Rajasthan has emerged as the top state for attracting fresh project investments in Q3FY25, surpassing industrial powerhouses like Maharashtra and Gujarat, according to data from Projects Today, a firm tracking investments in India. The state secured ₹2,24,979 crore in investments across 363 projects, accounting for 19% of the national total of ₹11.46 lakh crore in the quarter.
A significant spike in investments can be attributed to contributions from the power and roadways sectors. Rajasthan attracted 67 new power projects—including solar, wind, and hydel power—with investments totalling ₹1,33,606.5 crore.
Additionally, the state secured 83 road infrastructure projects worth ₹53,207.96 crore and 98 power distribution projects valued at ₹25,185.36 crore. These three sectors combined made up 94% of Rajasthan’s total new investments in the quarter.
Rajasthan had previously signed Memorandums of Understanding (MoUs) worth ₹35 lakh crore during the “Rising Rajasthan” investor summit. Among the pledges, the Adani Group committed ₹7.5 lakh crore towards renewable energy and green projects over the next five years.
Maharashtra, which led the rankings in Q2FY25 with ₹2,68,329.79 crore in investments across 513 projects, slipped to second place in Q3FY25. The state attracted ₹1,79,495.36 crore in fresh investments during the period, representing 16% of the total investments. The decline in rank was largely attributed to the state election process in November 2024.
Gujarat, which ranked second in Q2FY25, fell to third place in Q3, with investments declining to ₹1,34,440.25 crore from ₹1,49,357.74 crore in the previous quarter.
Andhra Pradesh saw a significant improvement, with its investments more than doubling to ₹92,907.15 crore, pushing its ranking to fourth from ninth in Q2. Karnataka, on the other hand, slipped to fifth position with ₹89,289.54 crore, down from ₹1,18,154.76 crore in Q2.
Haryana entered the top ten rankings in Q3FY25, securing the tenth spot with ₹25,794.03 crore across 80 projects. This pushed Tamil Nadu out of the top ten, as the state saw its fresh investments fall to ₹16,225.68 crore from ₹46,119.25 crore in Q2, a significant drop to one-third of the previous quarter’s level.
The total fresh investments in the Indian economy grew by 9.9% in Q3FY25, reaching ₹11.46 lakh crore, compared to ₹10.43 lakh crore in the previous quarter. The increase was primarily driven by central and state government investments, which saw a 23% quarter-on-quarter growth to ₹4.33 lakh crore. Private investments, however, grew at a more subdued rate of 3%, totalling ₹7.13 lakh crore in Q3FY25.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.
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Published on: Jan 22, 2025, 1:10 PM IST
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