Last Updated: December 27, 2013
Latest update: November, 2014
Last Updated: November, 2014
HARYANA State Report | November, 2014
Haryana 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. Haryana is the second-largest contributor of food grains to India's central pool.
With an area covering just 1.3 per cent of the country, Haryana contributes nearly 3.8 per cent to India's GDP. During 2004-13, the state's gross state domestic product (GSDP) grew at a CAGR of 9 per cent. It is the third-largest exporter of software and one of the preferred destinations for IT/ITeS facilities. During 2011-12, the state registered IT/ITeS exports of US$ 5.2 billion.
The state is also 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 emerged as a base for the knowledge industry, including IT and biotechnology. Many large Indian and multinational companies have set up offices in the state due to high-quality infrastructure and proximity to Delhi.
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. Additionally, it has sector-specific policies, particularly for IT and tourism.