- Uttar Pradesh has topped the list of states that attracted investment funds from banks and financial institutions leaving behind states like Maharashtra and Tamil Nadu.
- According to a report “Private Corporate Investment: Performance and Near Term Outlook” published in the Reserve Bank of India (RBI) August bulletin 2023 , the share of Uttar Pradesh went up from 1.1 % in 2013-14 to 16.2 % in 2022-23 .
- The report is based on the total cost of projects sanctioned by banks and financial institutions to the private sector for capital investment in various states during 2022-23.
- The top five states Uttar Pradesh, Gujarat, Odisha, Maharashtra and Karnataka, together account for 57.2 per cent share in total project cost during 2022-23.
- Uttar Pradesh accounted for the highest share (16.2 per cent) in the total cost of projects sanctioned by banks and financial institutions.
followed by
- Gujarat, 14%
- Odisha, 11.8%
- Maharashtra 7.9% and
- Karnataka 7.3%