Maharashtra has toppled Gujarat as the most sought after destination for global and domestic investors as the latter recorded least growth rate of just over two per cent amid top 21 states across India during the course of past five years, revealed a recently concluded study by apex industry body ASSOCHAM.

"Maharashtra, Gujarat and Odisha have emerged as most lucrative investment destinations as they together account for over one-fourth share (26.6 per cent) in the total outstanding investments worth over Rs 154 lakh crore attracted by various sectors from both public and private sources across major 21 states in India as on December 2014 which grew from Rs 105 lakh crore as on December 2009," noted the study titled ‘A Comparative Analysis of Investment Pattern in States,' conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

"With a share of about 10 per cent, Maharashtra has ranked on top attracting investments worth over Rs 15 lakh crore as on December 2014 closely followed by Gujarat (9.2 per cent share), while Odisha (7.5 per cent), Karnataka (6.8 per cent) and Tamil Nadu (6.5 per cent) are other states with significant share in this regard," highlighted the study prepared by the ASSOCHAM Economic Research Bureau (AERB).

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