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. The Gross State Domestic Product (GSDP) of Rajasthan expanded at a Compound Annual Growth Rate (CAGR) of 11.37 per cent (in Rupee terms) over 2011-12 to 2018-19. Total merchandise exports from Rajasthan were US$ 7.06 billion in FY19. Merchandise exports during FY20 (till Sept) reached US$ 3.32 billion. According to the Department of Industrial Policy and Promotion (DIPP), FDI inflows in Rajasthan between April 2000 and June 2019 stood at US$ 1.98 billion. During 2019 (as of October 19), 88 investment intentions were filed in the state with total investment of Rs 8,556 crore (US$ 1224.21 million). 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.