Haryana Economy & Industry

Economy: At a Glance

Haryana’s economy is largely dependent on agriculture. About 70% people of the total population are engaged in farming. Wheat and rice are the major crops grown in the state. Haryana is self-sufficient in food production and the second largest contributor to India's central pool of food grains. Haryana greatly contributed to the Green Revolution in India in the 1970s as a result of which the country has become self-sufficient in food production. Dairy farming is also an essential part of the rural economy. Milk and milk products form an essential part of the local diet.

In 2001-02, per capita income of the state was Rs.23,742, net state domestic product was Rs.47,474 crore, with Rs.7,050 crore worth of exports. The plan outlay for 2005-06 increased from Rs.2108 crore to Rs.3034.73 crore which is an increase of 44 per cent. Considerable increase in plan allocation by the Government in 2005-06 for different sectors is:

Agriculture (62%)
Health (66%)
Rural Development (92%)
Social Services (46%)
Technical Education (200%)
Education (50%)

Rs.3,300 crore plan outlay for 2006-07 approved by the Planning Commission which is an increase of Rs.300 crore over the previous year.

Rapid industrialization has been recorded in the state over the last two decades. More than a thousand medium and large industries with a capital investment of Rs.200 billion have been established in the state. These include Maruti Udyog Limited, Escorts, Hero Honda, Alcatel, Sony India, Whirlpool India and Bharti Telecom. Gurgaon and Faridabad have seen emergence of an active information technology industry in the recent years. In addition there are more than 80,000 small-scale industries in the state which cumulatively bring in a substantial income for the state and its people. Haryana is among the top rankers in the nation in the production of cars, motorcycles, tractors, sanitary ware, gas stoves and scientific instruments.