As per latest report from Telangana sources it was stated that Telangana state has surpassed all southern states and outperformed the national average in attracting investments, according to a report released by the Associated Chamber of Commerce and Industry (Assocham) on Thursday.
According to sources the report titled ‘Telangana Analysis of economic growth and investment performance’ said that the phenomenal growth was due to the “investor friendly policies” of the state government, the report said. Earlier in 2011-12, the region attracted investments worth Rs.3.30 lakh crore from domestic and foreign sources, which went up to Rs.5.90 lakh crore by 2016-17’.
Recently Assocham national general secretary DS
Rawat and senior managing committee member Babu Lal Jain released the summary
of the study on Thursday. Accordingly as per the study “TS economy grew from
2.7% in FY12 to 8.5% in FY17 while the all-India average growth increased from
5.4 percent to 6.6%”. Furthermore 3.3% TS share of total
investments worth over Rs177 lakh crore attracted by top industrial states in
FY17. 68.5%TS investment growth rate over three years from FY15 against the
national average of 20.8% and 4%Telangana state share for gross value addition
(GVA) across India as of FY17.
