With a Net Domestic Product of over US$ 7 billion, Haryana's economy is the
thirteenth largest in the country. Geographically one of the smallest states in
India, covering an area of 1.37 per cent, it enjoys a locational advantage being
situated in the National Capital Region (NCR), a prominent trade and consumption
centre.
In recent years, the areas of Haryana surrounding Delhi have seen a spurt in
economic activity with Gurgaon emerging as the principal suburban township of
Delhi. During 1994-2003, the Compounded Average Growth Rate (CAGR) of the
state's real NSDP was 6.5 per cent, increasing from US$4.3 billion to US$7.1
billion.
Note: The figures are at 1993-94 prices
Source: Haryana Statistical Abstract 2002-03
The state has witnessed tremendous growth in the services sector, which has
grown in its share from 31.3 per cent to 43 per cent of the GSDP in a period of
eight years. In recognition of the potential of the sector as a contributor to
economic growth, the State Government has decided to take steps for the co-ordinated
growth of the sector. The Department of Industries shall be converted into the
Department of Industries and Commerce. A separate wing in the department shall
be created to maintain statistics, provide support and facilitation to the
growth of the services sector.
Note: The figures are at 1993-94 prices
Source: Haryana Statistical Abstract 2002-03
During 1995-96 and 2002-03, while the industrial sector grew at 6.7 per cent
per annum, the growth rate of the services sector was 1 1.75 per cent,
indicating a maturing trend in the state's economy. Agriculture contributes 29
per cent to the GDP of the state.
The state's per capita income of US$ 592 is 27.8 per cent higher than the
national average of US$ 463. During the last decade, the state has made
significant progress in improving the social infrastructure. This is reflected
in the state's improving performance as measured by the Human Development Index-
ranked fifth in the country.
The state has a population of over 21 million (Census 2001), making it the
fifteenth largest state in terms of population. The population density is 476.8
persons per sq km.
