Karnataka has registered 15.3 per cent growth in the project implementation during the last quarter of 2011-12 in the wake of the country witnessing a surge in the growth of investment projects at the stage of implementation This is the finding of an analysis by Associated Chambers of Commerce and Industry of India (ASSOCHAM), which was released to the media recently.
Uttarakhand (28.3 per cent), Bihar (22 per cent), Rajasthan (20.2 per cent), Jharkhand (15.5 per cent), Chhattisgarh (13.7 per cent), Gujarat (12.5 per cent), Madhya Pradesh (11.7 per cent), Andhra Pradesh (11 per cent) and Orissa (9.8 per cent) are states where the rate of growth of projects in the implementation stage has gradually declined during the last quarter of the fiscal year.
However, these states stayed above the all India growth rate of 8.1 per cent as per investment and growth patterns across 20 major Indian states carried out by ASSOCHAM.
Maharashtra has accounted for over 13 per cent of implementation of projects across India in Q4, followed by Andhra Pradesh (10.27 per cent), Gujarat (10 per cent), Orissa (9 per cent) and Karnataka (8.4 per cent), the ASSOCHAM said.
