Haryana’s economy is getting a big lift from the latest GST 2.0 reforms. These changes slash tax rates in key sectors like automobiles, textiles, fertilizers, steel, pharmaceuticals, and renewables. For a state like Haryana, where hundreds of thousands of workers rely on manufacturing and related industries, this means more jobs, lower costs, and stronger growth.
Take the bustling automobile clusters in Gurugram and Manesar. They form India’s auto hub, home to giants like Maruti Suzuki, Hero MotoCorp, Escorts, and Tata Motors. The GST cut on cars and parts—from 28% to 18%—makes vehicles cheaper for buyers, sparking higher sales at home. Suppliers and small factories benefit too, with better costs leading to more hiring. Haryana already ships auto goods to Africa, the Middle East, and Southeast Asia, and these reforms will make exports even more competitive.
In Panipat, the textile and carpet world lights up with the GST drop to 5%. Known as the “city of weavers,” Panipat leads in sustainable textile recycling and employs 800,000 to 1 million people across handloom and power loom sectors. Lower taxes on man-made fibers and yarn—from 18% to 5%—cut prices for consumers and boost global sales.
Farmers and dairy folks in Karnal see real gains. GST exemptions now cover paneer, curd, lassi, and UHT milk, while butter and ghee drop from 12% to 5%. This makes dairy products more affordable for families and steadies farmer incomes. Small agro-processing units in Sonipat, Karnal, and Panipat thrive as demand rises.
The steel and stainless-steel scene spans districts like Faridabad, Gurugram, Yamunanagar, Panipat, Karnal, Rewari, Rohtak, and Sonipat. Over 80,000 workers keep it running, feeding construction, manufacturing, and infrastructure needs, plus exports to Asia and the Middle East. The 28% to 18% GST cut eases raw material costs, sharpens edges against rivals, and speeds up projects.
Panipat’s fertilizer plants, run by outfits like National Fertilisers Ltd and Indian Oil’s refinery, get a 5% GST rate. Farmers pay less for inputs, boosting their profits and farm output. This could create fresh jobs as demand climbs.
Pharma hubs in Ambala, Karnal, and Sonipat employ more than 25,000 people, focusing on generic drugs for India’s healthcare market and exports to Africa and Latin America. The GST reductions help these medium-sized units keep costs down and stay competitive.
Renewable energy gets a green boost in Sonipat’s Industrial Corridor, now a hotspot for solar gear. GST falls from 18% to 5%, slashing production costs and drawing investments to support India’s clean energy push.
Even drones take flight with the reforms. India’s first big Drone Manufacturing Hub in Hisar district’s Sisai village will employ over 1,000 skilled workers for defense, farming, and surveillance. The GST cut to 5% on drones and parts makes them cheaper, fueling adoption and export potential across South Asia.
Finally, Yamuna Nagar’s paper and timber industry, which handles half of India’s plywood output, employs 20,000 workers. The GST drop from 12% to 5% lowers expenses, aids sustainability, and sustains livelihoods in this vital sector.
Overall, these GST reforms inject new energy into Haryana’s industries, from autos to green tech, promising broader economic wins for workers and businesses alike.
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