Friday April 20, 2018
Home India Investment de...

Investment declined in Jharkhand: Assocham

0
//
42
Republish
Reprint

 

Ranchi: Investors’ confidence in Jharkhand has been shaken over the years, according to a study released by Associated Chambers of Commerce and Industry of India (Assocham) on Saturday.

The study said: “As of 2014-15 Jharkhand attracted total outstanding investments worth Rs.6.4 lakh crore with manufacturing sector garnering lion’s share of about 52 percent followed by electricity (37 percent) and mining (six percent).”

“New investments attracted by Jharkhand each year have declined sharply from over Rs.1 lakh crore in 2005-06 to Rs.33,000 crore in 2014-15.”

Besides, the state’s share in new investments attracted by various sectors across India has declined from about 15 percent in 2005-06 to just three percent in 2014-15, said the study ‘Delay in investment implementation in Jharkhand: An analysis’.

“Besides, Jharkhand’s contribution to India’s GDP during the period 2004-05 to 2013-14 has also dropped from two percent in 2004-05 to 1.9 percent in 2013-14 thereby showcasing the sluggish economic growth in the state,” said the study prepared by the Assocham Economic Research Bureau.

“Delay in land acquisition, lack of clearances (both environment and non-environment), fund constraints, poor promoter interest, unfavourable market conditions, dearth of skilled labour, poor supply of fuel/feedstock/raw material, law and order problems are certain key factors that have resulted in serious cost overruns,” said Assocham secretary D.S. Rawat.

Mineral-rich Jharkhand is grappling with a depressing state of industrial growth evidently as the state ranked has on the last rung amid top 20 states across India with a meagre 1.2 percent compounded annual growth rate registered by the state in this sector during 2004-05 and 2013-14, the study added.

(IANS)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

Demanding Targets Make Employees Sleep Less Than 6 Hours : Assocham

"Depression, fatigue, and sleeping disorder are conditions or risks that are often associated with chronic diseases and have the largest impact on productivity."

0
//
27
Employees

Nearly 56 percent of corporate employees in India sleep less than six hours a day due to high-stress levels that arise out of tough targets set by their employers, an Assocham Healthcare Committee report said here on Monday.

“Setting of unreasonable and unrealistic targets causes lack of sleep, has wide-ranging effects including daytime fatigue, physical discomfort, psychological stress, performance deterioration, and low pain threshold and even increase absenteeism,” the report said.

Findings of the report pointed out that sleep deprivation costs $150 billion a year due to higher stress and reduced workplace productivity. The work performance pressure, peer pressure, difficult boss — all of this is taking a toll on the physical and mental health of people, it said.

employees
About 46 percent of the Indian workforce suffer from some form of stress, according to the survey. Pexels

ALSO READ: Flipkart announces Rs 50,000 allowance for employees to adopt kids

The stress could be related to personal issues, office politics, or performance target issues, it added.

“There is a rising case of metabolic syndrome that includes, diabetes, high uric acid, high blood pressure, obesity, and high cholesterol (in India),” the report said.

About 16 percent of the sample population of the survey claims that they suffer from obesity. Depression was witnessed among 11 percent of the respondents, it said.

ALSO READ: Are Indian Techies safe abroad?

Employees
People suffering from high blood pressure and diabetes comprised of 9 percent and 8 percent of the sample population respectively, as per the report. Pixabay

Spondylosis (5.5 percent), heart disease (4 percent), cervical (3 percent), asthma (2.5 percent), slip disk (2 percent), and arthritis (1 percent) are other common diseases among corporate employees, it said.

“Depression, fatigue, and sleeping disorder are conditions or risks that are often associated with chronic diseases and have the largest impact on productivity.” (IANS)

Next Story