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About Haryana: Information on Industries, Geography, Economy & Growth

February, 2018

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 3.58 per cent to India's GSDP. During FY12-17, the state’s GSDP grew at a compound annual growth rate (CAGR) of 12.96 per cent. At current prices, the total GSDP of Haryana was about US$ 85 billion in 2016-17.

The state has attracted Foreign Direct Investment (FDI) equity inflows worth US$ 70.39 billion during the period April 2000 to June 2017, 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.

Recent Developments:

  • The Government of Haryana has signed a memorandum of understanding (MoU) 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.
  • A medical college will be set up in each district of Haryana 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.
  • A Swedish organisation Kunskapsskolan is working with the government to improve vocational education at 100 state run schools.

Key Sectors:

  • Haryana is a preferred destination for auto majors and auto-component manufacturers. The state is host to many large automotive players.
  • Gurgaon has emerged as a preferred destination for the IT industry in North India, with more than 400 IT and ITeS companies.
  • Haryana aggressively promotes organic farming; financial assistance is provided to farmers for production and use of vermicompost. 
  • Abundant availability of raw materials gives Haryana a competitive advantage in the textile sector. The total cotton production in Haryana during FY17 was around 2 million bales.
  • Exchange Rate Used: INR 1 = US$ 0.0155 as on November 01, 2017