RBI Report Showcases AP as Investments Heaven

Andhra Pradesh, which has embarked upon building infrastructure to develop a new capital and other infrastructure requirements following bifurcation seem to be making significant strides in attracting investments. According to a Reserve Bank of India (RBI) report on ‘Private corporate investment’, AP alone has accounted for almost 16 percent of the total banks and financial institutions funded projects in 2015-16.

[m9ad]

AP is followed by Maharashtra, Gujarat and Tamil Nadu. These four states together accounted for more than 50 percent of the projects funded by banks and financial institutions (FIs) in 2015-16. There is a sharp rise in funding of infrastructure projects in the areas of power, road construction and water management across the country by banks and FIs.

The Business Friendly approach of the ruling government seems to be working in bringing the investments to the truncated state. This is achieved without the promised assistance of the central government and the state put up a better performance than the other developed states. This ratification coming from a report of RBI will increase the spirits of the government.