Latest update: December, 2018
Last Updated: December, 2018
RAJASTHAN State Report | December, 2018
Rajasthan, the largest (area-wise) state in India, is located in the north-western part of the subcontinent. It is surrounded on the north and north-east by Punjab, Haryana and Uttar Pradesh, on the east and south-east by Uttar Pradesh and Madhya Pradesh and on the south-west by Gujarat.
The state has an agricultural economy with nine agro-climatic zones and various types of soil that help during the cultivation of crops. It is among the largest mineral-producing states in India. Around 81 varieties of minerals are available in the state and 57 minerals are produced on a commercial scale in the state. It also contributes significantly to production of dimensional and decorative stones, such as marble, sandstone, and granite etc.
The state is one of the leading tourist destinations in India. Historic palaces, especially those in Jaipur and Udaipur, offer opportunities to expand the luxury tourism segment, with increasing number of tourists visiting wild life sanctuaries and desert locations.
The Gross State Domestic Product (GSDP) of Rajasthan expanded at a Compound Annual Growth Rate (CAGR) of 11.60 per cent (in Rupee terms) over 2011-12 to 2017-18. The state has attracted Foreign Direct Investment (FDI) equity inflows worth US$ 1.67 billion between April 2000 and June 2018, according to data released by Department of Industrial Policy and Promotion (DIPP).
The policy environment has been favourable for the establishment of industrial units. A single window clearance system (SWCS) for investment approvals is operational in the state and the Bureau of Investment Promotion (BIP) was set up to focus on investments above US$ 2.2 million. Rajasthan stands sixth among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.
Last Updated: November 26, 2018