Haryana, a state located in North India, is a prominent trade and consumption centre with Gurugram as its business capital. The state is one of India's largest automobile hubs and accounts for two thirds of passenger cars, 50 per cent of tractors and 60 per cent of motorcycles manufactured in the country. The state has also emerged as a base for the knowledge industry, including IT and biotechnology. Haryana is the third- largest exporter of software and one of the preferred destinations for IT/ITeS facilities.
The GDP of the state is split into 52% services, 30% industries and, 18% agriculture. The service sector, therefore, dominates the economy of the state with the highest concentration of BPO workforce in the world. The state offers a wide range of fiscal and policy incentives for businesses under the Industrial and Investment Policy, 2011. Haryana contributed near 3.63 per cent to India’s GDP in 2018-19.
The state’s GSDP (in Rs) grew at a CAGR of 12.89 per cent to Rs 7.85 trillion (US$ 112.31 billion) in 2019-20.
Haryana is a preferred destination for auto majors and auto-component manufacturers. The state is host to many large automotive players. Automobiles and auto component exports from Haryana were around US$ 1.39 billion in FY18 and have reached US$ 945.55 million between Apr-Dec 2018.
With a 100% rural electrification rate, Haryana’s energy sources comprise of Thermal (81%), Hydro (17%), Renewable Energy Sources (2%), and Nuclear (1%). 51.89 MW of renewable energy projects have been commissioned and 239.5 MW projects under execution as of 2016.
IT sector in Haryana contributes 9.4% to the state GDP and 54% of state's exports. Haryana is a world BPO hub, with 5% of worldwide and 13% of Indian BPO employees coming from Gurugram.
Haryana is the 4th largest producer of cotton in the country. Readymade garments worth approx. USD $1.3 bn are exported from Haryana annually. Around 1 million workers employed in the textile sector, with Panipat, known as the ‘city of weavers’ for its eminence in handloom products
Andhra Pradesh, the 10th most populated state in India, is home to about 4.1% of the country's total population. The state's population of 49.4 mn is equivalent to the population of Spain.
FDI equity inflows into India cross $500 billion milestone
FDI India Media Coverages
PM Modi's Keynote Address at US-India Strategic Partnership Forum
Policy Watch - 100?I by NRIs in Air India
PM Modi: 'India Fulfilling Its Demands Through Make In India - FDI India