Due to its geographical location, Punjab became a major center of trade. In the Middle Ages, due to the growth of domestic and foreign trade in Punjab, many large towns came into existence. What were those towns
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The economy of Punjab is the 14th-smallest state economy in India with ₹6.44 lakh crore (US$90 billion) in gross domestic product and a per capita GDP of ₹155,000 (US$2,200), slightly above the national average, ranking sixteenth amongst Indian states and UTs.[2][3][3] Punjab ranked first in GDP per capita amongst Indian states in 1981 and fourth in 2001, but has experienced slower growth than the rest of India, having the second-slowest GDP per capita growth rate of all Indian states and UTs between 2000 and 2010, behind only Manipur.[4][5][6][7][8][9] Punjab has the ninth highest ranking among Indian states and union territories in human development index as of 2018.[10]
Punjab's economy has been primarily agriculture-based since the Green Revolution due to the presence of abundant water sources and fertile soils;[11] most of the state lies in a fertile alluvial plain with many rivers and an extensive irrigation canal system.[12] Despite covering only 1.53% of its geographical area, Punjab makes up for about two-thirds of India's wheat production and one-third of its milk production, being known as India's breadbasket.[13][14] About 80%[15]-95%[16] of Punjab's agricultural land is owned by its Jat Sikh community despite it only forming 21%[17] of the state's population. About 10% of Punjab's population is made up of migrants from poorer states to the southeast such as Uttar Pradesh and Bihar who work as farm laborers.[18]
Other major industries include financial services, the manufacturing of scientific instruments, agricultural goods, electrical goods, machine tools, textiles, sewing machines, sports goods, starch, fertilisers, bicycles, garments, and the processing of pine oil and sugar.[19] Minerals and energy resources also contribute to Punjab's economy to a much lesser extent. Punjab has the largest number of steel rolling mill plants in India, which are in "Steel Town"—Mandi Gobindgarh in the Fatehgarh Sahib district. Punjab also has a large diaspora that is mostly settled in the United Kingdom, the United States, and Canada, numbers about 3 million, and sends back billions of USD in remittances to the state, playing a major role in its economy.[20] The state's bustling tourism, music,[21][22] culinary, and film[23][24] industries contribute to the state's economy as well, and are amongst the largest in India despite the state's small size and population, including India's largest music industry.[25][26][27][28]
According to the 2008 Global Hunger Index, Punjab has the lowest level of hunger in India. Less than one-fourth of children below the age of five are underweight.[29]
Punjab has a relatively well-developed infrastructure, including road, rail, air and river transport links that are extensive throughout the region. The state has also one of the lowest poverty rates in India at 8 percent in 2012.[30] Punjab has also seen strong economic growth, but since 2005 the state's growth has fallen below India's national average.[30]
Punjab won the best state performance award,[31] based on statistical data compiled by the Indian Government. In 2012, the state was one of the highest receivers of overall remittances to India which stood at $66.13 billion, behind Kerala and Tamil Nadu.[32]
Answer:
Amritsar
Explanation:
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