The economy of Haryana:
Gross State Domestic Product
- Contributes 3.6 % to India’s GDP
- At constant prices – Rs. 165385.26
- At current prices – Rs, 257792.62
- Growth Rate – 13 %
Net State Domestic Product:
- At constant prices – Rs. 149568.01
- At current prices – Rs. 23309.7
Per Capita Income:
- At constant prices - Rs. 59188
- At current prices – Rs. 92327
FDI Inflow: – US dollar 70 billion (between 2000 to July 2017)
- Food grains production – 166.29 lakh tones (wheat – 116; rice – 52; Sugarcane – 60; Oilseeds – 10, etc )
- Consumption of Fertilizers – 13.6 lakh tones
- Number of tractors – 2.63 lakhs
- Sugar Mills -11
- Primary land development Banks – 19
- of primary cooperative marketing societies – 71
Food and Supplies
- Fair Price Shops – 9375
- Wheat procured – 68.91 lakh tonnes
- Paddy procured – 28.82 tonnes
- Length of metalled roads – 38,499 km
- Villages connected by metalled Roads – 6764 km
- It was the first State in the country to introduce luxury video coaches.
- Fleet strength of roadways – 3469
- MSMEs – 82248 (registered)
- Large and medium scale units – 1357
- Exports – Rs. 44,250 crore
- of Tourism Complexes – 43
- of Tourists visiting in a year – 31 lakh (app.)
The minerals which are present in the state of Haryana are Coal; Dolomite; Feldspar; Iron Ore; Kaolin; Limestone; Sulphur; Quartz, etc.
- The economy of Haryana relies on manufacturing, retailing and information outsourcing.
- Major industrial products from Haryana are Automobiles (cars, motorcycles, tractors), Sanitaryware, Scientific instruments, Glass container Industry and Gas stove industries
- Haryana is home to various manufacturing sectors and numerous manufacturing companies present in this region. Few include Hindustan National Glass, Maruti Udyog Limited, Escorts Group, Hero MotoCorp, Alcatel, Sony, Whirlpool India, Bharti Telecom, Liberty Shoes and HMT.
- The important hub for manufacturing is Yamunanagar and Faridabad districts.
- Faridabad - Orient fans (C.K.Birla Group), JCB India Limited, Nirigemes, Agri Machinery Group (Escorts Group), Yamaha Motor India Pvt. Ltd., Whirlpool, ABB, Goodyear Tire and Rubber Company, Knorr Bremse India Pvt. Ltd
- There are more than 80,000 small-scale industrial units in the state which cumulatively bring in a substantial income for the state and its people.
- The state is one of India's largest automobile hubs and accounts for two-thirds of passenger cars, 50 per cent of tractors and 60 per cent of motorcycles manufactured in the country.
- The state has also emerged as a base for the knowledge industry, including IT and biotechnology.
- Haryana is the third-largest exporter of software and one of the preferred destinations for IT/ITeS facilities.
- A memorandum of understanding (MoU) was signed by the Haryana government with Verbind in November 2017. As per the memorandum, a logistics and trading hub is to be built in the state which will attract investments of around Rs 20,000 crore (US$ 3.1 billion).
- Amazon, the Seattle-headquartered e-commerce company that operates an online marketplace opened its 22nd fulfilment centre in Sonipat, Haryana.
- Each district of Haryana is going to have a medical college to meet the rising healthcare requirements.
- Walmart India Private Limited plans to open its chain of stores in Haryana, while Micromax also has plans to set up a mobile handset manufacturing unit in the National Capital Region.
- Haryana enjoys a locational advantage, with nearly one-third of the state’s area under the National Capital Region (NCR), a prominent trade and consumption centre.
- The state offers a wide range of fiscal and policy incentives for businesses under the Industrial and Investment Policy, 2011. Moreover, it has sector-specific policies, particularly for IT and tourism.
- The Haryana State Industrial and Infrastructure Development Corporation Ltd (HSIIDC) is the state's premier industrial promotion and investment facilitation agency, responsible for providing reliable and efficient facilities for entrepreneurs investing in the state.
Government’s Initiative for Industrial Infrastructure Development
- HSIIDC has developed a number of industrial estates, industrial model townships (IMT) and specialized parks for cluster development.
- An industrial model township is under-construction at Manesar, near Gurgaon. The region is being developed as an automotive and engineering hub.
- The government is developing sector-specific theme parks and sub-cities along the KMP Expressway.
- Single-window clearance mechanism was established under the Haryana Industrial Promotion Act, 2005. It has a three-tier structure to grant exemption/relaxation from any of the provisions/rules of the Act.
- The state government acquired 1,000 acres of land for a dedicated pharma park in the KMP express global economic corridor.
- The state invested in the development of world-class infrastructure facilities such as special economic zones (SEZs), Kundli-Manesar-Palwal (KMP) global corridor and Delhi-Mumbai Industrial Corridor (DMIC).
- The International Centre for Automotive Technology (ICAT) has been set up at Manesar as a part of the National Automotive Testing and R&D Infrastructure Project (NATRiP). It provides testing and R&D services to the industry.
- As of September 2017, the state had 7 operational SEZs, 23 formally approved SEZs, 3 SEZs with principal approval and 20 notified SEZs.
- The state government has proposed a sliding railway and logistic centre in IMT Manesar for smoother transportation and more effective inventory management.
- The state government has extended various incentives to companies within the sector, including relaxation in floor area ratio, rebate on registration, transfer of property charges and exemption under the Haryana Shop & Commercial Act.
- Haryana is the first state to have implemented its State Wide Area Network (SWAN) for voice, data and video transmission.
- The state government has established a Regional Centre for Biotechnology (RCB), Gurgaon under the guidance of UNESCO as a Category II Centre.