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Cover Story


Top R Destination By R.Chan T


he Hindu rate of growth of 3 to 4 % was what India of yore has been used to. In


the recent past, there has been a tectonic shift and India is growing over 7 % when some major econ- omies are tottering. And if we go by the optimism of ICICI Bank and Infosys Chairman, K.V.Kamath, the next 10 years will be a ‘game changer’ for India.


The growth drivers are many. The Finance Minister, Pranab Mukherjee in his budget speech mentioned how agriculture and services were driving the econo- my and industry had only slowed down the process. “There are numerous indicators to suggest that the economy is now turn- ing around. There are signs of recovery in coal, fertiliser, cement


6 GIREM 101


and electricity sectors. These are core sectors that have an impact on the entire economy. Indian manufacturing appears to be on the cusp of a revival.” The good news is that there is a healthy flow of investments, for- eign direct investment included.


Most Preferred Investment


Destination States The Associated Chambers of Com- merce and Industry (Assocham) in a study said 20 of the States had bagged a total live investment of Rs. 120.34 lakh crore during 2010 to 2011. The five top Indian states to garner 53.56 % of the invest- ment are (in order)- Gujarat, Maharashtra, Andhra Pradesh, Odisha and Karnataka. Electricity sector topped invest-


ment with 35.9 %, followed by manufacturing - 25.3 percent, ser- vices - 21.8 %, real estate - 11.8 %, irrigation - 3.1 % and mining - 2.1 % .


1) Gujarat Out of 16.28 lakh crore, 39.2 % was invested in electricity, 24.2 % in manufacturing, 16.2 % in ser- vices, 14.3 % in real estate, 5.2 % in irrigation and 0.9 % in mining.


2) Maharashtra Out of 14.14 lakh crore, 37.1 percent was invested in services, 31.7 percent in electricity, 18.7 percent in real estate, 11 percent in manufacturing, 1.1 percent in irrigation and 0.5 percent in mining.


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