Andhra Pradesh gets more than double FDI in one year | Ranks third in the country
Recently, there was a lot of buzz about India beating China in terms of Foreign Direct Investment (FDI) in 2015. And not surprisingly, Andhra Pradesh ranks third among all the states in the country in terms of the foreign investment that the state attracted. Under Chandrababu Naidu’s rule, the state got $6.1 billion of foreign capital investments in 2015.
According to the survey -titled ‘FDI report – 2016 Global Investment Trends in the green field’ – conducted by the Foreign Direct Investment Intelligence Dot Com company; of London’s Financial Times, Andhra Pradesh has ranked third position; giving a tough competition to states like Gujarat and Maharashtra, which are in first and second ranks respectively in capital investment.
Despite various problems, like bifurcation and fiscal deficit, AP still managed to reach this position and emerging as India’s top destination for FDI inflows. In 2014, AP had achieved only $2.42 billions in capital investment, but now it suddenly increased to $6.10 billions; garnering a growth rate which is not possible for even a country. In 2013, the FDI was $1.95 billion and $1.99 billion in 2012. So it is on a steady rise!