Haryana Chief Minister Nayab Singh Saini has highlighted the state’s impressive economic performance over the past decade, with the Gross Domestic Product (GDP) growing at an average annual rate of 10.8% and per capita income increasing by 9.1%. The announcement was made during the presentation of the state budget for the financial year 2025-26.
Key Economic Milestones
- GDP Growth: Haryana’s GDP has surged from ₹4.37 lakh crore in 2014-15 to an estimated ₹12.13 lakh crore in 2024-25, reflecting the state’s robust economic policies and industrial development.
- Per Capita Income: The per capita income has more than doubled, rising from ₹1,47,382 in 2014-15 to ₹3,53,182 in 2024-25, positioning Haryana among the top states in terms of individual economic prosperity.
Fiscal Discipline
The Chief Minister also emphasized the state’s commitment to fiscal responsibility. The revenue deficit, as a percentage of GDP, has decreased from 1.90% in 2014-15 to a projected 1.47% in 2024-25. Similarly, the fiscal deficit has been reduced from 2.88% to 2.68% during the same period, adhering to the Fiscal Responsibility and Budget Management (FRBM) Act.
Future Outlook
Haryana’s economic growth has been driven by its diversified economy, with significant contributions from agriculture, industry, and services sectors. The state government aims to sustain this momentum by focusing on infrastructure development, digital transformation, and social welfare initiatives.
The remarkable growth in GDP and per capita income underscores Haryana’s emergence as a leading economic powerhouse in India, setting a benchmark for other states to follow.
