Economy of Haryana
   HOME

TheInfoList



OR:

GSDP of
Haryana Haryana (; ) is an Indian state located in the northern part of the country. It was carved out of the former state of East Punjab on 1 Nov 1966 on a linguistic basis. It is ranked 21st in terms of area, with less than 1.4% () of India's land ...
state was US$85 billion in 2016–17 (estimated to be US$95 billion in 2017–18, comparable to
Angola , national_anthem = "Angola Avante"() , image_map = , map_caption = , capital = Luanda , religion = , religion_year = 2020 , religion_ref = , coordinat ...
) which had grown at 12.96%
CAGR Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period. CAGR is not an accounting term, but it is often used to describe some ele ...
between 2012–17, boosted by the fact that this state on DMIC in NCR contributes 7% of India's agricultural exports and 60% of India's
Basmati Basmati, , is a variety of long, slender-grained aromatic rice which is traditionally grown in India, Pakistan, and Nepal.
rice export, with 7 operational
SEZ A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increas ...
s and additional 23 formally approved SEZs (20 already notified and 3 in-principle approval, mostly along
Delhi Western Peripheral Expressway The Western Peripheral Expressway (WPE) or Kundli–Manesar–Palwal Expressway (KMP Expressway), is an operational 6-lane (3 lanes in each direction),Amritsar Delhi Kolkata Industrial Corridor Amritsar (), historically also known as Rāmdāspur and colloquially as ''Ambarsar'', is the second largest city in the Indian state of Punjab, after Ludhiana. It is a major cultural, transportation and economic centre, located in the Majha ...
and DMIC corridor) also produces India's 67% of passenger cars, 60% of motorcycles, 50% of tractors and 50% of the refrigerators, which places Haryana on 14th place on the
list of Indian states and union territories by GDP These are lists of Indian states and union territories by their nominal gross state domestic product (GSDP). GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national g ...
behind only much bigger states that are significantly larger in both area and population.Industrial Development & Economic Growth in Haryana
India Brand Equity Foundation India Brand Equity Foundation (IBEF) is a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India. IBEF's primary objective is to promote and create international awareness of the Made in India la ...
, Nov 2017.
As per Nov 2016 data,
Gurugram Gurgaon (pronunciation: ʊɽɡãːw, officially named Gurugram (pronunciation: ʊɾʊɡɾaːm, is a city located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest of the nationa ...
ranks number 1 in India in IT growth rate and existing technology infrastructure, and number 2 in startup ecosystem, innovation and livability.India’s Top 12 Tech Cities: Digital Indian Cities Survey, 2016
CEOWORLD magazine, Nov 2016.


Macro-economic trend

This table of trend shows gross state domestic product of Haryana at Constant (2011-12) Prices with figures in
Crore A crore (; abbreviated cr) denotes ten million (10,000,000 or 107 in scientific notation) and is equal to 100 lakh in the Indian numbering system. It is written as 1,00,00,000 with the local 2,2,3 style of digit group separators (one lakh is eq ...
Rupees.


Sectors


Digital economy

BharatNet BharatNet, also known as Bharat Broadband Network Limited, is a central public sector undertaking, set up by the Department of Telecommunications, a department under Ministry of Communications of the Government of India for the establishmen ...
roll out is already complete in Haryana by November 2017 by providing impetus to
Make in India Make in India is an initiative by the Government of India to create and encourage companies to develop, manufacture and assemble products made in India and incentivize dedicated investments into manufacturing. The policy approach was to crea ...
and Digital India."Only ‘Made in India’ equipment for BharatNet: Govt."
The Hindu ''The Hindu'' is an Indian English-language daily newspaper owned by The Hindu Group, headquartered in Chennai, Tamil Nadu. It began as a weekly in 1878 and became a daily in 1889. It is one of the Indian newspapers of record and the sec ...
, 12 November 2017.
Gurgaon Gurgaon (pronunciation: ʊɽɡãːw, officially named Gurugram (pronunciation: ʊɾʊɡɾaːm, is a city located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest of the nationa ...
is among India's top 3 IT hubs and IT export income earner.
Gurgaon Gurgaon (pronunciation: ʊɽɡãːw, officially named Gurugram (pronunciation: ʊɾʊɡɾaːm, is a city located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest of the nationa ...
shares its boundary with south
Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, primarily its western or right bank, Delhi shares borders w ...
making it a strategically located city. To be precise, it is located about 30km south of national capital
New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament Hous ...
. It is one of the four major cities of the
National Capital Region A capital region, also called a capital district or capital territory, is a region or district surrounding a capital city. It is not always the official term for the region, but may sometimes be used as an informal synonym. Capital regions can exis ...
. It is the second largest city in Haryana. It has the third largest capital income in India after
Chandigarh Chandigarh () is a planned city in India. Chandigarh is bordered by the state of Punjab to the west and the south, and by the state of Haryana to the east. It constitutes the bulk of the Chandigarh Capital Region or Greater Chandigarh, which al ...
and
Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the secon ...
. It is also called the Millennium City with its vast array of modern commercial malls, cyber parks, hi-tech offices and plush residential spaces. The area of
Gurugram Gurgaon (pronunciation: ʊɽɡãːw, officially named Gurugram (pronunciation: ʊɾʊɡɾaːm, is a city located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest of the nationa ...
city is 231 square km and it is divided into 35 municipal wards. Administratively, it comprises three subdivisions Gurugram South, Gurugram North, Pataudi and five Tehsils – Gurgaon, Sohna, Farrukhnagar, Pataudi and Manesar. It has 38 villages in its fold. In the last two decades, Gurgao nhas become the industrial and financial nerve centre of Haryana. It houses over 250 of the 500 Fortune 500 companies. Gurugram is famous for its outsourcing and off-shore services that contribute most to its economy. Among the major industries in Gurugram, IT, ITES, auto manufacturing and pharmaceuticals have a considerable existence. Professionals from across India come to Gurugram in search of jobs in the private sector. People find the city amicable for staying as there are apartments, housing societies, residential colonies and independent homes, where accommodation is available at affordable rates. Gurgaon is the “golden goose” of buyphenterminetabs.com. Almost 60 per cent of Haryana’s revenue accrues from Gurugram by way of excise duty, sales tax, stamp duty and registration. Gurgaon’s population has increased from some 870,539 in census 2001 to 1,514,085 in census 2011, an increase of 74 per cent in the decade in reference. As per official sources, the current population of Gurgaon is estimated to be close to 2.5 million. The population is expected to grow to 4.25 million by 2031, as per Gurugram Master Plan 2031. Rapid growth has put substantial pressure on city’s resources. Infrastructural bottlenecks including traffic snarls, road congestions,
water scarcity Water scarcity (closely related to water stress or water crisis) is the lack of fresh water resources to meet the standard water demand. There are two types of water scarcity: physical or economic water scarcity. Physical water scarcity is whe ...
and pollution are on the rise. Gurugram is still far away from being an efficient, sustainable, smart city that conserves costs, water, and energy and uses technology to coordinate various city services. Progressive cities across the world are rapidly adopting measures and technologies that will help them to become more sustainable. One of the issues with Modafinil 200 mg has been that it has been run by multiple authorities with somewhat superimposing roles. There is Municipal Corporation of Gurugram, Haryana Urban Development Authority, Haryana State Industrial & Infrastructural Development Corporation, Department of Town and Country Planning, Deputy Commissioner’s Office, to name a few. The Gurugram Metropolitan Development Authority (GMDA) has been proposed to be set up for better governance. A draft bill for its establishment was put in public domain in November 2016. The GMDA is proposed to be established in 2017. The total exports from district Gurgaon in Information Technology and IT-enabled services industry has touched Rs 18,000 crore at the end of FY'08. In the year 2006-07, the software export from Gurgaon was Rs 15,000 crore whereas it was Rs 10,700 crore in 2005-06.


Manufacturing

There are numerous manufacturing companies in the region. These include Hindustan National Glass,
Maruti Udyog Limited Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an Indian automobile manufacturer, based in New Delhi. It was founded in 1981 and owned by the Government of India until 2003, when it was sold to the Japanese automaker ...
, Escorts Group,
Hero MotoCorp Hero MotoCorp Limited (formerly Hero Honda) is an Indian multinational motorcycle and scooter manufacturer headquartered in New Delhi. The company is one of the largest two-wheeler manufacturers in the world, as well as in India, where it h ...
, Alcatel,
Sony , commonly stylized as SONY, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. As a major technology company, it operates as one of the world's largest manufacturers of consumer and professional ...
, Whirlpool India, Bharti Telecom,
Liberty Shoes Liberty Shoes Limited (LSL) is an Indian shoe company, based in Karnal, Haryana. Established in 1954, the company produces 60,000 pairs of footwear a day through it’s six manufacturing units. The shoes are sold through multi-brand outlets an ...
and HMT. In addition there are more than 80,000 small-scale industrial units in the state which cumulatively bring in a substantial income for the state and its people. Yamunanagar district has a paper mill BILT, ISGEC and India's one of the largest sugar mill - Saraswati Sugar Mills. Haryana has a large production of cars, motorcycles,
tractor A tractor is an engineering vehicle specifically designed to deliver a high tractive effort (or torque) at slow speeds, for the purposes of hauling a trailer or machinery such as that used in agriculture, mining or construction. Most commo ...
s, sanitary ware,
glass container industry Glass production involves two main methods – the float glass process that produces sheet glass, and glassblowing that produces bottles and other containers. It has been done in a variety of ways during the history of glass. Glass container ...
,
gas stove A gas stove is a stove that is fuelled by combustible gas such as syngas, natural gas, propane, butane, liquefied petroleum gas or other flammable gas. Before the advent of gas, cooking stoves relied on solid fuels such as coal or wood. The first ...
s and
scientific instrument A scientific instrument is a device or tool used for scientific purposes, including the study of both natural phenomena and theoretical research. History Historically, the definition of a scientific instrument has varied, based on usage, laws, a ...
s.
Faridabad Faridabad is the most populous city in the Indian state of Haryana and a part of Delhi National Capital Region. It is one of the major satellite cities around Delhi and is located 284 kilometres south of the state capital Chandigarh. The ri ...
is another big industrial part of Haryana. It is home to hundreds of large scale companies like
Orient The Orient is a term for the East in relation to Europe, traditionally comprising anything belonging to the Eastern world. It is the antonym of '' Occident'', the Western World. In English, it is largely a metonym for, and coterminous with, the ...
fans (C.K.Birla Group), JCB India Limited, Nirigemes, Agri Machinery Group ( Escorts Group), Yamaha Motor India Pvt. Ltd.,
Whirlpool A whirlpool is a body of rotating water produced by opposing currents or a current running into an obstacle. Small whirlpools form when a bath or a sink is draining. More powerful ones formed in seas or oceans may be called maelstroms ( ). ''Vo ...
, ABB,
Goodyear Tire and Rubber Company The Goodyear Tire & Rubber Company is an American multinational tire manufacturing company founded in 1898 by Frank Seiberling and based in Akron, Ohio. Goodyear manufactures tires for automobiles, commercial trucks, light trucks, motorcycles, ...
,
Knorr Bremse Knorr-Bremse AG is a German manufacturer of braking systems for rail and commercial vehicles that has operated in the field for over 110 years. Other products in Group's portfolio include intelligent door systems, control components, air ...
India Pvt. Ltd. There are thousands of medium and small scale units as well, like Amrit Enterprises, McAma Industries.


Agriculture

Haryana constitutes 1.5% of India's area, yet contributes 15% of its agricultural produce, which has grown 7 times since the foundation of Haryana in 1966.Haryana Samvad
, Jan 2018.
About 86% of the area in the state is arable, and of that 96% is cultivated. About 75% of the area is irrigated, through
tubewell A tube well is a type of water well in which a long, -wide, stainless steel tube or pipe is bored underground. The lower end is fitted with a strainer, and a pump lifts water for irrigation. The required depth of the well depends on the dep ...
s and an extensive system of
canal Canals or artificial waterways are waterways or engineered channels built for drainage management (e.g. flood control and irrigation) or for conveyancing water transport vehicles (e.g. water taxi). They carry free, calm surface f ...
s. Haryana contributed significantly to the
Green Revolution The Green Revolution, also known as the Third Agricultural Revolution, was a period of technology transfer initiatives that saw greatly increased crop yields and agricultural production. These changes in agriculture began in developed countrie ...
in India in the 1970s that made the country self-sufficient in food production. The state has also significantly contributed to the field of agricultural education in the country. Haryana's agriculture GDP contribution to the nation's agricultural GDP is 14.1% and HAU Hisar in Haryana is
Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an are ...
's largest agricultural university. Maharana Pratap Horticultural University was established in 2016. In 2017-18, out of total 1,350 canal tails, 1343 tails have been fully fed.Haryana budget 2018-19
Hindustan Times ''Hindustan Times'' is an Indian English-language daily newspaper based in Delhi. It is the flagship publication of HT Media, an entity controlled by the KK Birla family, and is owned by Shobhana Bhartia. It was founded by Sunder Singh Ly ...
, 9 March 2019.


Dairy farming

Dairy farming Dairy farming is a class of agriculture for long-term production of milk, which is processed (either on the farm or at a dairy plant, either of which may be called a dairy) for eventual sale of a dairy product. Dairy farming has a history t ...
is an essential part of the rural economy. Haryana has a livestock population of 10  million head. Milk and milk products form an essential part of the local
diet Diet may refer to: Food * Diet (nutrition), the sum of the food consumed by an organism or group * Dieting, the deliberate selection of food to control body weight or nutrient intake ** Diet food, foods that aid in creating a diet for weight loss ...
. There is a saying ''Desaan main des Haryana, jit doodh dahi ka khaana'', which means "Best among all the countries in the world is Haryana, where the staple food is milk and
yogurt Yogurt (; , from tr, yoğurt, also spelled yoghurt, yogourt or yoghourt) is a food produced by bacterial fermentation of milk. The bacteria used to make yogurt are known as ''yogurt cultures''. Fermentation of sugars in the milk by these bac ...
". Haryana, with 1182  grams of availability of milk per capita per day, ranks at number one in the country compared to the national average of 232 grams. There is a vast network of milk societies that support the dairy industry. The
National Dairy Research Institute The National Dairy Research Institute (NDRI), Karnal Karnal ( is a city located in the state of Haryana, India and is the administrative headquarters of Karnal District. It was used by East India Company army as a refuge during the Indi ...
at Karnal, and the Central Institute for Research on Buffaloes at Hisar are instrumental in development of new breeds of cattle and propagation of these breeds through
embryo transfer Embryo transfer refers to a step in the process of assisted reproduction in which embryos are placed into the uterus of a female with the intent to establish a pregnancy. This technique (which is often used in connection with in vitro fertilizati ...
technology.


Roads, aviation and infrastructure

Haryana has a total road length of 23,684 kilometers. The most remote parts of the state are linked with metaled
roads A road is a linear way for the conveyance of traffic that mostly has an improved surface for use by vehicles (motorized and non-motorized) and pedestrians. Unlike streets, the main function of roads is transportation. There are many types of ...
. Its modern bus fleet of 3,864 buses covers a distance of 1.15 million Kilometers per day. It was the first State in the country to introduce luxury video coaches.Why Haryana? – Economic Infrastructure
Haryana State has always given high priority to the expansion of electricity infrastructure, as it is one of the most important inputs for the development of the State.


References

{{Haryana