Latest update: April, 2019
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.
Between FY12-19A, the state’s GSDP (in Rs) grew at a CAGR of 12.16 per cent to Rs 7.07 trillion (US$ 98.01 billion) in 2018-19 (A). The state accounted for 7.28 per cent of India’s agricultural exports in FY19 (up to December 2018). Merchandise exports from Haryana reached US$ 13.3 billion in FY18 and US$ 12.60 billion in FY19 (up to February 2019).
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-thirds 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 exports from Haryana were around US$ 1.39 billion in FY18 and have reached US$ 945.55 million between Apr-Dec 2018.
According to the Department for Promotion and Internal Trade (DPIIT), cumulative foreign direct investment (FDI) inflows in Haryana1 from April 2000 to December 2018 stood at US$ 82.77 billion.
The state has invested in the development of world class infrastructure facilities such as special economic zones (SEZs), Kundli-Manesar-Palwal (KMP) global corridor and Delhi- Mumbai Industrial Corridor (DMIC). Haryana enjoys a locational advantage, with nearly one-third of the state’s area under the National Capital Region (NCR), a prominent trade and consumption centre. Between FY15- 18, Haryana has witnessed investments of around Rs 80,000 crore (US$ 11.93 billion).
The state offers a wide range of fiscal and policy incentives for businesses sunder 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 has taken a number of steps for developing industrial infrastructure to achieve consistent economic growth. The following are some of the initiatives:
Note: A – Advance estimates
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