January 15 , 2014
Latest update: August, 2013
Last Updated: August, 2013
UTTARAKHAND State Report | August, 2013
Uttarakhand is located at the foothills of the Himalayan mountain ranges. The state shares borders with China (Tibet) in the north and Nepal in the east and inter-state boundaries with Himachal Pradesh in the west and northwest and Uttar Pradesh in the south.
The state is located at the foothills of the Himalayas. Presence of several hill stations, wildlife parks, pilgrimage places and trekking routes make Uttarakhand an attractive tourist destination. Domestic tourists received by the state increased at a compound annual growth rate (CAGR) of 9.6 per cent to 25.9 million during 2001-11. Foreign tourists received by the state increased at a CAGR of 8.5% to 0.12 million during 2001-11.
Uttarakhand witnessed massive growth in capital investments due to a conducive industrial policy and generous tax benefits. Therefore, Uttarakhand is one of the fastest growing states in India. The state’s gross state domestic product (GSDP) increased at a CAGR of 20.8 per cent during 2005-12, trailing only Sikkim’s 25.2 per cent growth in 2005-12 and outpacing the 15.9 per cent growth witnessed by all states combined.
The state offers a wide range of benefits in terms of interest incentives, financial assistance, subsidies and concessions. Uttarakhand has a robust social and industrial infrastructure, virtual connectivity, over 36,600 km of road network, two domestic airports, 345 km of rail routes and an installed power capacity of 2,556.5 megawatt (MW).