Haryana is rapidly emerging as one of India’s most trusted investment destinations and has set an ambitious target of becoming a $1 trillion economy by 2047, Governor Ashim Kumar Ghosh said on Friday while addressing the Haryana Vidhan Sabha on the first day of the Budget Session. Highlighting sweeping economic reforms, infrastructure expansion and inclusive development initiatives, he said the state government has replaced “red tape” with a welcoming “red carpet” to attract investors and accelerate growth.
The Governor said policy clarity, reform-driven governance and strong infrastructure have significantly boosted investor confidence, resulting in record investments, rising exports and increased employment. Haryana secured the ‘Top Achiever’ status with a score of 99.50 per cent in the Government of India’s Business Reforms Action Plan 2025 after implementing 400 major reforms, reflecting its commitment to ease of doing business.
He said Haryana has become a preferred hub for global and domestic investors, supported by its strategic location and expanding logistics ecosystem, particularly in the National Capital Region. The state’s export performance has also reached historic highs, with total exports touching ₹2.75 lakh crore in 2023–24 and merchandise exports rising to ₹1,61,707 crore in 2024–25, registering over 10.6 percent growth.
Major industrial investments are reinforcing this momentum. Maruti Suzuki has already begun production at its IMT Kharkhoda facility with an investment of ₹9,413 crore, while another ₹6,000 crore unit is scheduled to begin operations in April 2026. Similarly, the first phase of the world’s largest lithium-ion battery unit by ATL Battery Technology has commenced production at IMT Sohna with an investment of ₹3,000 crore.
Emphasising fiscal strength, the Governor said Haryana ranks first among Indian states in net State GST growth this financial year and contributes 3.8 percent to the national GDP despite accounting for just 1.34 percent of the country’s geographical area. The state’s economy is projected to grow at 9.5 percent in 2025–26, with per capita income rising to ₹3.95 lakh, reflecting improved living standards.
Presenting the long-term roadmap, he said the Haryana Vision Document-2047 aims to transform the state into a global industrial hub and a key driver of India’s development. The strategy focuses on sustainable industrialisation, carbon-negative growth, future-ready education, agricultural innovation and inclusive social welfare to ensure prosperity for every household.
Infrastructure development remains central to this transformation. The ₹11,607 crore Haryana Orbital Rail Corridor is expected to be a game-changer for industrial connectivity, while major road widening, metro expansion and air connectivity projects are underway. Hisar is emerging as a key aviation hub, and metro expansion, including the extension of the Delhi Metro’s Red Line to Kundli, will further boost regional connectivity.
Urban development has also received a major push. The government has approved the regularisation of 858 unauthorised colonies, benefiting lakhs of families with legal recognition and civic amenities. Affordable housing schemes have delivered thousands of plots and homes to low- and middle-income families, while digital platforms have made 82 urban services available online, improving transparency and efficiency.
Highlighting energy security, the Governor said investments of ₹4,818 crore since 2020 have strengthened the power network, reducing technical and commercial losses sharply. Solar energy expansion is progressing rapidly, with rooftop solar installed in over 55,000 homes and a target to equip all government buildings with solar power by 2027.
The Governor also underlined the government’s focus on women-led development, noting that over 1.06 lakh women have become financially independent as ‘Lakhpati Didis’. Self-help groups are driving rural entrepreneurship through dedicated markets and economic support schemes, while skill programmes such as Drone Didi are opening new employment opportunities.
In education and skill development, Haryana is investing in research, innovation and global-level training. New initiatives such as the Haryana State Research Fund, digital labs and skill programmes are preparing youth for future industries, while overseas employment opportunities are also expanding.
Rural development remains a priority, with broadband connectivity reaching most gram panchayats and clean drinking water ensured in thousands of villages. New roads, digital infrastructure and employment schemes are improving living standards and strengthening the rural economy.
The Governor stressed that the government’s focus on inclusive governance, economic reforms and infrastructure development is driving Haryana’s rapid transformation. With strong growth, rising investments and a clear long-term vision, he said Haryana is well-positioned to play a leading role in India’s journey towards becoming a developed nation by 2047.