The 29th youngest state in the country Telangana, has beaten southern peers by achieving highest growth rate of 79 per cent in attracting investments from both domestic and foreign sources across different sectors and surpassed all India growth during financial year 2012 and FY 2017, according to an analysis-cum-study conducted by Apex industry body ASSOCHAM. The manufacturing sector growth is declining in India despite efforts taking by the Government of India due to automation and this sector contributes about 55 per cent in the total industrial sector Gross Value Added (GVA) in Telangana , ASSOCHAM's National Secretary General D S Rawat told reporters after releasing a study report on " Telangana: Analysis of economic growth and investment performance" along with ASSOCHAM Senior managing Committee members Mr Babulal Jain here today. The state has beaten its southern peers by achieving the highest growth rate of 79 per cent in terms of attracting investments followed by AP (50.8 per cent), Kerala (18.9 per cent), Tamil Nadu (11.2 per cent) and Karnataka 0.2 per cent. This is as against an all-India average of 26.6 per cent growth, the report said. Mr Rawat said Telangana has also surpassed the National average growth rate of about 27 per cent in terms of attracting live investments during the five-year period under analysis. He said Telangana has attracted total outstanding investments worth Rs 5.9 lakh crore as of FY 2017, which rose from Rs 3.3 lakh crore worth of investments attracted by the region as of FY 2012." According to the study taken up by the Assocham Economic Research Bureau, Telangana accounted for 3.3 per cent share of total investments worth over Rs 177 lakh crore attracted by the top industrial states as of FY 2017. Over a fourth of investments Telangana attracted were in the irrigation sector (28 per cent), followed by non-financial sector (25 per cent), electricity sector (18.5 per cent) and manufacturing (11 per cent), he said. About 370 projects with investments worth about Rs 4 lakh crore of the total live investments attracted by Telangana are under different stages of implementation in the state, Mr Rawat said. The state has also registered significant improvement in this regard as the under-implementation rate of projects has declined from over 78 per cent in FY 16 to 66 per cent in FY 17 while Nationally it has remained constant at 54 per cent for past two years, he informed. Electricity sector has the major share of 85 per cent in all the projects under implementation in Telangana followed by non-financial services (76 per cent), mining (72.5%), irrigation ( 67.5%) and manufacturing (23%), Mr Rawat said. The Apex body suggested that the state government should also lay more focus on further developing the industrial sector which is also a major avenue for employment generation in Telangana. The state government also must design policies to lure private investors in sectors like bio-technology, solar energy tourism and others in order to generate more employment opportunities for state's youth population, the body also suggested in its study report.UNI KNR CS1900 -- (UNI) -- C-1-1-DL0275-1054435.Xml