Economy of Haryana

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Economy of Haryana
Cyber City View.jpg
Gurgaon, the city's DLF Cyber City that houses some of the top IT & Fortune 500 companies.
Currency Indian Rupee (INR, ₹)
1 April – 31 March
Country group
Statistics
GDP ₹12.17 lakh crore (US$150 billion) (2024–25 est.) [3]
GDP rank 13th
GDP growth
13% (2020–21) [3]
GDP per capita
₹373,980 (US$4,700) (2023–24) [3]
GDP per capita rank
 5th
GDP by sector
Agriculture 21%
Industry 28%
Services 51% (2020–21) [4]
Population below poverty line
Decrease Positive.svg 11.16% in poverty (2017–18) [5]
Decrease2.svg 0.691 medium (2021) (11th)
UnemploymentIncrease Negative.svg 37.4% [6]
Public finances
24.2% of GSDP (2022–23 est.) [4]
₹−35,012 crore (US$−4.4 billion) (3.52% of GSDP) (2022–23 est.) [4]
Revenues₹1.07 lakh crore (US$13 billion) (2022–23 est.) [4]
Expenses₹1.42 lakh crore (US$18 billion) (2022–23 est.) [4]

GSDP of Haryana state is estimated to be US$140 billion in 2023-2034 [7] which had grown at 12.96% CAGR 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 rice export, with 7 operational SEZs and additional 23 formally approved SEZs (20 already notified and 3 in-principle approval, mostly along Delhi Western Peripheral Expressway as well as Amritsar 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 the list of Indian states and union territories by GDP behind only much bigger states that are significantly larger in both area and population. [7] [8]

Contents

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

Macro-economic trend

This table of trend shows gross state domestic product of Haryana at Constant (2011-12) Prices with figures in Crore Rupees. [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

Digital economy

BharatNet roll out is already complete in Haryana by November 2017 by providing impetus to Make in India and Digital India. [12] Gurgaon is among India's top 3 IT hubs and IT export income earner. Gurgaon shares its boundary with south Delhi making it a strategically located city. To be precise, it is located about 30km south of national capital New Delhi. It is one of the four major cities of the National Capital Region. It is the second largest city in Haryana. It has the third largest capital income in India after Chandigarh and Mumbai. 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 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.

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. [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

There are numerous manufacturing companies in the region. These include Hindustan National Glass, Maruti Udyog Limited, Escorts Group, Hero MotoCorp, Alcatel, Sony, Whirlpool India, Bharti Telecom, Liberty Shoes 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, tractors, sanitary ware, glass container industry, gas stoves and scientific instruments.

Faridabad is another big industrial part of Haryana. [15] It is home to hundreds of large scale companies like Orient 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

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, through tubewells and an extensive system of canals. Haryana contributed significantly to the Green 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% and HAU Hisar in Haryana is Asia'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

Dairy farming is an essential part of the rural economy. Haryana has a livestock population of 10  million head. [17] Milk and milk products form an essential part of the local diet. 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". 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. The National Dairy Research Institute [21] 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 technology.

Roads, aviation and infrastructure

The 32 lane toll gate at National Highway 8 is the largest in Asia and third largest in the world Delhi Gurgaon Toll Gate.jpg
The 32 lane toll gate at National Highway 8 is the largest in Asia and third largest in the world

Haryana has a total road length of 23,684 kilometers. The most remote parts of the state are linked with metaled roads. 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. [22]

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.

See also

Related Research Articles

<span class="mw-page-title-main">Haryana</span> State in northern India

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 November 1966 on a linguistic basis. It is ranked 21st in terms of area, with less than 1.4% of India's land area. The state capital is Chandigarh, which it shares with the neighbouring state of Punjab; and the most populous city is Faridabad, which is a part of the National Capital Region. The city of Gurgaon is among India's largest financial and technology hubs. Haryana has 6 administrative divisions, 22 districts, 72 sub-divisions, 93 revenue tehsils, 50 sub-tehsils, 140 community development blocks, 154 cities and towns, 7,356 villages, and 6,222 villages panchayats.

<span class="mw-page-title-main">Gurgaon</span> City in Haryana, India

Gurgaon, officially named Gurugram, is a satellite city and administrative headquarters of Gurgaon district, located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about 30 kilometres (19 mi) southwest of the national capital New Delhi and 268 km (167 mi) south of Chandigarh, the state capital. It is one of the major satellite cities of Delhi and is part of the National Capital Region of India. As of 2011, Gurgaon had a population of 876,969.

<span class="mw-page-title-main">National Highway 8 (India, old numbering)</span> Highway in India

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Pataudi is a town, a tehsil and one of the 4 sub-divisions of Gurugram district, in the Indian state of Haryana, within the boundaries of the National Capital Region of India. It is located 28 km (17.4 mi) southwest of Gurugram city.

<span class="mw-page-title-main">National Capital Region (India)</span> Planning region in India

The National Capital Region (NCR) is a planning region centered upon the National Capital Territory (NCT) of Delhi in India. It encompasses Delhi and several districts surrounding it from the states of Haryana, Uttar Pradesh, and Rajasthan. The NCR and the associated National Capital Region Planning Board (NCRPB) were created in 1985 to plan the development of the region and to evolve harmonized policies for the control of land-uses and development of infrastructure in the region. Prominent cities of NCR include Delhi, Faridabad, Ghaziabad, Gurgaon and Noida.

<span class="mw-page-title-main">Gurgaon district</span> District in Haryana, India

Gurgaon district, officially known as Gurugram district, is one of the 22 districts of Haryana in northern India. The city of Gurgaon is the administrative headquarters of the district. The population is 1,514,432. It is one of the southern districts of Haryana. On its north, it is bounded by the district of Jhajjar and the Union Territory of Delhi. Faridabad district lies to its east. To its south lie the districts of Palwal and Nuh. To the west lies Rewari district.

Dharuhera is a census town located, just 19 km from Rewari city in Rewari district of the state of Haryana, India. Dharuhera comes under Delhi NCR region and it is a big Industrial hub in Rewari District. Dharuhera is the new growth corridor of Gurugram and New Delhi. It is only an hour drive from the Indira Gandhi International Airport and 19 km from Rewari city, the district headquarter, 40 km from Gurugram. It connects Rajasthan to the capital, New Delhi, through the National Highway 48. It is a prime choice for industrialists, investors, and real estate developers due to its location. Dharuhera is located in what is colloquially referred as most prosperous region of Haryana.

<span class="mw-page-title-main">Farrukhnagar</span> Town in Haryana, India

Farrukhnagar is a small town and municipality in Farrukhnagar tehsil of Gurugram district in the Indian state of Haryana. It is situated 21 kilometres (13 mi) from Gurgaon and shares its border with Jhajjar district. It is part of the Ahirwal region.

Nangal Choudhary is a town and tehsil in District Mahendragarh near Narnaul in India. A famous personality, Baba Ramdev, belongs to the village which is a part of this region. Recently Haryana Govt declared Sub-Division status to Nangal Chaudhary as per Cabinet meeting held on 9 May 2023.

<span class="mw-page-title-main">Joya, India</span> City in Uttar Pradesh, India

Joya is a nagar panchayat located along highway NH-24 in Amroha district in the Western Uttar Pradesh. It is predominantly a milk producing city. Joya was a gram panchayat before 1988. The late Abrar Hussain was the first chairman of Joya in 1988.

<span class="mw-page-title-main">Manesar</span> Town in Haryana, India

Manesar is a town and municipal corporation, known as New Gurugram City in the Gurugram district of the state of Haryana, India and a part of the National Capital Region (NCR) of Delhi. It is an Industrial Model Township home to factories and industrial activity from multinational corporations.

<span class="mw-page-title-main">Economy of Andhra Pradesh</span>

The economy of the Indian state of Andhra Pradesh is primarily dependent on agriculture, which directly and indirectly employs 62% of the population. GSDP as per the first revised estimate, for the year 2023-24 is ₹15,90,242 crore. The state is ranked 1st in the country for the year 2021-22 in terms of the Gross State Domestic Product (GSDP) growth at constant prices with growth rate of 11.43%.

NH 248-BB, commonly known as Dwarka Expressway is a 27.6 km (17.1 mi) long, under construction, 8-lane (elevated) and 8-lane, total 16-lane elevated grade separated expressway connecting Dwarka in Delhi to Kherki Daula Toll Plaza, Gurgaon in Haryana. The expressway takes off from km 20 milestone of NH 48 at Shiv Murti in Mahipalpur in Delhi and terminate at km 40 of NH 48 near Kherki Daula Toll Plaza in Gurgaon in Haryana. The Dwarka Expressway has been planned as an alternate road link between Delhi and Gurgaon, and is expected to ease the traffic situation on the Delhi-Gurgaon Expressway.

Bandhwari is a village dominated by Gurjar community in Gurgaon district in the Indian state of Haryana. It is an important biodiversity area contiguous to Asola Bhatti Wildlife Sanctuary within the Northern Aravalli leopard wildlife corridor. Bandhwari is also nicknamed the "cancer village", because one in every three household has a cancer patient, caused by the mixing of leachate from the garbage landfill into the groundwater.

<span class="mw-page-title-main">Outline of Haryana</span> Overview of and topical guide to Haryana

The following outline is provided as an overview of and topical guide to Haryana.

<span class="mw-page-title-main">Economy of Delhi</span>

The economy of Delhi is the 13th largest among states and union territories of India. The Nominal GSDP of the NCR was estimated at 272.603 Billion and the Nominal GSDP of the NCT of Delhi for 2022-23 was estimated at ₹10.83 lakh crore (US$140 billion) recording an annual growth of 8.1%. Growth rate in 2014-15 was 9.2%. In 2020-21, the tertiary sector contributed 85% of Delhi's GSDP followed by the secondary and primary sectors at 12% and 3% respectively. The services sector recorded an annual growth of 7.3%. Delhi is the largest commercial centre in northern India. As of 2021, recent estimates of the economy of the urban area of Delhi have ranged from $370 billion and it has $272.603 billion as ranking it either the most or second-most productive metro area of India.

Delhi–Jaipur Highway or NH48 is a 242-kilometre-long (150 mi), eight-lane, Highway, connecting Delhi with Jaipur in India. It starts from Kherki Toll Plaza in Gurugram and terminate near Daulatpura Toll Plaza at Jaipur.

<span class="mw-page-title-main">Railway in Haryana</span> Train service in the northern Indian state

The rail network in the state of Haryana in India, is covered by five rail divisions under three rail zones: North Western Railway zone, Northern Railway zone and North Central Railway zone.

<span class="mw-page-title-main">Haryana State Industrial and Infrastructure Development Corporation</span> State-owned agency of the government of Haryana, India

Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), formerly Haryana State Industrial Development Corporation (HSIDC), headquartered at Panchkula, is a 100% state-owned agency of the government of Haryana in the Indian state of Haryana. For ease of doing business, Haryana is the first state in India to introduce a labour policy in 2005 and Land Pooling Policy in 2017, for which HSIIDC acts as the nodal agency. Haryana Financial Corporation provides financial assistance for setting up new industrial units and for the expansion and diversification of the existing industries. Various universities, educational and training institutes, including the nation's first skills university Haryana Vishwakarma Skill University, provide the human resources to capitalise on the infrastructure created by the HSIIDC.

<span class="mw-page-title-main">Rajesh Khullar</span> Diplomat and IAS officer, India

Rajesh Khullar is an Indian bureaucrat and Chief Principal Secretary to Chief Minister, Haryana. Previously, he was Executive Director at the World Bank Group representing India, Bangladesh, Bhutan, and Sri Lanka. Khullar is a retired 1988 batch Indian Administrative Service (IAS) officer.

References

  1. ↑ "World Economic Outlook Database, April 2019". IMF.org. International Monetary Fund . Retrieved 29 September 2019.
  2. ↑ "World Bank Country and Lending Groups". World Bank. Retrieved 29 September 2019.
  3. 1 2 3 "Uttar Pradesh Budget Analysis 2023-24". PRS Legislative Research . 22 February 2023. Retrieved 13 April 2023.
  4. 1 2 3 4 5 "Haryana Budget Analysis 2022-23". PRS Legislative Research. Retrieved 18 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. 1 2 "Haryana State Budget 2017-18" (PDF). Haryana Finance Dept. Archived from the original (PDF) on 22 August 2017. Retrieved 7 October 2017.
  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. Retrieved 17 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. Retrieved 19 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" . Retrieved 19 February 2020.
  15. ↑ "The Tribune, Chandigarh, India - Delhi and neighbourhood". www.tribuneindia.com.
  16. ↑ Haryana Samvad Archived 27 August 2018 at the Wayback Machine , Jan 2018.
  17. 1 2 "Haryana". Archived from the original on 31 January 2009. Retrieved 10 January 2009.
  18. ↑ Haryana budget 2018-19, Hindustan Times, 9 March 2019.
  19. ↑ "Haryana number two in milk production". The Times of India . 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 from the original on 25 November 2004.
  22. ↑ Why Haryana? – Economic Infrastructure Archived 10 April 2009 at the Wayback Machine
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