From Our Special Correspondent
Daijiworld Media Network - Bangalore

Bangalore, Jun 25: Karnataka has registered 15.3 percent growth in the project implementation during the last quarter of 2011-12.

With 27.8 percent rate of growth, Kerala has emerged as the single state in the country which has seen a surge in growth of investment projects in the stage of implementation during the last quarter of 2011-12 as compared to the previous three quarters.

This is the finding of an analysis by Associated Chambers of Commerce and Industry of India (ASSOCHAM), which was released to the media on Monday.

Uttarakhand (28.3 percent), Bihar (22 percent), Rajasthan (20.2 percent), Jharkhand (15.5 percent), Chhattisgarh (13.7 percent), Gujarat (12.5 percent), Madhya Pradesh (11.7 percent), Andhra Pradesh (11 percent) and Orissa (9.8 percent) are states where the rate of growth of projects in the implementation stage has gradually declined during the last quarter of the fiscal year.

However, these states stayed above the all India growth rate of 8.1 percent as per investment and growth patterns across 20 major Indian states carried out by ASSOCHAM.

The rate of growth of implementation of investment proposals in Kerala was about 9 percent in the first quarter of the last fiscal which marginally dipped to about 6.6 percent in the second quarter and rose exponentially to about 21 percent in the third quarter, the ASSOCHAM analysis said.

Haryana (2.1 percent), Punjab (0.13 percent), Uttar Pradesh (0.79 percent), Tamil Nadu (-2.55 percent), West Bengal (-12.59 percent) and Maharashtra (7.41 percent) are certain major states where the implementation growth rate of investment projects has declined significantly in the last quarter of 2011-12 and remained below the all India growth rate, it said.

Maharashtra has accounted for over 13 percent of implementation of projects across India in Q4, followed by Andhra Pradesh (10.27 percent), Gujarat (10 percent), Orissa (9 percent) and Karnataka (8.4 percent), the ASSOCHAM said.