Economy of Haryana


Economy

Manufacturing

Gurgaon is the main hub of Haryana's manufacturing and services industry.More than a thousand medium and large industries with a capital investment of Rs. 2000 billion or $ 40.4 billion have been established in the state in mainly Gurgaon, Panchkula, Faridabad and Bahadurgarh. These include Hindustan National Glass, Maruti Udyog Limited, Escorts, Hero Honda, Alcatel, Sony, Whirlpool India, Bharti Telecom, Liberty Shoes and Hindustan Machine Tools. 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, Haryana has a large production of cars, motorcycles, tractors, sanitary ware, glass container industry, gas stoves and scientific instruments.

Service Industry

Gurgaon, has seen emergence of an active information technology industry in the recent years. With organisations like IBM, Hewitt Associates, Dell, Convergys, United Healthcare and NIIT setting up back offices or contact centers in Gurgaon.

Agriculture

Despite recent industrial development, Haryana is primarily an agricultural state. About 70% of residents are engaged in agriculture. Wheat and rice are the major crops. Haryana is self-sufficient in food production and the second largest contributor to India's central pool of food grains. Other crops include sugarcane, cotton, maize, bajra, and oilseeds. About 86% of the area 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.

Dairy farming is also an essential part of the rural economy. Milk and milk products form an essential part of the local diet. There is the saying Desaan main des Haryana, jit doodh dahi ka khaana, which means "Among places is Haryana, where the staple food is milk and yoghurt". There is a vast network of milk societies that support the dairy industry. The National Dairy Research Institute 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. The Murrah breed of water buffalo from Haryana is world-famous for its milk production.