Himachal Pradesh (literally; "Snow-laden Province") is a state of India located in Northern India. It is bordered by Jammu and Kashmir on the north, Punjab and Chandigarh on the west, Haryana on the south-west, Uttarakhand on the south-east and by the Tibet Autonomous Region on the east. The name was coined from Sanskrit him 'snow' and anchal 'lap', by Acharya Diwakar Datt Sharma, one of the state's most eminent Sanskrit scholars. It is famous for its natural beauty, hill stations, and temples. It has been ranked fifteenth in the list of the highest per capita incomes of Indian states and union territories for year 2013-14. Many perennial rivers flow in the state, and numerous hydroelectric projects set up. Himachal produces surplus hydroelectricity and sells it to other states such as Delhi, Punjab, and Rajasthan. Hydroelectric power projects, tourism, and agriculture form important parts of the state's economy.