Latest update: December, 2016
Last Updated: December, 2016
HARYANA State Report | December, 2016
Haryana is among the northern most states in India and adjacent to national capital Delhi. It is surrounded by Uttar Pradesh in the east, Punjab in the west, Himachal Pradesh in the north and Rajasthan in the south. The state surrounds the national capital city, New Delhi, from three sides. Historically an agrarian state, Haryana today is a well-developed industrial state.
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.
Although Haryana has an area covering just 1.3 per cent of the country, Haryana contributes nearly 3.63 per cent to India's GSDP. During 2004-16, the state’s GSDP grew at a compound annual growth rate (CAGR) of 12.12 per cent. At current prices, the total GSDP of Haryana was about US$ 75.3 billion in 2015-16.
The state has attracted Foreign Direct Investment (FDI) equity inflows worth US$ 62.15 billion during the period April 2000 to March 2016, according to data released by Department of Industrial Policy and Promotion (DIPP).
The state government of Haryana has been committed to creating a progressive business environment. The state offers a wide range of fiscal and policy incentives for businesses under the Industrial and Investment Policy, 2011. Haryana stands 14th among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.
Last Updated: January 04, 2017