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Data Point

August 21, 2023

GS Paper I GS Paper III Geography Indian Economy

Investment Plans 2022-23

According to RBI, the overall investment plans shot up by 79.50 per cent with a record capital outlay of Rs 352,624 crore, the highest since 2014-15.
Skewed Investment: Five states accounted for more than half of the total bank-assisted investment proposals made during the year 2022-23.
Uttar Pradesh accounted for the highest share of 16.2 per cent, followed by Gujarat (14 per cent), Odisha (11.8 per cent), Maharashtra (7.9 per cent) and Karnataka (7.3 per cent).

Rainfall Deficit in August 2023

India is experiencing its driest August in over 100 years since records began in 1901, mostly due to the El Nino weather pattern.
India is on course to receive an average of less than 7 inches of rainfall in August, the month’s normal average is 10 inches.
India received just 3.6 inches in the first 17 days of August, nearly 40% lower than normal.
The monsoon delivers nearly 70% of the rain India needs to water farms and refill reservoirs and aquifers.

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