Gagret is fastest developing town in Himachal Pradesh, as many companies have established manufacturing units in Gagret, Advance Valves Pvt.Ltd. Cast Well, Mittal Uydog to name a few. Gagret is also known for its wholesale steel and timber market. Gagret town has a large cultivated area because of which it makes heavy contribution in agriculture as well as horticulture. The home products of this town includes potato, tomato, maize, wheat etc.

Govt. Senior Secondary School Ambota is one of the oldest higher secondary school in the area setup in 1947. Other institutes are Govt. High School Gagret, Govt. Senior Secondary School Gagret, Baba Sahib Ambedkar Govt. Polytechnic College, St.D.R.Public School Gagret, D.A.V Sr.Sec.School Ambota, Swami Vivekanand Public School respectively.