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.
Delhi has a large skill base; 30 per cent of the workforce is qualified for occupations such as engineering, medicine, law, consultancy, etc. Among all the states, Delhi has the largest share of skilled workforce, making it suitable for knowledge-based economic activities, such as IT/ITeS, designing, R&D, financial services, etc. As Delhi is the country’s capital and has ample facility support, it attracts skilled and semi-skilled labour from across the country.
The Government of Delhi has been committed towards creating a progressive business environment. A range of fiscal and policy incentives are proposed under Industrial Policy for Delhi, 2010-21. Delhi has a well-developed social, physical and industrial infrastructure. The state has more than 100 per cent telecom penetration and also has high internet penetration.