Rajasthan is the largest state, by area, in India, is situated 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. Between 2011-12 and 2018-19, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 11.37 percent (in rupee terms) to USD 128.10 billion whereas the Net State Domestic Product (NSDP) expanded at a CAGR of 11.19 percent (in rupee terms) to USD 115.13 billion. The Gross State Domestic Product (GSDP) of Rajasthan expanded at a Compound Annual Growth Rate (CAGR) of 11.37 percent (in Rupee terms) over 2011-12 to 2018-19. The state has attracted Foreign Direct Investment (FDI) equity inflows worth USD 1.87 billion between April 2000 and December 2018, according to data released by Department of Industrial Policy and Promotion (DIPP). 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.