India’s GDP growth has surged to 6.9% in 2024, cementing its position as the world’s fastest-growing major economy with a $3.6 trillion GDP. Yet, the true pulse of economic expansion beats at the district level—where businesses, policymakers, and investors must focus to unlock real opportunities.
The Consumption Propensity Index (CPI) is a cutting-edge analytical tool that dissects India’s markets beyond states, identifying high-growth, high-potential districts. By assessing 15 key indicators, including urbanization, affluence, financial inclusion, infrastructure, and mobility, CPI offers a granular view of consumption dynamics, ensuring businesses make data-backed decisions for market expansion. In this ready reckoner, we explore Haryana, a key economic hub, and Jhajjar, one of its fastest-growing districts, to demonstrate CPI’s ability to identify emerging consumption hotspots.
Haryana: Powering India’s Economic Engine
Strategically positioned as India’s industrial and agricultural stronghold, Haryana is a key player in India’s growth narrative. With an estimated ₹10.95 lakh crore GSDP (2023-24) and 11% YoY growth, Haryana boasts a booming services sector (51% of GSDP), robust industrial infrastructure (33%) and a thriving agriculture sector (16%).
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