write short note of banking development in haryana
Answers
Haryana is among the northern most states in India and adjacent to national capital Delhi. It is surrounded by Uttar Pradesh in the east, Punjab in the west, Himachal Pradesh in the north and Rajasthan in the south. The state surrounds the national capital city, New Delhi, from three sides. Historically an agrarian state, Haryana today is a well-developed industrial state.
The state is one of India's largest automobile hubs and accounts for two thirds of passenger cars, 50 per cent of tractors and 60 per cent of motorcycles manufactured in the country. The state has also emerged as a base for the knowledge industry, including IT and biotechnology. Haryana is the third- largest exporter of software and one of the preferred destinations for IT/ITeS facilities.
With an area covering 1.3 per cent of the country, Haryana contributed near 3.32 per cent to India’s GDP in 2018-19. Between FY12-19, the state’s GSDP (in Rs) grew at a CAGR of 12.16 per cent to Rs 7.07 trillion (US$ 98.01 billion) in 2018-19 (A). The state government of Haryana has been committed to creating a progressive business environment. The state offers a wide range of fiscal and policy incentives for businesses under the Industrial and Investment Policy, 2011. Haryana was ranked third best state in the country ease of doing business in the Business Reforms Action Plan 2017.
Banking development in haryana :
Today Haryana has become a developed state in economic, industrial and banking field. Haryana covered 1.3% of our country. This state has given 3.32 percent of GDP to India in between 2018 to 2019. GSDP of this state have increase by 12.16 percent to 7 trillion rupee in the year 2018-19. Government of Haryana has become committed to make a better business environment in the state. In recent year Government of Haryana has signed 10 memoranda with UK projects.