The following are the economic activities practiced in Palampur:
- Farming -Palampur used the modern farming method to get their agricultural production.
- Small Manufacturing - milk got from the cows and buffaloes is used to get ither mil products. These are sold to the near by towns to earn revenue for Palampur.
- Shop Keeping - Shopkeepers buy various goods from wholesale markets in the cities and sell them in the village.
- Dairy Production - using very simple production methods the men of Palampur produced goods for consumption.
- Transport - Rickshawallahs, tangawallahs, jeep, tractor, truck drivers and people driving the traditional bullock cart and bogey ferry people and goods from one place to another, and in return get paid for it.
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