Invest In India

Empowring Your Business Growth

5th largest economy

5th Largest Economy

US$ 3.8 Trillion

(2024)

Economy Projection

Economy Projection

US$ 4.2 Trillion

(2025)

GDP Growth

GDP Growth

6.7%

(2025–2026)

Top States for Investment Opportunities

Qualitative Data Analysis

Maharashtra

Maharashtra known as the ‘Gateway of India’ is the second-most populous and third-largest state in the country. It occupies 9.4% of the total land area. The regional dominance is attributed to the established connection to the major markets, owing to the extensive network of three international airports, a road network covering over 303,000 km, and a rail network covering 6,165 km. The state is among the major freight destinations, covering 720 kilometers of coastline and 55 ports. The state reported $12,106 million of FDI inflow in 2023-24 (April- December) - the highest in the nation. The cumulative equity inflow (October 2019-December 2023) was $66,077 million. The state homes major corporate and financial institutions, including two stock exchanges (the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE)). The Bombay High Refinery is the biggest producer of crude oil (offshore) in India. The two major ports accounted for significant trade, with Jawaharlal Nehru Port handling 83.9 million MT of cargo, and Mumbai Port handling 63.6 million MT of products, in 2022-23. According to the economic report, 2022-2023, the state approved investment proposals of $42 billion, over the past three years- the highest in the country. The total exports for the state were valued at $67.2 billion, in FY2024. The state presents a total of 2293 opportunities, worth $ 293.0 billion. It marks 365 promoters. The highest opportunities are offered by the roads & highways sector, with Road Wing, and NHAI, among others, being the top promoters. Tourism is a major sector in Maharashtra, followed by textile and garments.

Qualitative Data Analysis
Quantitative Data Analysis

Karnataka

Karnataka ranks second in FDI inflow, reporting $3,656 million in 2023-24 (April-December). The cumulative equity inflow was $48,116 million, for October 2019-December 2023. The state contributes 5.2% of India’s total exports. It is recognized as the R&D hub of the country and home to 3500 businesses, 400 of which are Fortune 500 companies. About 65% of the country’s aerospace exports are owned by Karnataka. The state currently focuses on Greenfield ports and airstrips, presenting significant investment opportunities. The state has 906 opportunities, worth $140.5 billion. Most opportunities are presented in the roads & highways sectors, followed by water resources, and real estate, among others. The state has 179 promoters, with Road Wing, Ministry of Road Transport & Highways, Government of India, and Ministry of Housing & Urban Affairs, among others, on the top. At the World Economic Forum 2024, Karnataka signed an MOU amounting to $2.6 billion with four companies, including Microsoft and Web Werks, global industry heavyweights, leading to infrastructure construction, economic expansion, and technological innovation in the state. Furthermore, significant policy initiatives such as the IKF Board (Board of Invest Karnataka Forum), strategic investment committee, and nine vision groups targeting specific industries, in Karnataka, position the state as the prime destination for investors. The government is planning to expand the industrial sector’s contribution to the Gross State Value Added (GSVA) by 15%-16% in five years. The state has received annual investments of $9.5 billion for the same. The key contributing sectors include aerospace and defense, and automobile and auto components, among others.