Puducherry, formerly known as Pondicherry, lies in the southern part of the Indian Peninsula. The economy of the union territory is mainly driven by agriculture and tourism with around 35% of the population relying on agriculture and allied activities.
Puducherry is a popular tourist spot and attracts both national and international tourists. The place is viewed as a spiritual destination and is home to a unique experimental city called Auroville. Once upon a time a French colony, Puducherry, today, has a prominent presence of French culture.
The degree of irrigation in the union territory is as high as 90% of the total land. Main crops grown in the area include rice, bajra, ragi, and pulses. Apart from these, cash crops grown include cotton, sugarcane, and groundnuts.
Located on the Coromandel Coast of Bay of Bengal, Puducherry has mineral deposits of clay, limestone, phosphate rocks, canker, lignite, and laterite amongst others. Key industries here include textile, leather, light engineering, electronics, tourism, metals, and food processing.
The Puducherry district is bound by the state of Tamil Nadu and is located about 135 km away from Chennai. The major rivers in the region are Gingee and Penniyar. Puducherry is the 29th most populous of the states and union territories in India and ranks 25th according to its Gross Domestic Product (GDP).
Andhra Pradesh, the 10th most populated state in India, is home to about 4.1% of the country's total population. The state's population of 49.4 mn is equivalent to the population of Spain.
Policy Watch - Review of FDI Policy - FDI India
India Received Highest-Ever FDI Of Over $64 Billion In 2018-19
Cabinet decisions: 100?I in contract manufacturing under automatic route
The Big Picture - Wooing FDI - FDI India
If India is prosperous and growth is high, FDI will come in: Abhijit Banerjee