NCAER-State Investment Potential Index or N-SIPI is an evidence-based index that combines published secondary data on key relevant parameters with an extensive industry survey conducted by NCAER across twenty states and the Union Territory of Delhi. It is uniquely poised to provide a single composite investment score designed to give a comprehensive measure of how the states of India are positioned to encourage and attract investment. N-SIPI has been built on five big pillars and comprises 51 sub-indicators. A unique component of N-SIPI is that it merges a perception based index (constructed using surveys) with fundamentals driving investment decisions to capture state level differences.