Delhi is the capital of the Republic of India and also a state for administrative purposes. It is one of the largest metropolis in the country. Delhi shares its border with the states of Uttar Pradesh and Haryana. Delhi is the epicentre of international politics, trade, culture and literature in India.
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, Consulting, etc. It is a prominent agri-trade centre of the country as well as a preferred tourist destination. Many of the global corporations have offices in the state. The State Government has been committed towards creating a progressive business environment.
Delhi has well developed social, physical and industrial infrastructure and virtual connectivity. It has an international airport and well developed rail and road infrastructure. There has been significant infrastructure and environmental development in Delhi over the last 20 years.
The per capita GSDP of the state increased at a compound annual growth rate (CAGR) of 14.4 per cent between 2004-05 and 2011-12. The State has received cumulative foreign direct investment (FDI) inflows worth US$ 32.2 billion (including investments in parts of Uttar Pradesh and Haryana) during April 2000 to January 2012, according to Department of Industrial Policy & Promotion (DIPP).
The state proposes a wide range of fiscal and policy incentives for businesses under the Industrial Policy for Delhi, 2010-2021. Additionally, the state has well drafted sector-specific policies.
Being the seat of the Central Government, Delhi has an important position in the country in terms of formulation of policies. It has also become an important centre for trade and commerce with a number of key industry associations being present. The state also hosts several trade conventions and fairs throughout the year.