According to the CARE Ratings for the first half of financial year 2020-21, Tamil Nadu has emerged as the number one state in terms of roping in new investments, .
The state has accounted for 16% of the funds amounting to ₹20,000 crores coming into India.
While Andhra Pradesh garnered 11%, Maharashtra, Rajasthan and Karnataka have garnered 7% each, with the balance going to other states.
The CARE Rating reports said all-India investments for new projects have been falling the past five years during April–September, except for H1FY19, when they rose 29% year-on-year to ₹7.7 trillion from ₹6 trillion in H1FY18.
The fall in H1 FY21 was driven by an 81% decline in projects announced by the government. The new capex projects proposed by the government fell from ₹3.2 trillion in H1FY20 to ₹60,000 crore in H1 FY21. Similarly, investments proposed by the private sector fell by 45% YoY to Rs 90,000 crore in H1 FY21 in comparison with ₹1.6 trillion in the same period last year.
Source: Business Standard