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{{Short description|Economy of Haryana}}
{{original research|date=September 2016}}
{{Use Indian English|date=May 2014}}
{{Use dmy dates|date=May 2014}}
{{Infobox economy
| country = Haryana
| image = DLF CyberHub.jpg
| image_size =
| caption = The DLF Cyber City is a corporate park in Gurgaon, India, which houses some of the top IT & Fortune 500 companies
| organs =
| year = 1 April – 31 March
| currency = [[Indian Rupee]] [[₹]]
| gdp = {{INR Convert|9.94|lc}} (2022–23 est.)<ref name="Budget Analysis"/>
| gdp rank = [[List of Indian states and union territories by GDP|13th]]
| growth = -5.7% (2020–21)<ref name="Budget Analysis"/>
| per capita = {{INRConvert|263649}} (2020–21)<ref name="Budget Analysis"/>
| per capita rank = [[List of Indian states and union territories by GDP per capita|5th]]
| sectors = Agriculture 21% <br /> Industry 28% <br /> Services 51% (2020–21)<ref name="Budget Analysis"/>
| components =
| inflation =
| bankrate =
| poverty = {{decreasepositive}} [[List of Indian states and union territories by poverty rate|11.16%]] in poverty (2017–18)<ref>{{cite web | title=SDGs India Index | url=https://sdgindiaindex.niti.gov.in/#/ranking |work=[[NITI Aayog]] | date=31 December 2019}}</ref>
| gini =
| hdi = {{increase}} 0.708 {{color|green|high}} (2018) ([[List of Indian states and territories by Human Development Index|11th]])
| labor =
| occupations =
| unemployment = {{increaseNegative}} 25.6% (Nov 2020)<ref>{{cite web|title=Unemployment Rate in India |url=https://unemploymentinindia.cmie.com/ |publisher=Centre for Monitoring Indian Economy |page=1 |access-date=3 November 2020}}</ref>
| average gross salary =
| gross median =
| average net salary =
| net median =
| industries =
| edbr =
| exports =
| export-goods =
| export-partners =
| imports =
| import-goods =
| import-partners =
| FDI =
| current account =
| gross external debt =
| NIIP =
| debt = 24.2% of GSDP (2022–23 est.)<ref name="Budget Analysis"/>
| balance = {{INRConvert|-35012|c|nolink=yes}} (3.52% of GSDP) (2022–23 est.)<ref name="Budget Analysis"/>
| revenue = {{INRConvert|1.07|lc|nolink=yes}} (2022–23 est.)<ref name="Budget Analysis"/>
| expenses = {{INRConvert|1.42|lc|nolink=yes}} (2022–23 est.)<ref name="Budget Analysis">{{cite web|title=Haryana Budget Analysis 2022-23|url=https://prsindia.org/budgets/states/haryana-budget-analysis-2022-23|website=PRS Legislative Research|access-date=18 March 2022}}</ref>
| aid =
| credit =
| spelling = Oxford
| presentUS$asdefault = no
}}

GSDP of '''[[Haryana]] state''' was US$85 billion in 2016-17 (estimated to be US$95 billion in 2017-2018, comparable to [[Angola]]),<ref name=harec1>{{cite web|title=Haryana State Budget 2017-18|url=http://web1.hry.nic.in/budget/Bgfinal.pdf|website=Haryana Finance Dept|access-date=7 October 2017}}</ref> which had grown at 12.96% [[compound annual growth rate|CAGR]] between 2012–17, boosted by the fact that this state on [[Delhi–Mumbai Industrial Corridor Project|DMIC]] in [[National Capital Region (India)|NCR]] contributes 7% of India's agricultural exports and 60% of India's [[Basmati]] rice export, with 7 operational [[special economic zone|SEZ]]s 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) 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.<ref name=harec1/><ref name=harec2>[https://www.ibef.org/states/haryana-presentation Industrial Development & Economic Growth in Haryana], [[India Brand Equity Foundation]], Nov 2017.</ref> 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.<ref name=harec3>[http://ceoworld.biz/2016/12/02/indias-top-12-tech-cities-digital-indian-cities-survey-2016/ India’s Top 12 Tech Cities: Digital Indian Cities Survey, 2016], CEOWORLD magazine, Nov 2016.</ref>

== Macro-economic trend ==
{{Update|section|date=October 2017}}
This table of trend shows gross state domestic product of Haryana at Constant (2011-12) Prices with figures in [[Crore]] [[Rupees]].<ref>{{Cite web|title=GSDP NSDP Per Capita Income of Haryana|url=http://esaharyana.gov.in/en-us/GSDP-NSDP-Per-Capita-Income-of-Haryana|access-date=2021-09-17|website=esaharyana.gov.in}}</ref>

{| class="wikitable"
|-
! Year || Gross State Domestic Product
|-
| 2011-2012 || 2,97,538.52
|-
| 2012-2013 || 3,20,911.91
|-
| 2013-2014 || 3,47,506.61
|-
| 2014-2015 || 3,70,534.51
|-
| 2015-2016 || 4,13,404.79
|-
| 2016-2017 || 4,56,659.35
|-
| 2017-2018 || 4,94,068.03
|-
| 2018-2019 || 5,31,085.19
|-
|2019-2020
|5,72,239.70
|}

==Sectors==
===Digital economy===
[[Bharat Broadband Network|BharatNet]] roll out is already complete in Haryana by November 2017 by providing impetus to [[Make in India]] and [[Digital India]].<ref name=bbnl2>[http://www.thehindubusinessline.com/info-tech/only-made-in-india-equipment-for-bharatnet-govt/article9954895.ece "Only ‘Made in India’ equipment for BharatNet: Govt."], [[The Hindu]], 12 November 2017.</ref> [[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 (India)|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 [[Gurgaon|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, 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.<ref>{{cite news |last1=Feb 13 |first1=Ajay Sura |title=Haryana: Lokayukta indicts ex-IAS officer for irregularities in allotting shop {{!}} Chandigarh News - Times of India |url=https://timesofindia.indiatimes.com/city/chandigarh/lokayukta-indicts-former-hsamb-chief-for-irregularities-in-allotting-shop/articleshow/74108506.cms |access-date=19 February 2020 |work=The Times of India |date=15 July 2015 |language=en}}</ref>
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.<ref>{{cite news |last1=Rabin |first1=Karmakar |title=Haryana eKharid- Kisan Panjikaran-farmers and traders-online registration |url=https://revexpo.com/review/about-haryana-ekharid-kisan-panjikaran/#Haryana_State_Agriculture_Marketing_Board-HSAMB |access-date=19 February 2020 |date=14 August 2018}}</ref>
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 Mobile Phones|Alcatel]], [[Sony]], [[Whirlpool Corporation|Whirlpool India]], [[Bharti Telecom]], [[Liberty Shoes]] and [[HMT (India)|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 [[car]]s, motorcycles, [[tractor]]s, [[sanitary ware]], [[glass container industry]], [[gas stove]]s and [[Laboratory equipment|scientific instrument]]s.

[[Faridabad]] is another big industrial part of Haryana.<ref>{{cite web|url=http://www.tribuneindia.com/2005/20051228/delhi.htm#1|title=The Tribune, Chandigarh, India - Delhi and neighbourhood|website=www.tribuneindia.com}}</ref> It is home to hundreds of large scale companies like [[Orient]] fans (C.K.Birla Group), [[JCB (company)|JCB India Limited]], [[Nirigemes]], Agri Machinery Group ([[Escorts Group]]), [[India Yamaha Motor|Yamaha Motor India Pvt. Ltd.]], [[Whirlpool]], [[ABB Group|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.<ref name=sarasnew1>[http://haryanasamvad.gov.in/store/document/11%2012%201%20HARYANA%20SAMVAD%20NOV-%20JAN%202017-2018%20FOR%20for%20web.pdf Haryana Samvad] {{Webarchive|url=https://web.archive.org/web/20180827125256/http://haryanasamvad.gov.in/store/document/11%2012%201%20HARYANA%20SAMVAD%20NOV-%20JAN%202017-2018%20FOR%20for%20web.pdf |date=27 August 2018 }}, Jan 2018.</ref>

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]]s and an extensive system of [[canal]]s. 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 [[Chaudhary Charan Singh Haryana Agricultural University|HAU Hisar]] in Haryana is [[Asia]]'s largest agricultural university.<ref name="autogenerated5">{{cite web|url=http://haryana.nic.in/general/agriculture.htm|title=Haryana|access-date=10 January 2009|archive-url=https://web.archive.org/web/20090131120227/http://haryana.nic.in/general/agriculture.htm|archive-date=31 January 2009|url-status=dead|df=dmy-all}}</ref> [[Maharana Pratap Horticultural University]] was established in 2016. In 2017-18, out of total 1,350 canal tails, 1343 tails have been fully fed.<ref name=tail1>[https://www.hindustantimes.com/india-news/haryana-budget-addresses-agrarian-distress/story-ggwUhWvgce9mYk9mqNfAGL.html Haryana budget 2018-19], [[Hindustan Times]], 9 March 2019.</ref>

===Dairy farming===
[[Dairy farming]] is not an essential part of the rural economy. Haryana has a livestock population of 10  million head.<ref name="autogenerated5" /> Milk and [[milk products]] form an essential part of the local [[cuisine|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.<ref>{{cite web|url=http://articles.timesofindia.indiatimes.com/2006-06-25/india/27792267_1_milk-production-haryana-financial-year|archive-url=https://web.archive.org/web/20121021161406/http://articles.timesofindia.indiatimes.com/2006-06-25/india/27792267_1_milk-production-haryana-financial-year|url-status=dead|archive-date=2012-10-21|work=[[The Times of India]]|title=Haryana number two in milk production}}</ref><ref>[http://www.indianexpress.com/res/web/pIe/ie/daily/19981013/28651694.html Haryana 2nd in milk yield]{{dead link|date=September 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> There is a vast network of milk societies that support the dairy industry. The [[National Dairy Research Institute]]<ref>{{cite web|url=http://www.telegraphindia.com/1041124/asp/careergraph/story_4020763.asp|title=The Telegraph - Calcutta : KnowHOW|website=www.telegraphindia.com}}</ref> 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==
[[File:Delhi Gurgaon Toll Gate.jpg|thumb|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.<ref>[http://haryanaindustries.nic.in/WhyHaryana/Pages/NewEconomicInfrastructure.aspx Why Haryana? – Economic Infrastructure] {{webarchive|url=https://web.archive.org/web/20090410062940/http://haryanaindustries.nic.in/WhyHaryana/Pages/NewEconomicInfrastructure.aspx |date=10 April 2009 }}</ref>

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==
{{reflist|30em}}

{{Haryana}}

[[Category:Economy of Haryana| ]]

Economy of Haryana - Revision history

UpdateBot at 15:10, 25 May 2022