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Punjab Growth Strategy 2023

Targets & Outcomes (2023)

  • Attainment of a sustainable economic growth of 7 percent annual growth of the provincial GDP by terminal year 2023
  • Create on average 1.20 million new jobs annually over the next five years, thereby contributing 60 percent to the national target of 10 million jobs. Reducing the idle youth in Punjab from 10.3 percent in 2017-18 to 8.8 percent by 2023
  • Reducing the Multi-dimensional poverty in the Punjab from 26.2 percent in 2017-18 to 19.5 percent by 2023
  • Increase the average number of new housing units to 640,000 annually over the next five years, thereby contributing 64 percent to the national target of 5 million new houses. 

Key Pillars

  • Enhancing the focus on sectors in which Punjab has comparative advantage in the national context and harness their potential
  • Creating an enabling environment for private sector led nvestment and growth
  • Investing more in quality formation of Human Capital and its Utilization
  • Making public investment and ADP sectoral priorities so as to maximize the impact  on growth
  • Advocating and coordinating with the federal government on managing key macroeconomic policy variables that have a significant impact on Punjab's Economy 

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