Delhi is the capital of the Republic of India and also a state for administrative purposes. It is one of the largest metropolises in the country. Delhi shares its borders with the states of Uttar Pradesh and Haryana. It is the centre of international politics, trade, culture and literature in India.
With an economic growth rate of 9 per cent in 2012–13, Delhi is one of the fastest growing states of the country. The state government expects to register growth of 11 per cent to 11.5 per cent by the end of 2017.
Delhi has emerged as a key state with immense scope for development of the services industry, such as banks and financial services institutions (BFSI), IT and ITeS and consulting sectors, among others. Delhi has an attractive real estate market and is a preferred tourist destination.
Owing to its location, connectivity and rich cultural history, Delhi has always been a prime tourist attraction of the country. Delhi is a key arrival/departure point for both foreign and Indian nationals. By 2016, the state aims to increase annual tourist numbers by 12 per cent and double its foreign exchange earnings (FEE).
The Government of Delhi has been committed towards creating a progressive business environment. The state has set up a single window approval mechanism to facilitate entrepreneurs in obtaining clearance from various departments/agencies for the establishment of industrial enterprises in the National Capital Territory (NCT) of Delhi. The new Industrial Policy 2010–21 aims to provide a conducive environment for knowledge-based and hi-tech IT/ITeS industries in Delhi. Towards this end, two special economic zones (SEZs) have been created in the NCT of Delhi.