Latest update: December, 2019
Last Updated: December, 2019
UTTARAKHAND State Report | December, 2019
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.
It has almost all agro-geo climatic zones, which provide commercial opportunities for floriculture and horticulture. The state is home to more than 175 species of rare medicinal, aromatic & herbal plants.
The state has close proximity to the national capital Delhi, a leading market of the country and excellent connectivity with neighbouring states. Uttarakhand has abundant natural resources due to hills and forests. Its agro-climatic conditions support horticulture-based industries. The vast water resources available in the state are also favourable for hydropower.
The presence of several hill stations, wildlife parks, pilgrimage places and trekking routes make Uttarakhand an attractive tourist destination. In 2017, domestic tourist arrivals in the state were 34.36 million and foreign tourist arrivals had crossed over 0.13 million.
Uttarakhand is one of the fastest growing states in India, thanks to the massive growth in capital investments arising from conducive industrial policy and generous tax benefits. Between 2011-12 and 2018-19, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 10.85 per cent to Rs 2.37 trillion (US$ 32.87 billion) whereas the Net State Domestic Product (NSDP) expanded at a CAGR of 11.06 per cent to Rs 2.12 trillion (US$ 29.44 billion).
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 with over 39,000 km of road network, two domestic airports, 345.23 km of rail routes.
As of November 2019, the state had total installed power generation capacity of 3487.97 MW. As of April to October 2019, energy requirement in the state reached 8,984 million units.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative FDI inflows, during April 2000 to June 2019, stood at around US$ 698 million. In 2019 (as of October), 42 Industrial Entrepreneurs Memorandums (IEMs) worth Rs 1,912 crore (US$ 273.57 million) have been filed in Uttarakhand.
Total exports from the state stood at US$ 2.35 billion during 2018-19 and reached US$ 1.44 billion during April-September 2019.
Last Updated: June 25, 2019