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Karnataka ranks 1st in IT investments: Assocham

Karnataka has received the highest IT investments in 2015-16, getting nearly 25% of the total 2.2 lakh crore investments in the sector. 
•    IT investments in the state grew from 14,337 crore in 2005-06 to 53,396 crore in 2015-16, at a CAGR of 14%. 
•    Gujarat ranked second with 35,300 crore investment in the sector, the report added.
•    Karnataka attracted Rs 53,396 crore investments in the IT sector last fiscal, a nearly 25 per cent of total Rs 2.2 lakh crore from both public and private sources across the country.
•    Clocking a Compounded Annual Growth Rate (CAGR) of over 14 per cent, IT investments in Karnataka had grown from Rs 14,337 crore in 2005-06 to Rs 53,396 crore in 2015-16.
•    Investments attracted by the IT sector in India increased from over Rs 46,200 crore in 2005-06 to over Rs 2.2 lakh crore in 2015-16, thereby clocking a CAGR of over 17 per cent during this period.
 

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