The RBI's latest bulletin released on September 10, 2013 rated the state of Tamil Nadu eighth from the bottom in investments.
Successive governments in Tamil Nadu may have made a pitch for investments but big money has not taken the bait because of the chronic power crisis. Tamil Nadu's share of investments for new projects has dropped to its lowest in a decade in 2012-13 - the state received just 1.8 per cent of investments in 2012-13 down from 5.7 per cent in 2011-12. (TOI Friday, September 13, 2013)
Any standard explanation for such a development in a developing state like Tamil Nadu?
No comments:
Post a Comment