(Last Updated on : 06/12/2016)
Economy of Indian Union territories
is now enhancing for the rapid growth of tertiary and secondary sector industries in the regions like Andaman and Nicobar Islands
, Daman and Diu
, Dadra and Nagar Haveli
. Delhi is the national capital of India from the Mughal era.
India houses 29 states and 7 union territories. Each of the Indian state and union territory of India is blessed with several investment opportunities depending on their geographical location and availability of natural resources.
These opportunities are enhanced by the rapid technological advancements taking place in almost all states that enhance the ability to innovate and grow. Delhi, Chandigarh, Puducherry, Daman, Kavaratti
and Port Blair
are the economic base. There exists surfeit of diversified investment opportunities, which are taking progressive steps such as development of powerful infrastructure and formulating conducive and stable policies to boost the economic strength.
Port Blair is the headquarter of Andaman and Nicobar Islands. All major departments of UT Government and Central Government are functioning from Port Blair. Port Blair is connected with mainland India by both air and sea.
Chandigarh tops the list of Indian States and Union Territories by per capita income followed by Haryana and Delhi respectively in the country.
Silvassa has a large number of factories and industries providing significant government revenue. While on the other hand, Silvassa hosts more than 200,000 population, coming from Uttar Pradesh
, Madhya Pradesh
, Tamil Nadu
, Andhra Pradesh
, and Rajasthan
Daman holds the real estate business for its economic boosting. It is the downtown area that holds most of the important entities like major hospitals, supermarkets and major residential areas.
New Delhi is the largest commercial city in northern India. It is also the national capital of India. Connaught Place is located in the northern part of New Delhi. The adjoining areas such as Barakhamba Road, ITO are also major commercial centers. The government and quasi government sector was the primary employer in New Delhi.
Kavaratti is boosted by the tourism sector. The tourism is one of the primary industries on Lakshadweep, with the presence of luxury hotels and resorts. The island has pristine white sand beaches, favored by tourists for sun bathing.
Puducherry is economically advanced from the agriculture. The farming around Pondicherry includes rice
, and cotton