Kerala leads in growth rate in investment projects: Assocham

Thiruvananthapuram, June 20 (IANS) Kerala is the only state in the country which saw a surge in growth of investment projects during the implementation stage in the last quarter of 2011-12 fiscal as compared to the previous three quarters, a study has shown.

"With 27.8 percent year on year rate of growth in investment projects in the implementation stages, Kerala has emerged as the single state across India with a sterling performance," said the study conducted by the industry lobby Assocham.

Uttarakhand (28.3 percent), Bihar (22 percent), Rajasthan (20.2 percent), Jharkhand (15.5 percent), Karnataka (15.3 percent), Chhattisgarh (13.7 percent), Gujarat (12.5 percent), Madhya Pradesh (11.7 percent), Andhra Pradesh (11 percent) and Orissa (9.8 percent) are certain states where the rate of growth of projects in the implementation stage has gradually declined during Q1-Q4 of the last fiscal but has stayed above the all-India growth rate of investment projects in implementation stages in Q4.

"While the rate of growth of investment projects under implementation in Kerala has increased gradually during the course of the last fiscal, it has dipped in the rest of the states, including the pan-India growth rate," said D.S. Rawat, national secretary general of Associated Chambers of Commerce and Industry (Assocham), while releasing the findings.