An experiment was conducted at Agricultural Research Station, Sriganganagar to evaluate the genetic potential of32 pearl millet hybrids/varieties for agro-economic traits under the canal irrigated situations of Agro-Climatic zone 1b of Rajasthan during Kharif-2025. Analysis of Variance revealed highly significant differences among genotypes for grain yield and its attributing traits. Genetic parameters assessment indicated that stover yield and panicle length possessed high heritability coupled with high genetic advance, suggesting these traits were governed by additive gene action. Correlation analysis highlighted a significant positive association between grain yield and productive tillers, while principal component analysis identified three major components that cumulatively explained 81.59% of the total geneticvariability among the genotypes. Pearl millet hybrids 86M94 (4,665 kg/ha) and 86M84 (4,543 kg/ha) were found most productive for grain yield maximization, while PB-1852 (12,481 kg/ha) was identified as the most suitable hybrid for high biomass production (12481.32 kg/ha) along with good grain yield (4086.11 kg/ha). For cropping systems requiring short-duration varieties, HHB-67 Improved, offered the distinct advantage of earliness (<80 days to maturity). However, other pearl millet hybrids/varieties namely GHB-1305, GHB-1294, MPMH-42, MPMH-35, HHB-234, 86M01, GHB- 905, PB-1705, 86M80, 86M86, RHB-233, RHB-234, AHB-1269, JBV-2, Raj-171 also performed well and provided higher grain yield over the mean value. Therefore, these hybrids/varieties seemed to be suitable for cultivation under canal irrigated situation of Agro-Climatic Zone-1b of Rajasthan.