Arunachal Pradesh beats Karnataka in Investment

Karnataka is a classic case of a state supposedly set on a trajectory of fast growth finding itself decelerating.According to RBI data for the fiscal 2012-13,Karnataka was placed a miserable 12th in terms of attracting investments,slipping from its second position the year before and fourth in 2010-11.It’s galling that a small state like Arunachal Pradesh,more in the news for Chinese incursions than for industrial enterprise,is two ranks ahead of Karnataka in the investment sweepstakes.Policy paralysis and political instability the state has witnessed in recent times are coming home to roost.It’s not a stretch to link lack of enablement of the government with the massive scams of our politicians have found themselves mired in recently.