"Investment is the key driver of productivity and sustainability that leads to development and growth making most state governments to strive to better the investment climate prevailing in their respective states to make them conducive to attract domestic and foreign investors," said D.S. Rawat, secretary general of ASSOCHAM while releasing the chamber's study.

With investments worth over Rs 84.5 lakh crore, private sector accounted for almost 55 per cent share in total investments attracted by major 21 states across India. While investments attracted from public sector grew at a compounded annual growth rate (CAGR) of just over 11 per cent, those from private sector grew at just about five per cent during the five year period of December 2009-December 2014.

Private sector accounted for highest share of over 81 per cent in the total outstanding investments attracted by Haryana. While in Gujarat private sector accounted for 74 per cent share in total investments attracted by the state as on December 2014.

Infrastructure sector accounted for lion's share of 64 per cent in terms of total investments made by public and private sectors (both foreign and domestic) across India followed by manufacturing (20 per cent), construction (9.5 per cent), mining (3.5 per cent) and irrigation (three per cent).

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