bhagat Singh International Airport, passenger’s traffic, FY2019–24* (number)
Table 10: Chandigarh Union Territory – Shaheed Bhagat Singh International Airport, aircraft movements, FY2019–24* (number)
Table 11: Chandigarh Union Territory – Shaheed Bhagat Singh International Airport, Freight, FY2019–24* (number)
Table 12: Chandigarh Union Territory – tourist arrivals, 2020-22 (number)
Table 13: Chandigarh Union Territory – tourists’ accommodation, 2020-22 (number)
Table 14: Chandigarh Union Territory – hotel indicators, FY2020–23
Table 15: Chandigarh Union Territory – MICE and other events

List Of Figures

LIST OF FIGURES

Figure 1: Chandigarh Union Territory – real GDP and real GDP growth, 2000–30
Figure 2: Chandigarh Union Territory – economic growth comparison (Index 2010=100), 2000–30
Figure 3: Chandigarh Union Territory – GDP per capita comparison, 2000–30
Figure 4: Chandigarh Union Territory – employment structure, 2000–30 (% of total)
Figure 5: Chandigarh Union Territory – population comparison, 2000–30
Figure 6: Chandigarh Union Territory – population by age, 2000–30 (% of total)