<h1>Punjab's Economic Struggles: Finance Commission Reviews Low Industry Contribution and Business Challenges in GST Era.</h1> The 15th Finance Commission, led by its chairman, met with trade and industry representatives in Punjab to assess the state's economic challenges. Punjab's secondary and tertiary sectors contribute less to its Gross State Value Added compared to other states, limiting its taxing capacity. The state, known for manufacturing bicycles and hosiery, ranks low in ease of doing business. Challenges include its capital, Chandigarh, being a Union Territory, border proximity to a hostile country, and industrial incentives in neighboring states. Punjab's agrarian economy has lost under GST, prompting initiatives like the Industrial Business Development Policy-2017 to boost growth.