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Economy of Haryana

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Economy ofHaryana
Gurgaon, the city's DLF Cyber City that houses some of the top IT & Fortune 500 companies.
CurrencyIndian Rupee (INR, ₹)
1 April – 31 March
Country group
Statistics
GDP$170 billion (2025–26 est.)[3]
GDP rank13th
GDP growth
11% (2025–26)[3]
GDP per capita
Increase436,491 (US$5,200) (nominal; 2025 est.)[3]$22,400 (PPP; 2025 est.)[3]
GDP per capita rank
5th
GDP by sector
Agriculture 21%
Industry 28%
Services 51% (2020–21)[4]
Population belowpoverty line
Positive decrease11.16% in poverty (2017–18)[5]
Increase 0.724high (2021) (11th)
UnemploymentNegative increase 37.4%[6]
Public finances
24.2% of GSDP (2022–23 est.)[4]
−35,012 crore (US$−4.1 billion) (3.52% of GSDP) (2022–23 est.)[4]
Revenues1.07 lakh crore (US$13 billion) (2022–23 est.)[4]
Expenses1.42 lakh crore (US$17 billion) (2022–23 est.)[4]
All values, unless otherwise stated, are inUS dollars.

GSDP ofHaryana state is estimated to be 170.4 billion in financial year 2025-2026[7] which had grown at 12.96%CAGR between 2012–17, boosted by the fact that this state onDMIC inNCR contributes 7% of India's agricultural exports and 60% of India'sBasmati rice export, with 7 operationalSEZs and additional 23 formally approved SEZs (20 already notified and 3 in-principle approval, mostly alongDelhi Western Peripheral Expressway as well asAmritsar Delhi Kolkata Industrial Corridor and DMIC corridor). Haryana 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 thelist of Indian states and union territories by GDP behind only much bigger states that are significantly larger in both area and population.[7][8]

As per Nov 2016 data,Gurugram ranks number 1 in India in IT growth rate and existing technology infrastructure, and number 2 instartup ecosystem, innovation and livability.[9]Smaller butricher state of Haryana is a massive provider offood security, as Haryana & Punjab together provide 70-90% of wheat & 28-44% of rice of India'sPDS,[10] which is then redistributed to other net negative food security states such asBIMARU states.

Macro-economic trend

[edit]
This section needs to beupdated. Please help update this article to reflect recent events or newly available information.(October 2017)

This table of trend shows gross state domestic product of Haryana at Constant (2011-12) Prices with figures inCroreRupees.[11]

YearGross State Domestic Product
2011-20122,97,538.52
2012-20133,20,911.91
2013-20143,47,506.61
2014-20153,70,534.51
2015-20164,13,404.79
2016-20174,56,659.35
2017-20184,94,068.03
2018-20195,31,085.19
2019-20205,72,239.70

Sectors

[edit]

Digital economy

[edit]

BharatNet roll out is already complete in Haryana by November 2017 by providing impetus toMake in India andDigital India.[12]Gurgaon is among India's top 3 IT hubs and IT export income earner.Gurgaon shares its boundary with southDelhi making it a strategically located city. To be precise, it is located about 30km south of national capitalNew Delhi. It is one of the four major cities of theNational Capital Region. It is the second largest city in Haryana. It has the third largest capital income in India afterChandigarh andMumbai. 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 ofGurugram 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, Gurgaon has 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. Almost 60 per cent of Haryana’s revenue accrues from Gurugram by way of excise duty, sales tax, stamp duty and registration.[13]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 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.

TheGurugram 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.[14]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

[edit]

There are numerous manufacturing companies in the region. These includeHindustan National Glass,Maruti Udyog Limited,Escorts Group,Hero MotoCorp,Alcatel,Sony,Whirlpool India,Bharti Telecom,Liberty Shoes andHMT. 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 millBILT,ISGEC and India's one of the largest sugar mill - Saraswati Sugar Mills. Haryana has a large production ofcars, motorcycles,tractors,sanitary ware,glass container industry,gas stoves andscientific instruments.

Faridabad is another big industrial part of Haryana.[15] It is home to hundreds of large scale companies likeOrient fans (C.K.Birla Group),JCB India Limited,Nirigemes, Agri Machinery Group (Escorts Group),Yamaha Motor India Pvt. Ltd.,Whirlpool,ABB,Goodyear Tire and Rubber Company,Knorr Bremse India Pvt. Ltd. There are thousands of medium and small scale units as well, like Amrit Enterprises, McAma Industries.

Agriculture

[edit]

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.[16]

About 86% of the area in the state is arable, and of that 96% is cultivated. About 75% of the area is irrigated, throughtubewells and an extensive system ofcanals. Haryana contributed significantly to theGreen Revolution 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% andHAU Hisar in Haryana isAsia's largest agricultural university.[17]Maharana Pratap Horticultural University was established in 2016. In 2017-18, out of total 1,350 canal tails, 1343 tails have been fully fed.[18]

Dairy farming

[edit]

Dairy farming is an essential part of the rural economy. Haryana has a livestock population of 10  million head.[17] Milk andmilk products form an essential part of the localdiet. There is a sayingDesaan 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 andyogurt". 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.[19][20] There is a vast network of milk societies that support the dairy industry. TheNational Dairy Research Institute[21] at Karnal, and theCentral Institute for Research on Buffaloes at Hisar are instrumental in development of new breeds of cattle and propagation of these breeds throughembryo transfer technology.

Infrastructure

[edit]

See also

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References

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  1. ^"World Economic Outlook Database, April 2019".IMF.org.International Monetary Fund. Retrieved29 September 2019.
  2. ^"World Bank Country and Lending Groups". World Bank. Retrieved29 September 2019.
  3. ^abcd"Haryana Budget Analysis 2025–26".PRS Legislative Research. 2025. Retrieved7 April 2025.
  4. ^abcde"Haryana Budget Analysis 2022-23".PRS Legislative Research. Retrieved18 March 2022.
  5. ^"SDGs India Index".NITI Aayog. 31 December 2019.
  6. ^"Unemployment Rate in India 2023, Current rate and Historical Trends". 18 January 2023.
  7. ^ab"Haryana State Budget 2025-2026".PRS INDIA.
  8. ^Industrial Development & Economic Growth in Haryana,India Brand Equity Foundation, Nov 2017.
  9. ^India’s Top 12 Tech Cities: Digital Indian Cities Survey, 2016, CEOWORLD magazine, Nov 2016.
  10. ^How Punjab and Haryana may de-risk Indian economy, 27 June 2023.
  11. ^"GSDP NSDP Per Capita Income of Haryana".esaharyana.gov.in. Retrieved17 September 2021.
  12. ^"Only ‘Made in India’ equipment for BharatNet: Govt.",The Hindu, 12 November 2017.
  13. ^Feb 13, Ajay Sura (15 July 2015)."Haryana: Lokayukta indicts ex-IAS officer for irregularities in allotting shop | Chandigarh News - Times of India".The Times of India. Retrieved19 February 2020.{{cite news}}: CS1 maint: numeric names: authors list (link)
  14. ^Rabin, Karmakar (14 August 2018)."Haryana eKharid- Kisan Panjikaran-farmers and traders-online registration". Retrieved19 February 2020.
  15. ^"The Tribune, Chandigarh, India - Delhi and neighbourhood".www.tribuneindia.com.
  16. ^Haryana SamvadArchived 27 August 2018 at theWayback Machine, Jan 2018.
  17. ^ab"Haryana". Archived fromthe original on 31 January 2009. Retrieved10 January 2009.
  18. ^Haryana budget 2018-19,Hindustan Times, 9 March 2019.
  19. ^"Haryana number two in milk production".The Times of India. 25 June 2006.Archived from the original on 21 October 2012.
  20. ^Haryana 2nd in milk yield[permanent dead link]
  21. ^"The Telegraph - Calcutta : KnowHOW".www.telegraphindia.com. Archived fromthe original on 25 November 2004.
Topics
Districts and
divisions
Ambala division
Faridabad division
Gurgaon division
Hisar division
Karnal division
Rohtak division
Majorcities
Culture
Economy
Sarasvati civilization
(Indus Valley Civilisation)
Archaeological
Baoli (Stepwells)s
Buddhist and Hindu sites
Haveli
  • Nangal Sirohi
  • Hemu Ki Haveli in Rewari
  • Noor Mahal in Karnal
  • Gurugram: (Sikanderpur, Mohammadpur Jharsa, 12 Biswa haveli in Gurgaon gaon, Mahalwala haveli in 8 Biswa of Gurgaon gaon)
Forts
Hills
Caves
Historical
Protected areas
Endangered wildlife
breeding
Zoos
Herbal parks
Lakes
Dams
Rivers
Religious
Offices
Public places
Extreme corners
Highest and
lowest
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Elections
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