Last updated on Jun, 26 2020
HARYANA State Report | June, 2020
Haryana is among the northern most state in India and adjacent to Delhi, the national capital of India. 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.
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) grew at a CAGR of 13.65 per cent to Rs 9.40 trillion (US$ 134.46 billion) in 2020-21.
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 ranked the third best state in the country under ease of doing business in the Business Reforms Action Plan 2017. As of November 2019, the state had seven exporting Special Economic Zones (SEZs).
*Includes Delhi, part of Uttar Pradesh, (A) – Advance estimates