
Andhra Pradesh accounted for 25.3% of total proposed investments in India during the first nine months of FY26, according to a report by Bank of Baroda.
The state recorded the highest share among all states during the period, based on investment announcements tracked in the report.
Odisha ranked 2nd with a 13.1% share of proposed investments, followed by Maharashtra at 12.8%.
Telangana reported a 9.5% share, while Gujarat accounted for 7.1%. Together, the top 5 states represented around 68% of all investment intentions announced across the country.
The report noted that Andhra Pradesh, Odisha and Maharashtra together accounted for 51.2% of India’s total proposed capital investment during the period. This shows continued concentration of large investment announcements within a limited number of states.
Across India, total proposed investments during the first nine months of FY26 stood at ₹26.6 trillion.
This marked an increase of 11.5% compared with the same period in the previous financial year. The report stated that investment intentions showed signs of improvement during the current fiscal year.
According to the report, investment activity has been supported by government measures such as higher capital expenditure, reduced income tax rates and the introduction of GST 2.0.
It added that these measures have partly offset the impact of higher tariffs imposed by the US on Indian exports. A downward trend in interest rates was also cited as a factor supporting investment decisions.
The Andhra Pradesh government said proposed investments in the state covered sectors including manufacturing, renewable energy, electronics, data centres, mobility and core infrastructure.
Infrastructure-related spending included projects linked to ports, industrial corridors, logistics, energy and digital networks.
Among other states, Tamil Nadu attracted 4.9% of proposed investments, Rajasthan 4.3% and Chhattisgarh 3.9%. Madhya Pradesh accounted for 3.2%, while Uttar Pradesh recorded a 2.7% share during the same period.
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The Bank of Baroda report shows that proposed investments in FY26 to date remain concentrated in a few states, with Andhra Pradesh holding the largest share. Overall investment announcements increased year-on-year during the 1st 9 months of the fiscal.
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Published on: Jan 5, 2026, 12:49 PM IST

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