In June 2014, Telangana was formed as the 29th state of the India with Hyderabad as the capital of the state. The state was formed as a result of the split of erstwhile Andhra Pradesh state. The state is land locked by (new) Andhra Pradesh to the south and east, Maharashtra and Karnataka to the west, and Odisha and Chhattisgarh to the north. At current prices, Telangana’s GSDP stood at Rs 8.67 trillion (US$ 126.81 billion) in 2018-19. Between 2011-12 and 2018-19, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 13.40 per cent (in Rupee terms) to Rs 8.67 trillion (US$ 126.81 billion) whereas the Net State Domestic Product (NSDP) expanded at a CAGR of 13.49 per cent to Rs 7.89 trillion (US$ 115.35 billion). The capital city of Hyderabad (also the capital for earlier larger Andhra Pradesh state) is a hub for information technology (IT) and pharmaceutical sectors. The exports stood at US$ 3.65 billion during April-September 2019. In 2019 (up to October 2019), 55 investment intentions with proposed investments worth Rs 2,853 crore (US$ 551.3 million) were filed in the state. According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflow (Including Andhra Pradesh, IEMs – Industrial Entrepreneur Memoranda, LOIs – Letters of Intent, DILs – Direct Industrial Licences) in Telangana from April 2000 to September 2019, totalled US$ 18.98 billion.