The State of Punjab is today ranked as one of the most progressive States of the country. With the State's GDP growing at a rate of 13%, Punjab has the 5th highest per capital income. The State has one of the best infrastructure both in terms of physical and support infrastructure and a large number of projects have been envisaged by the Government. Punjab offers conducive business environment with Ludhiana being adjudged as the best place for doing business in India as per a World Bank Study conducted across 17 cities of India.

Punjab has a large pool of educated workforce with a large network of schools and colleges. The State has many prominent technical institutes such as IIT Roopnagar, National Institute of Technology (NIT), Jalandhar and Thapar Engineering College, Patiala. Knowledge City spreading over 380 acres is being developed in Mohali that would constitute of well established institutes such as IISER, NIPER and proposed NABI, ISB, and Indian Institute of Nano Science and Technology.

The State has thriving industrial estate with a health mix of small and large scale units. The State has identified IT as one of the thrust areas and has proposed development of SEZs in Roopnagar, Kapurthala and Railmajra. Punjab is also home to several prominent entrepreneurs.