UP And Rajasthan’s Share Increased In Industrial Projects

August 22, 2022 daknewsnetwork

UP and Rajasthan’s share increased in industrial projects; Investors’ interest also increased, what is the condition of other states.

Has the image of BIMARU states changed in the industry after the Corona period? It is too early to give a straight answer to this question, but after the Corona period, the share of some states of the country.

Once infamous as the BIMARU state has increased very rapidly in the industrial projects being taken up in the country. Particularly the share of Rajasthan and Uttar Pradesh.

There can be many reasons behind this, but from the figures that have come out, it is clear that in the year 2021-22.

The combined share of these two states in the total industrial projects to be taken up in the country is more than a quarter.

The share of other states which are included in BIMARU states like Bihar, Madhya Pradesh, and Jharkhand has also increased, but their performance in front of the above two states can be said to be weak.

This figure has been released by the RBI on the basis of the projects being set up by taking loans from banks and financial institutions in all the states in the country.

Let us inform that in view of the poor economic progress and record of social development, some economists have given the status of BIMARU state to Bihar, Madhya Pradesh, UP, and Rajasthan.

UP and Rajasthan’s share increased in industrial projects: This RBI data paints an interesting picture of the projects being undertaken in the country in the last 10 years.

Ten years ago most of the new industrial projects were being set up in Odisha (27 percent), Punjab (11 percent), and Maharashtra (10.7 percent), but now only Maharashtra is able to maintain its importance.

Talking about the present time, 55 percent of the total projects are going to the states like Rajasthan, Uttar Pradesh, Gujarat, Tamil Nadu, and Karnataka.

Odisha’s share has come down to just 2.1 percent.

Investors are liking Uttar Pradesh and Rajasthan more due to the construction of new highways, and rail routes, the vast improvement in the power situation, and sufficient land.