Just a few days before the assembly elections begin in Gujarat, a leading international bank has named the state as the most attractive investment destination in the country.
In a latest research paper on infrastructure investment scenario in India, Deutsche Bank said that Gujarat offers the best investment potential among all the states and union territories in the country, measured on socio-economic and infrastructure factors.
The election-bound state is followed by Maharashtra, whose capital Mumbai is the country's financial nerve centre, and Delhi, the "economically powerful political centre of the country," the German bank said.
Delhi's strong investment potential also seems to have a bearing on adjacent states Haryana and Uttar Pradesh, both of which rank among the ten best states, it added.
"It seems that economic development and geographical proximity belong together, possibly also as a result of connecting infrastructure links," Deutsche Bank said.
The fact that all the top ten states - Gujarat, Maharashtra, Delhi, Andhra Pradesh, Chhattisgarh, Madhya Pradesh, Uttar Pradesh, Karnataka, Haryana and Rajasthan -border each other vindicates the point, it noted.
The report titled "450 billion reasons to invest in India's infrastructure," prepared by its research arm Deutsche Bank Research, said that India's infrastructure has an enormous catch-up potential.

Source: IBEF
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  • Yes, Gujarat is coming up. Especially, if you buy agricultural land closer to cities -- coz, they're expanding. And, if (in next few years) your land comes under city limit, you've got it! ;)
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