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AP witnesses fall in attracting Foreign Investments

According to the list of the states with the highest number of Foreign Direct Investments between October 2019-June 2022, released by the Indian government, Andhra Pradesh fell to 14th rank. This is around the same time when the government changed in Andhra Pradesh.

It is observed, Andhra Pradesh managed to get only 4056.89 crore worth FDIs, and so, Andhra Pradesh is ranked fourteenth, almost the last of all the progressive states in India. 

Better than AP, Telangana is placed in the seventh rank with 29,690.12 crores of FDIs. While the first four positions go to Maharashtra, Karnataka, Gujarat and Delhi. When coming to Andhra Pradesh, its FDI is only 0.34% of the total FDIs the country has got. 

Previously between 2014-19, AP had got FDIs worth 58,000 crores and is ranked in the top 5. As the Jagan government is focused only on freebies and is not bothered about bringing investments and industries to the state, this decline in foreign investments is expected.

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