India's economy is growing in tandem with the country's vast population. The growth in investment in the country is a major factor for this. Yes, bank investments are expanding in tandem with the number of retail investors in the country. Five states led the nation in Bank-Assisted Investment Proposals last year. According to Reserve Bank of India (RBI) data. Uttar Pradesh received the most investment in the previous fiscal year.
A total of Rs 352,624 crore was invested in the fiscal year 2022-23. This represents a 79.50% increase. This is the highest since the fiscal year 2014-15. In the previous fiscal year, the country's banks and financial institutions invested in 547 projects. Simultaneously, banks have invested in 401 projects in 2021-22. According to RBI data, the biggest investment was made in 2022-23, following 2014-15.
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