Albeit being the youngest state in the country, Telangana managed to race forward to be the most significant southern state for business investments. In a recent report brought out by ASSOCHAM (Associative Chamber of Commerce and Industry), it stated that within its southern counterparts, Telangana raised to be the most suitable state. Interestingly, the state's economy outperformed national economic growth.
It said that this phenomenal growth is possible due to investor friendly policies of the Telangana State government. In 2011-12 Financial year, Rs 3.3 Lakh Crore worth investments have come to the State from abroad and within the country, it went up to Rs 5.9 Lakh Crore in the financial 2016-17. ASSOCHAM National General Secretary DS Rawat and Senior Managing Committee Member Babu Lal Jain issued a press release on the summary of the study conducted their organisation here on Thursday. In the five-year duration in the investments sector, the national average growth rate is 27 percent while it is 79 percent in the Telangana State, the press release stated.
In a presentation, Telangana tops it with 79% followed by AP- 50.8%, Kerala- 18.9%, Tamil Nadu- 11.2% and Karnataka- 0.2%. Over a fourth of investments Telangana attracted were in the irrigation sector (29%), followed by non-financial sector (25%0, electricity sector (18.5%), and manufacturing (11%). The overall analysis showed the immense economic growth and better infrastructure availability have encouraged private sector participation. This has resulted in this jump in investments. This is certainly a great achievement by the Telangana State Government. It surely shows the golden days of the state lying ahead in the future.
