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Haryana

Last Updated: November 2009
 

Haryana has a per capita income higher than the national average—in 2007-08, the per capita income of Haryana was US$ 1,455.9, higher than the all-India average of US$ 850. Agriculture is one of the biggest employment generators in rural Haryana with strong potential in value addition and exports.

The state economy is shifting from agriculture to manufacturing and services sectors. Production of textiles, including ready-made garments, in Haryana is roughly US$ 1 billion, annually, and almost one-third of this is exported.

Haryana has witnessed a strong inflow of investments in recent times. As of December 2008, the total outstanding investments in Haryana was about US$ 76.57 billion. The secondary sector of Haryana is driven by automobile and auto components, light engineering, electricity, gas and construction. Haryana has a significant share in the production of passenger cars, tractors, motor cycles, refrigerators and sanitary-ware in the country. The state produces half of the passenger cars and two-wheelers in the country and is the preferred destination for auto majors and auto component manufacturers and is host to many significant players including Maruti Suzuki, Hero Honda and Yamaha Motors.

Gurgaon has emerged as a preferred destination for the IT Industry in North India. Total software exports from Haryana were about US$ 3.04 billion in 2006-07; software exports from the state have shown a growth of 33.5 per cent in 2006-07 over the previous year. The electronics industry in Haryana has also shown improved performance; a US$ 5.2 billion industry in 2006, it grew at a compound annual growth rate (CAGR) of 19.2 per cent between 2002 and 2006.

State Presentation (September 2009)
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Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
 
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Related Websites
Haryana Government
Haryana Urban Development Authority (HUDA)
Haryana's Economic and Statistical Organization
Haryana


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