Last updated on Jun, 26 2020
Haryana is one of the leading states in terms of industrial production, especially passenger cars, two- wheelers, mobile cranes, and tractors. Haryana is the second-largest contributor of food grains to India’s central pool and accounts for more than 60 per cent of the export of Basmati rice in the country, third- largest exporter of software and one of the preferred destinations for IT/ITeS facilities.
With an area covering 1.3 per cent of the country, Haryana contributed near 3.63 per cent to India’s GDP in 2018-19. Between FY16-21, the state’s Gross State Domestic Product (GSDP) (in Rs) is estimated to grow at a CAGR of 13.65 per cent to Rs 9.40 trillion (US$ 134.46 billion) in 2020-21.
Merchandise export from Haryana reached US$ 11.20 billion in FY20 (till February 2020).
Haryana is a preferred destination for auto majors and auto-component manufacturers. The state is host to many large automotive players. The state produces two-third of passenger cars, 50 per cent of tractors, 60 per cent of motorcycles and 50 per cent of the refrigerators manufactured in the country. Automobiles and auto component export from Haryana stood at around US$ 945 million in FY19 and reached US$ 835.04 million between Apr-Dec 2019.
Export of electric machinery and equipment for Haryana reached US$ 1.41 billion in FY19 and US$ 261.56 million between Apr-Dec 2019.
As of March 2020, Haryana had a total installed power generation capacity of 12,500.44 MW, of which, 5557.78 MW was contributed by private sector, 3,139.30 MW was contributed by state facilities, and 3803.36 MW was contributed by central facilities.
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.
The state* attracted Foreign Direct Investment (FDI) equity inflow worth US$ 90.2 billion during April 2000 and March 2020 as per the data released by Department for Promotion of Industry and Internal Trade (DPIIT).
The state has taken several steps for developing industrial infrastructure to achieve consistent economic growth, below are some of the initiatives:
*Includes Delhi, part of Uttar Pradesh, (A) – Advance estimates
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