Ludhiana, the ’Manchester of India’ is renowned worldwide for its hosiery industry. Apart from hosiery entity, cycle industry too has positioned Ludhiana on the international echelons with a visible lead. . Though the Official Capital of Punjab is Chandigarh, the Business Capital of Punjab is Ludhiana. Ludhiana is now Punjab's most populated and very rapidly growing metropolitan city. An important industrial town, Ludhiana in Punjab, is Textile and light engineering centre of India. Ludhiana accounts for 90% of the country's woollen hosiery industry. In the country, Ludhiana has got the highest per capita vehicles and highest per capita income
Ludhiana is emerging as the potential IT Hub, as the international entrepreneurs are finding Ludhiana economically and physically the most likely place for their ventures to be put up because of its geographical and educational developments. So far as the technical arena of Punjab is concerned, Ludhiana has come a long away with the mushrooming of technical education institutes. The city has chunk of educated and technically skilled youth ready to explore the prevailing opportunities.

The city standing on the Grand Trunk Road from Delhi to Amritsar has easy connectivity via rail and roads to national capital of the country and all the major cities of Princely State. Ludhiana’s proximity to Wagah Border of Amritsar, an international border between India and Pakistan, has been proving a fortunate help for Punjab’s growth. Ludhiana’s proximity to proposed airport at Sahnewal is another feather in its cap. Chandigarh and Amritsar national airports are nearby Ludhiana and thus ensuring open international doorway. Punjab Agricultural University, Asia’s No. one Varsity, situated in Ludhiana has played a key role in increasing food grain production in the Punjab State several folds share its reputation and ushering in an era of Green Revolution in India.
Hegemony of leading internet service providers like Bharti Telecom, Reliance, BSNL, and TATA Indicom in Ludhiana is playing a vital role in boom of IT industry.