Overview
Uttarakhand, with a GSDP of ₹2.43 lakh crore in 2023–24, recorded a growth rate of 10.2%. The state's per capita income stands at ₹2,06,600, showcasing its consistent economic growth. Known for its natural beauty, the state thrives in tourism, agriculture, and hydroelectric power generation. Dehradun, the capital, serves as the key administrative and educational hub, while the state's mountainous terrain offers significant potential for renewable energy projects.
Why Invest in Uttarakhand
- Tourism Industry: A major tourist destination for pilgrimage, adventure, and eco-tourism.
- Agricultural Strength: Known for its production of fruits like apples, and vegetables.
- Hydropower Potential: A hub for renewable energy, especially hydroelectric power projects.
- Government Support: Progressive industrial policies offering incentives for businesses in manufacturing, tourism, and renewable energy.
Incentives & Schemes
- Industrial Development Policy: Tax incentives and subsidies for setting up manufacturing units.
- Hydropower Projects: Government emphasis on the development of hydroelectric power generation
- Tourism Promotion: Special schemes for eco-tourism and infrastructure development in tourist regions.
Key Economic Data: Uttarakhand
| Category |
Details |
| Capital |
Dehradun |
| GSDP (2023–24) |
₹2.43 lakh crore |
| Growth Rate |
10.2% |
| Per Capita Income |
₹2,06,600 |
| Top Sectors |
Tourism, Agriculture, Hydropower |
| FDI Share in India |
1.2% |
| Top FDI Sources |
UAE, Germany |
| Cumulative FDI (FY2024) |
₹900 crore (Q1) |
| Policy Impact |
Focus on industrial development and clean energy |
| Recent FDI |
₹150 crore (2020–21) |
Latest Insights
- Uttarakhand attracted ₹900 crore in cumulative FDI by Q1 FY2024.
- The state continues to benefit from its tourism and agricultural sectors, with growing investments in hydro power.
- Government policies are creating a conducive environment for industrial growth, particularly in renewable energy.
