Last Updated: August 24, 2015
Latest update: August, 2015
Last Updated: August, 2015
DELHI State Report | August, 2015
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.
Delhi is one of the fastest growing states of the country. At current prices, the gross state domestic product (GSDP) of Delhi was US$ 74.8 billion in 2014-15. Between 2004-05 and 2014-15, the GSDP of the state grew at a compound annual growth rate (CAGR) of 12.8 per cent. The state government expects to register growth of 11 per cent to 11.5 per cent by the end of 2017. At current prices, the Gross State Domestic Product (GSDP) of Delhi was US$ 74.8 billion in 2014-15.
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.
The Government of Delhi has been committed towards creating a progressive business environment. 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. Furthermore, policies have been made towards the development of the IT and transportation sectors.