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Andhra Pradesh ranked 13th in terms of receiving FDIs
By: Tupaki Desk | 3 Sep 2021 5:27 AM GMT
The Central government department, the Department for Promotion of Industry and Internal Trade that works under the Ministry of Commerce and Industry had compiled a report on the investments attracted by the states between October 2019 to June 2021.
As per the report, Andhra Pradesh was ranked at the 13th position in terms of Foreign Direct Investments (FDI). The state has managed to receive 2577.1 Crore FDI flow in the two years. The amount translates to 354.61 million in the US currency.
Besides the FDI amount, Andhra Pradesh had also recorded less percentage in terms of the inflows with a mere 0.35 percent. Karnataka, Tamil Nadu, and Telangana have recorded better numbers in the inflow level as well.
Looking at the other Southern states, the neighboring states have fared well when it comes to attracting the flow of the Foreign Direct Investments (FDI). The brother state of Andhra Pradesh, Telangana stood at the eighth position with its 17,709.15 Crore of FDI.
The Bharatiya Janata Party(BJP) ruled Karnataka had attracted close to 1.5 lakh crore with 1,49,715.38 Crore Foreign Direct Investments (FDI) in the same period and stood at the third place. Tamil Nadu was ranked fifth in the list with an FDI of 30,078.87 Crore Rupees.
Looking at the overall list, Maharashtra tops the list in the FDI with 2,01,947,91 crore. Given the fact that the financial capital of the country Mumbai is in Maharashtra, there is no surprise in the Maratha land reaching the top slot in the FDI chart. The state also recorded the highest percentage of inflows with 27.24 percent.
Two BJP ruled states, Gujarat and Karnataka stood at the second and third places in the list with FDI numbers of 1,87,470.02 and 1,49,715,38 crore respectively. The national capital Delhi had received an FDI of 83,324.32 crores and was ranked fourth on the list.
Tamil Nadu(30,078.87 Cr), Haryana(20,337.71 Cr), Jharkhand(19,200.99 Cr), Telangana(17,709.15 Cr), Punjab(5,543.52 Cr), West Bengal(5,526.78 Cr) stood at the top ten positions.
The Covid had impacted the FDI amounts in almost all the states. However, a few states are in a better position in the list despite the Covid impact as the states have attracted a good amount of investments before the pandmeic hit.
As per the report, Andhra Pradesh was ranked at the 13th position in terms of Foreign Direct Investments (FDI). The state has managed to receive 2577.1 Crore FDI flow in the two years. The amount translates to 354.61 million in the US currency.
Besides the FDI amount, Andhra Pradesh had also recorded less percentage in terms of the inflows with a mere 0.35 percent. Karnataka, Tamil Nadu, and Telangana have recorded better numbers in the inflow level as well.
Looking at the other Southern states, the neighboring states have fared well when it comes to attracting the flow of the Foreign Direct Investments (FDI). The brother state of Andhra Pradesh, Telangana stood at the eighth position with its 17,709.15 Crore of FDI.
The Bharatiya Janata Party(BJP) ruled Karnataka had attracted close to 1.5 lakh crore with 1,49,715.38 Crore Foreign Direct Investments (FDI) in the same period and stood at the third place. Tamil Nadu was ranked fifth in the list with an FDI of 30,078.87 Crore Rupees.
Looking at the overall list, Maharashtra tops the list in the FDI with 2,01,947,91 crore. Given the fact that the financial capital of the country Mumbai is in Maharashtra, there is no surprise in the Maratha land reaching the top slot in the FDI chart. The state also recorded the highest percentage of inflows with 27.24 percent.
Two BJP ruled states, Gujarat and Karnataka stood at the second and third places in the list with FDI numbers of 1,87,470.02 and 1,49,715,38 crore respectively. The national capital Delhi had received an FDI of 83,324.32 crores and was ranked fourth on the list.
Tamil Nadu(30,078.87 Cr), Haryana(20,337.71 Cr), Jharkhand(19,200.99 Cr), Telangana(17,709.15 Cr), Punjab(5,543.52 Cr), West Bengal(5,526.78 Cr) stood at the top ten positions.
The Covid had impacted the FDI amounts in almost all the states. However, a few states are in a better position in the list despite the Covid impact as the states have attracted a good amount of investments before the pandmeic hit.
