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Economy of Haryana relies on manufacturing, retailing and information outsourcing. In 2006-07 Haryana received a foreign direct investment projects of over Rs 11,000 crore in the state and corporate sector and had a fiscal deficit of 0.6 per cent in financial year 2006-07 Haryana also toped the list in terms of per capita investment in the fiscal year 2007 with an investment of Rs 1,86,045 crore. Haryana is also considered one of the most industrilised states in India with many SEZs. New plans for Sezs are of Reliance Industries which has plans to set up amulti-product special economic zone in Haryana. At an investment of Rs 40,000 crore, the project will be India's largest SEZ spread over 25,000 acres.

The state has a developed banking system with over 4500 bank branches. The two financial hubs of Haryana, Gurgaon and Faridabad lie on the south west of the state.The contribution of primary, secondary and tertiary sectors for the Gross State Domestic Product (GSDP) in 2007-08 is Rs. 21,265.92 crore, Rs. 30,919.95 crore and Rs.49,133.55 crore respectively. Over 3% of the S&P CNX 500 conglomerates have corporate offices in Haryana.


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, Panipat, Faridabad and Bahadurgarh. As a result, Haryana's share in national production is 50% of passenger cars, 50% of motorcycles, 30% of refrigerators, 25% of tractors, bicycles and sanitary wares, and 20% of the country's export of scientific instruments. These include Honda Motorcycle & Scooter India Pvt. Ltd., 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.

Faridabad is another big industrial part of Haryana. It is home to hundreds of large scale companies like Orient fans (C.K.Birla Group), JCB India Limited, Nirigemes, Agri Machinery Group (Escorts Limited), India Yamaha Motor Pvt. Ltd., Whirlpool, ABB, Goodyear Tyres, Knorr Bremse India Pvt. Ltd. There are thousands of medium and small scale units as well, like Amrit Enterprises, McAma Industries.

Panipat is a city of textiles and carpets. It is the biggest centre for cheap blankets and carpets in India and has a handloom weaving industry. The pickle "Pachranga International" is also well known. Panipat also has heavy industry, with a refinery of the Indian Oil Corporation, a National Thermal Power Corporation power plant and a National Fertilizers Limited plant.

Hissar ia another big city where Jindal company has established. Jindal steel now increasing there business and open new factory in other state also.

Service industries

Gurgaon is considered the best city for setting up a software or BPO centre in India. This is according to a research on Offshore Competitiveness conducted by neoIT, an offshoring consultancy. Gurgaon, has seen emergence of an active information technology industry in the recent years. With organisations like Tata Consultancy Services, IBM, NIIT, Hewitt Associates, Dell, Convergys and United Healthcare setting up back offices or contact centers in Gurgaon. Haryana now ranks 3rd among states in software exports from India. Establishment of Nano City a joint venture between the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) and Nano Works Developers Private Ltd, a company promoted by Sabeer Bhatia, the much talked about creator of Hotmail will further boost the state position in this sector.




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