As of the 2001 Census of India[update],[3] Sri Karanpur had a population of 20,694.

[citation needed] Sri Karanpur once produced high quality cotton in India and attracted Birlas to set up a mill which still exists today in the town.

[citation needed] However, after 1995 people shifted to other cash crops.

Today, the primary cash crop of the area is kinnow, which is exported to West Asia.

The old Mandi is now a Bazaar for cloths, Bus Transporters, jewelers, restaurants, Retail plus Wholesale Medical Stores, Pharmaceutical Medicine Company and Sweet shops.