Gujarat sees highest share of private investment in 2016-17: RBI

Near-term outlook for new investment in economy to be positive

Gujarat accounted for the highest share in total cost of private corporate investment for financial year 2016-17, according to a study by the Reserve Bank of India (RBI).

Gujarat made up 22.7 per cent of the aggregate investment, followed by Maharashtra at 8.6 per cent, the study, part of the RBI’s monthly bulletin for September, said. Andhra Pradesh, which held the highest share at 12.3 per cent in FY16, saw its share drop to 8.2 per cent.

Data for the past five years showed 62 per cent of the projects were predominantly taken up in Gujarat, Odisha, Maharashtra, Andhra Pradesh, Chhattisgarh, Madhya