The August 2007 bulletin from the Reserve Bank of India puts the total value of investment proposals in corporate India for 2006-07 at Rs. 2,83,440 crores.( 1 crore being 10 million). This represents a huge increase of 116 % over the last year’s figure.
Gujarat has become the most preferred destination, moving up from no. 2 to no. 1 spot. It’s 86 projects total Rs. 73, 170 crores. Gujarat is miles ahead of the next few states. In second place is Andhra Pradesh ( 105 projects for Rs. 25,173 crores), followed by Maharashtra, earlier no. 1, Tamil Nadu and Karnataka ( Rs. 19,930 crores).
Gujarat and the 3 Southern States of Andhra Pradesh, Tamil Nadu and Karnataka account for over half the proposed investment as against 40 % in the previous year.