A Project Report On

Macro Economic Analysis of Haryana

Chirag Shah

Under Guidance Of

Prof. Surta Mehta
(Visiting Faculty Member)


Xcellon Institute – School of Business Ahmedabad.
Year 2012-2013

Total Population : 25.3 Million Literacy Rate : 76.6 % . Km.Map : Capital : Chandigarh Area : 44.212 Sq.

India's largest automobile manufacturer. Capital : Chandigarh Chief Minister : Bhupinder Singh Hooda Population : Approx 3 Crore Current GDP : $ 56. Preserving their old religious and social traditions. The vast plains that stretch between river Indus and Gangetic belt have fertile soil and hence have improved the crop productivity of the country.120 bn GDP par capita : $ 2009 Largest City : Faridabad . the world's largest manufacturer of two-wheelers. surrounded by Punjab and Himachal Pradesh to the north and Rajasthan to the west and south. Haryanvis (people of Haryana) are simple. straight-forward. Two emerging cities . Its eastern border touches Uttaranchal & Uttar Pradesh which is defined by river Yamuna. The industrial revolution in the state can not be overlooked. forming the northern. and Hero Honda Limited. Above all.Profile of Haryana : Haryana is a landlocked state in northern India. A large area of the state is included in the National Capital Region (NCR).Gurgaon and Faridabad are close to Delhi and major hubs for IT and software industry. The state is famous for wheat and milk production. it is the hospitality of the people which attracts people from across the globe to explore the state with nosiness. enterprising and hardworking. It is one of the most agrarian states in India covered with greenery all around. western and southern borders of Delhi. The state also surrounds Delhi on three sides. they celebrate festivals in traditional fervor. It is also home to Maruti Udyog Limited.

GSDP Graph: Economy Growth Graph: .

The major Kharif crops of Haryana are rice. including Nokia Siemens Networks. IBM. Huawei. Ambala is one of the biggest exporters of education instruments in the country  Service Industries Gurgaon has seen emergence of an active information technology industry in the recent years. A number of large international companies have their Indian headquarters or branch offices and contact centers in Gurgaon. It is named 'Science City' of Haryana. jowar. sesame and groundnut. Its modern . Haryana has a livestock population of 98.97 lakh. and Tata Consultancy Services. ranks at number two in the country as against the national average of 232 grams  Roads.Economic Sectors :  Manufacturing Yamuna Nagar is the largest industrial town wholly within Haryana. steel. jit doodh dahi ka khaana. There are two main types of crops in Haryana: Rabi and Kharif. Bahadurgarh is an important developing industrial town with glass. General Electric. sugarcane.[25] Milk and milk products form an essential part of the local diet. tiles manufacturing and biscuits production. with 660 grams of availability of milk per capita per day. jute. an HPGCL thermal power plant. pulses.461 km and many state highways with total length of 2. bajra. Aviation & Infrastructure It has a total road length of 23. cotton. oilseeds.  Agriculture Haryana is primarily an agricultural state. About 70% of residents are engaged in agriculture Wheat and rice are the major crops. It is the biggest centre for cheap blankets and carpets in India Ambala is the largest manufacturer of scientific apparatuses. rice. which means "Best among all the countries in the world is Haryana. maize.494 km. The main crops of Haryana are wheat. There is the saying Desaan main des Haryana. It is also famous for its old steel and brass industries. Mitsubishi Electric. Haryana. Panipat is a city of textiles and carpets. Haryana is self-sufficient in food production and the second largest contributor to India's central pool of food grains. Dairy farming is also an essential part of the rural economy.684 kilometers. barley. millet etc. where the staple food is milk and yoghurt". cotton. BILT and Asia's largest sugar mill. The most remote parts of the state are linked with metaled roads. There are 29 national highways with total length of 1. a hydro power plant and India's largest railway workshop. maize. It has Asia's largest paper mill. Yamuna Nagar has Asia's largest timber industry. sugarcane.

It passes through the districts of Sonipat. It was the first State in the country to introduce luxury video coaches. The state government proposes to construct Express highways and freeways for speedier vehicular traffic. Kurukshetra and Ambala in north Haryana where it enters Delhi and subsequently the industrial town of Faridabad on its way. Delhi Metro Rail Corporation connects Gurgaon with Delhi and it will connect Faridabad and Bahadurgarh by 2014 and 2016 respectively Population Graph : . There is also a proposal to connect Chandigarh to Haryana without entering Punjab through a 4-lane highway via Yamuna Nagar and Panchkula. being right next to Delhi. The work on the project has already started and is scheduled to be completed by July 2013. diplomatic and commercial complexes are located in close proximity to the state. Jhajjar and Faridabad. The 135. Gurgaon.[30] Haryana is in close contact with the cosmopolitan world. commonly abbreviated to GT Road.15 million Kilometers per day.[29] Grand Trunk Road. Haryana and Delhi government has also constructed Delhi-Gurgaon Expressway which has the largest toll plaza in Asia and 3rd largest in the world. is one of South Asia's oldest and longest major roads. As a result. Panipat. international and domestic airports.bus fleet of 3.6-km long Kundli-Manesar-Palwal Expressway(KMP) will provide a high-speed link to northern Haryana with its southern districts such as Sonepat.864 buses covers a distance of 1. Karnal. There is a proposal for a Badarpur Flyover and the widening of the Mathura Road passing through Faridabad from 6 lanes to 8 lanes.

etc. passes through Haryana from Delhi to Ambala.95% in February on higher food costs.6% for the new fiscal year. passes through prestigious industrial estate Gurgaon. with four-laning in progress passing through Faridabad and linking vast areas to U. with four-laning half-way complete. The RBI has already cut banks’ reserve requirement by 125 basis points in two moves since late January. a survey showed last week.Economic Analysis of India :     The Indian economy expanded at 6.. four-laning already taken in hand. linking Punjab. National Highway No. Manufacturing sector expansion slowed for a third month in March as growth in new orders eased and costs for raw materials kept rising. The Reserve Bank of India is widely expected to cut repo rate – the main policy rate – by 25 basis points to 8. and J&K. India’s headline inflation edged up to 6.2. (Delhi-Mathura Road). H.P. The government expects a better showing in 2012-13 and has pegged groeth at 7.25% to spur growth when it reviews policy next Tuesday. .1. right up to Bombay. making more money available for lending.P.8 (Delhi-Jaipur Highway).    Major Industries:         Automobile & Auto Parts Industry Bicycles Industry Tractors Industry Machinery Industry Consumer Durable Industry Handloom & Handicrafts Industry Sanitary ware & Glassware Industry Scientific Instruments Industry Strength of the Haryana:  Roads National Highway No. Growth in the Indian services sector slipped to a five-month low in March as optimism about the business outlook in the coming year faded to its weakest level since 2009. Industrial Model Township Manesar. and Growth Centre Bawal and linking vast areas right upto Ahemdabad and Bombay.P. its slowest pace in last three years. M.9% in fiscal year 2011-12. National Highway No. a business survey showed.

08. commercial markets.40 LU was recorded on 25.The construction of 210 MW unit No. The state provides residential and corporate estates that are of world class standards. and communication network. It is India's largest producer of automobile spare parts.1999 compared to the highest figure of 452.05 LU supplied during 1998-99 on a single day on 09.1998. industrial estates.A record power supply of 518. The state has adopted policies that are investor friendly. The state has a very efficient administrative system which tries to make it easy for the investors to make investments in the state. railways. Power The total power availability to the state was 1269 Million Units during 1997-98 and 1341 Million Units. 6 at Panipat Thermal Power Station is in full swing and is expected to be completed by December 2000  Rail          Amritsar-Delhi Rewari-Ahamdabad Bhiwani-Rohtak-Delhi Ambala-Ferozepur Delhi-Ferozepur Kalka-Jodhpur Kalka-Hawrah Amritsar-Hawrah Delhi-Shimla Term Loans Merchant Banking Equipment Refinance Scheme Leasing National Equity Fund  Financial Service      Advantage of the Haryana Economy:  The state provides excellent infrastructure facilities such as well developed roads. The state provides abundant supply of skilled manpower. The average power availability has increased from 348 LU/day during 1997-98 to 367 LU/day during 1998-99. During 1998-99.       . The state provides a well developed system of banking with more than 4500 branches of banks.09. technical institutes.

.000 crore to be set up. The state has a stable political environment with single party State Government. Oilseeds. The state has been able to attract investment of Rs 59000 crores during the last about six years and another Rs 1 Lakh crore is in the pipeline. educated and skilled workforce Excellent transportation facility (roads. Secondary Sector 29. First in the country to achieve 100% electrification.7%. Millet etc. First in the country to provide safe drinking water facilities throughout the state. The state also has the distinction of producing the largest number of tractors in the country.500/-. As per the CMIE report of 2007. Other advantages of the Haryana :            Excellent law and order situation Responsive and supportive administrative set up Excellent law and order situation Simplified and transparent procedures for investment Hardworking. Wheat and rice are the major crops. Coton. moving 13 places from 14th position it had in the year 2002. 87. 2nd largest contributor of wheat to the national pool. Gram Barley. GDP growth rate of 9. Haryana is self-sufficient in food production and the second largest contributor to India's central pool of food grains. Primary Sector contributed 19. Corn.2% and Tertiary Sector 51. the world's largest manufacturer of two wheelers. The main crops of Haryana are Wheat. Haryana is at Second position in food grain production in the country.             It is home to Maruti Udyog Ltd. Ten SEZs already approved by Central Government. Rice. With strong economic indicators viz. First in the country to link all villages with all weather roads. Weaknesses of the Haryana Economy: . rail and airways) Reliable power and communication network Well developed industrial estates Good banking and financing services Home to modern technical and educational institutions Large manufacturing capabilities and market base Efficient and strong presence of private sector etc. India's largest automobile manufacturer and Hero Honda Ltd. Haryana achieved the top position of per capita investment at Rs 78. Haryana offers a number of opportunities for the investors to invest and grow. 3rd largest contributor of rice to the national pool. Sugarcane.1% to the State Gross Domestic Product.9% during 2009-10 and one of the highest per capita income. Special Economic Zones (SEZs) Act passed. 20 SEZs with an investment of Rs.

textiles. The number of vehicle registered is 5. footwear and chemicals. automobile parts.      The female literacy rate is 23% less than male literacy rate. The government of Haryana introduced plans of Rs. The urban population is 29% of the total population.55. Gurgaon has seen emergence of an active information technology industry in the recent years. telecommunication equipment. sports goods. The state is second largest contributor to India’s central pool of food grains. Haryana is the largest producer of the automotive components.003. consumer durables. software development. The government’s policy has been attracted to both domestic and international investors in various sectors of the economy like automotive. There is no any international airport in Haryana. there are 250 large & medium original equipment manufacturing units out of which 50 units are with Haryana. rubber products. hardware. Most Promising Sectors :        Haryana is 2nd rank in milk production in the country. The maternal mortality ratio of 2007-09. Haryana’s most promising sector is IT. In India.77. light engineering goods. pharmaceuticals. electrical goods. The sex ratio is 877 females per 1000 males. 50 crore for development. food items. Mainly Sectors :       Manufacturing Sector Power Sector Agricultural Sector Automobile Sector IT Sector Service Sector .894 while number of vehicles on road are 53. 153 death per lakh live birth.

(%) Exchange rate change. (days) Economic Sector Graph : . (%) Income. (%) Lending rate. (days) Enforcing contract. (%) Inflation. (GNI: Gross National Income) Starting business.Economic factors which affect the decision :              Growth in GDP. (%) Oil Production (bbl / day) Population Railways (km) Highways (km) Electricity Production (kwh / year) Unemployment rate.

org.economywatch.gov.Bibliography :            http://www.haryanainvest.htm http://www.in/scripts/images/IIECRE220812_30.org/general-information.mapsofindia.php http://www.haryanaonline.php http://haryanahighway.rbi.com/fdi-india/states/haryana-economy.in/investment_incentives/state_level_invest.haryanainvest.in/About/profile/index.ndtv.html http://profit.php http://pppinindia.in/investment_incentives/haryana.gov.html http://www.org/advantage-haryana.com/Haryana/agriculture.gif http://business.com/stateprofiles/haryana/economic-infrastructure.php .php http://business.com/state-economy-haryana.html http://business.com/news/corporates/article-india-s-economic-scenario-top-facts301761 http://www.