Source: The post is based on the article “UP, Gujarat among top 5 states in new investments; Kerala, Assam at bottom” published in Indian Express on 20th August 2023.
What is the News?
According to a study by the Reserve Bank of India (RBI), five states accounted for more than half of the total bank-assisted investment proposals made during the year 2022-23.
What are the key findings of the RBI study?
Overall investment plans shot up by 79.50% with a capital outlay of around 3.5 lakh- the highest since 2014-15.
– Significantly, this rise in new investments has happened at a time when the RBI hiked the repo rate.
– Pick-up in investments is largely due to the capital expenditure plans of the government.
State wise distribution of investments: Five states accounted for more than half of the total bank-assisted investment proposals made during the year 2022-23
– These five states are- Uttar Pradesh, Gujarat, Odisha, Maharashtra, and Karnataka.
– On the other hand, Kerala, Goa and Assam were at the bottom of the table in getting the lowest number of new investments.
Sectors which received investment: The investment in green field (new) projects accounted for the largest share of 93.1% in the total cost of projects financed by banks and Financial institutions(FIs) during 2022-23.
– Infrastructure sector comprising power, telecom, ports and airports, storage and water management, special economic zone (SEZ), industrial, biotech and IT park, and roads & bridges, remained the major sector accounting for 60% share in the total cost of projects during 2022-23.
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