Gujarat misses top spot, Karnataka India's leading investment destination

Q.  During Jan-Sept 2017, which state emerged as the top investment destination in India?
- Published on 06 Nov 17

a. Gujarat
b. Karnataka
c. Kerala
d. Delhi

ANSWER: Karnataka
Gujarat misses top spot, Karnataka IndiaPoll-bound Gujarat, with 'investment intentions' worth INR 65,741 crore obtained during the period January-September this year, is behind the national topper Karnataka that bagged 'investment intentions' worth INR 147,625 crore in the period.

Karnataka, with investment intentions of INR 154,173 crore had last year (January-December) wrested the numero uno spot from Gujarat that got investment proposals of INR 56,156 crore.

In 2015, Gujarat was the state with the maximum 'investment intentions' in value terms with INR 64,733 crore, while Karnataka was only the fourth with INR 31,668 crore.

Other States leading in 'investment intentions' during January-September 2017 were Maharashtra (INR 25,018 crore), Andhra Pradesh (INR 24,031 crore), Jharkhand (INR 13,002 crore), Telangana (INR 12,567 crore) and Uttar Pradesh (INR 9,443).

India received investment proposals of INR 332,266 crore till September this year. In all of 2016, the country had received intentions worth INR 414,086 crore, while it received only INR 311,031 crore in 2015.

A state-wise assessment of implementation of the 340 reform recommendations in 2016 had seen Gujarat ranked third behind Andhra Pradesh and Telengana, while Karnataka was 13th in the list. The business reforms action plan in 2017 includes 405 reform recommendations, and the latest implementation scorecard shows Telengana topping the list, followed by Haryana and West Bengal, while Karnataka is eighth and Gujarat ninth.

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