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Investment grows 39% despite decline in 12 states

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  • Karnataka is the top investment destination this season, replacing Gujarat, adding around Rs 51,000 crore in investments in the first quarter of this year.

    This is a 22-fold jump over the same quarter in the previous year, when it was ranked number 15 with investments of less than Rs 2,500 crore. Kerala is on a high too, rising 3,476 per cent, drawing Rs 9,142 crore more. But the investment miracle of this quarter is Bihar, which saw a growth of 147 per cent. On the other side, Haryana seems to be down with investment flu, experiencing the highest decline for any state. With a fall of 99.7 per cent, new investments slipped to Rs 25 crore from Rs 9,579 crore. Overall investment figures for the country though look cheerful, growing by 39 per cent to Rs 2.5 lakh crore from Rs 1.8 lakh crore, despite 12 states reporting a decline in investment.

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