Karnataka has emerged as the information technology (IT) hub of India. The state has a population of 68 million and the city of Bangalore is its capital. A significant rise in homeownership aspirations was supported by developer discounts and offers, government incentives like Maharashtra, Karnataka, Madhya Pradesh, and West Bengal's stamp duty reductions, and lenders' maintaining decadal-low interest rates. According to industry experts, Indias top cities like Gurugram, Bengaluru, Hyderabad and Pune are expected to see favourable housing demand. Its various industries comprises of manufacturing, technology, tourism, fashion, media, aerospace, oil, international trade and many other industries. To use individual functions (e.g., mark statistics as favourites, set It is also targeting to garner 50 per . With the current pace, India is much ahead of any income grouping. 70% of the global food supply comes from smallholder farmers and more than 50% of the Indian workforce is into agriculture and allied sectors that contribute to just 20% of Indias GDP. In overall exports, sectors such as petroleum products, iron & steel and organic chemicals were the key contributors. Qatar World Cup ambassador says homosexuality is damage in the mind, NEET PG 2022 Counselling: MCC extends mop up round registration deadline, 98 UAPA cases since 2005, 15 transferred to NIA, chargesheet filed in 40: Delhi Police to HC, Why the almond mom style of parenting is harmful for kids, Kim Kardashian honored at CFDA awards, calls for inclusivity, Time is fleeting: Man photographs daughter every week for 20 years. Toggle Menu. Infringements are subject to prosecution under the applicable laws. However, the economy seems to be rebounding as seen in the revenue collection figures for 2021-22, Karnataka Chief Minister Basavaraj Bommai said in his Budget speech Friday. To fund ventures working on sustainable agriculture, alternative energy. Fresh Investments are vital; whether it's green or blue doesnt matter. The two other key sectors contributing to the Karnataka economy, agriculture and industry, have been sluggish. West Bengal was founded in 1950, on January 26 and since the 1980s, it has been among the wealthiest states in India because of its profitable trading system. More than 21 lakh people are employed in the software industry with high-paying jobs centred mostly in Bengaluru city. In FY22 (until February 2022), the state's total exports stood at US$ 22.83 billion. All material, information, data, images or content on this website is
In the absence of any meaningful 'convergence', they will persistently pull the national average down. The last time Karnataka recorded a year-on-year GSDP growth in excess of 15 per cent was in 2016-17, when a growth of 15.5 per cent was reported. As a Premium user you get access to background information and details about the release of this statistic. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal. According to Toppr, it was reported that about 56% of Karnatakas workforce was formed by farmers and Agricultural laborers. 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Its capital is the city of Hyderabad. Rajasthan is a state located in the Northwest area of India. In June 2021, the Karnataka government amended the policy to offer more impetus to the electric mobility sector. GDP stands for Gross Domestic Product. Karnataka received more than $16 USD billion in FDI in the pandemic struck FY21 signifying the potential of its technology based growth engines, the economic survey reads. In addition, debt of Rs 14,179 crore will be repaid by the state in 2022-23. Export of electronics and computer software from the state reached US$ 81.4 billion in FY20 and US$ 38.8 billion in FY21 (until November 2020), respectively. The pandemic dampened the industrial growth more than the other sectors. As a Premium user you get access to the detailed source references and background information about this statistic. In plain English, in 2019-21, for nine out of the 11 variables chosen, Bihar fared worse than the corresponding all-India average. Contact One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros as of December 2021. Please create an employee account to be able to mark statistics as favorites. Karnataka Chief Minister Basavaraj Bommai with the state's Budget on Friday. Karnataka is located in the Southwestern area of India and was established on November 1, 1956. The policy intends to position Karnataka as a preferred renewables investment location and to build a sustainable and green energy-friendly economy. Through the ESDM Policy 2017-22, the Government of Karnataka plans to facilitate, promote and develop the ESDM sector in Karnataka and make the state a preferred destination for investment in this sector. GDP at factor cost of Karnataka in India from financial year 2012 to 2021 (in trillion Indian rupees) [Graph]. Karnataka's capital outlay for 2021-22 is estimated to be Rs 41,358 crore, which is annual increase of 8% over 2019-20. In December 2019, the New South Parallel Runway (NSPR) at Kempegowda International Airport became operational. If you are an admin, please authenticate by logging in again. In FY22 (until February 2022), the states total exports stood at US$ 22.83 billion. Karnataka currently contributes $100-110 billion to India's digital economy. Profit from the additional features of your individual account. Tamil Nadu is a state located in the Southern region of India. The country has been reporting a massive surge in the coronavirus infections led by Omicron, the new variant of the virus, which has risen to the highest level in the past 211 days to 1,94,720 new cases. While India is also lagging behind on SDG targets, it is still an outlier as far as performance on the 2030 targets is concerned. The state has sector specific Special Economic Zone (SEZs) for key industries such as IT, biotechnology, engineering, food processing and aerospace. Despite the effect of the Covid-19 pandemic being felt across the whole state economy the state has rallied, however, towards the end of FY21 and continues to do so through FY22, says the survey. As a result, in FY21, the industrial share has decreased to 19.4 per cent (gross state value added or GSVA from 21.3 per cent in FY20) while services remain at 66.3 per cent and agriculture jumped to 14.3 per cent (from 12.3 per cent in FY20). Maharashtra is however regarded as the economic capital of India. It is located in the eastern part of India and shares its borders with Bangladesh, Nepal and Bhutan. subject to copyright or other applicable intellectual property laws and no part of it can be
Telangana despite being the newest Indian State, is one of the wealthiest states in India. Watch, South African legend AB de Villiers plays street cricket in Mumbai with fans. Merchandise exports from Karnataka reached US$ 17.36 billion in 2018-19 and US$ 40.68 billion during the period April 2000 to June 2019. Values have been rounded. The economy of Gujarat is the fourth largest in India with GDP of 16.8 lakh crore, enabling it to be listed among the richest states in India. Maharashtra is richest state in India, having a GDP of 32.24 lakh crore which is equivalent to US$430 billion. Mumbai, one of largest cities in the world by population, is Maharashtra state capital. I look forward to welcoming and connecting with industry leaders, policymakers and other stakeholders at Invest Karnataka 2022 - Global Investors Meet. Deputy Chief Minister and the Minister for IT, BT and S&T, C N Ashwath Narayan said, "we will mould Karnataka from the present 52 billion dollar digital economy into a 300 billion dollar digital . This has led to demand for imposition of nationwide strict lockdowns to stem the spread of the virus - a move that the Modi government has so far avoided after the economic devastation last year from a similar strategy. The biggest contributor to the surge in GSDP has been the services sector the bulwark of the state economy with a 15 per cent growth in GSDP from Rs 10.40 lakh crore to Rs 12.06 lakh crore. The state of Kerala is an Indian state located in the southwestern coast of India and is one of the smallest Indian states by area. facts. Based on Indias Gross Domestic Product (GDP), the wealthiest states in India are; Maharashtra, Tamil Nadu, Uttar Pradesh, Gujarat, Karnataka, West Bengal, Rajasthan, Andhra Pradesh, Kerala, and Telangana. The Karnataka Digital Economy Mission (KDEM) aims for the State's contribution to India's digital economy to reach $300 billion by 2026 by enabling holistic growth of the tech sector IT, ITES, GCC's, EPM companies, and startups - in the State, said Sanjeev Gupta, CEO of KDEM. It is also one of the leading states in India known for producing leather & textiles, automobile investments, electronics manufacturing, energy investments, and tourism among others. Some of its other agricultural productions include; sugar cane, cotton, tobacco, peanut, and mango. Indias sugar production grew 5.6% YoY to 187.08 lac tons till January 2021, as per Indian Sugar Mills Association (ISMA). (Express Photo), Express Investigation Part 3: Textbook revision slashes portion in history on Islamic rulers of India, Big shortfall in hiring of ex-servicemen across govt depts, posts: Data, What West Seti power project can mean for India-Nepal ties, Will resign if proved wrong: Karnataka Congress leader Jarkiholi on his Hindu remarks, Greens see red over proposed road passing through ESZ of Bhimgad wildlife sanctuary, Karnataka cabinet expansion likely after Gujarat polls, hints CM, Subscribe Now: Get Express Premium to access the best Election reporting and analysis. Karnataka boasts of a diverse flora and fauna and a 320 kms natural coastline, which makes it a nature tourist's paradise. Show publisher information The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards. In May 2022, the Karnataka Government announced the new Karnataka Renewable Energy Policy for the 2022-27 period. We are encouraging new-age technologies, driving digital growth and transformation. The Centre had, in May last year, allowed states to raise 2% of their state GDP to tide over the challenges posed by Covid-19 pandemic, but tied half of these funds to states implementing critical citizen-focussed reforms, pegging the size at Rs 91,667 crore. As of March 2022, the state had an installed power generation capacity of 30,577.59 MW. Chart. India is a country located in the Southern region of Asia and its capital is New Delhi. karnataka/karnatakas-bio . No wonder, Maharashtra, the Indias richest state is called the Gateway of India.. The state is also into agriculture as it produces Cash crops like Coconut, Pepper, Cashew, and Natural rubber among others. Watch, Samantha Ruth Prabhu breaks down as she speaks about battling myositis: 'I'm in a difficult position, I hope to survive this', Watch: This teachers lyrical lesson on the Hindi alphabet has everyone singing along, Food blogger tries jalebi with aloo ki sabzi at famous Mathura shop. Chennai is the state capital city of Tamil Nadu and likewise the largest city in the state. Careful planning, targeted facilitation, fiscal prudence and understanding of the strengths of the Indian economy have helped the Narendra Modi government make India an island of calm amid challenging global developments, said Finance Minister Nirmala Sitharaman at an event on Wednesday. Agriculture and Manufacturing are the main sectors giving a huge boost to Karnatakas economy. Yediyurappa on Thursday. Karnataka is in the southern region of India. Uttar Pradesh is the most populous state in India, having a population of 243.4 million residents. This page was last edited on 1 November 2022, at 09:56 . India still has its share of challenges but not of a size that would threaten it, she said.. This Indian State is popular for its high-tech industries as Bangalore, its capital city has numerous high-tech hubs and is widely known for its shopping complexes and night life. Karnataka chief minister Basavaraj Bommai said on Wednesday that he wished to see competition from other states for industrial investments. Get full access to all features within our Corporate Solutions. The services sector has seen a surge in growth in GSDP in the Covid year compared to the industry and agriculture sector. We are a team of volunteers and starting a new initiative in a community in the same nihe. The move will allow companies like Dream11, Games24x7 (RummyCircle, My11Circle), MPL, and others to resume operations in the state, which were suspended since October 5, last year, when the state government enacted the Karnataka Police (Amendment) Act, 2021. This will enable the airport to handle around 35 million passengers per year. Home to the third highest number of billionaires in the world, India is widely regarded as one of the richest countries in the world by GDP. Register in seconds and access exclusive features. In the Ballari-Hospete iron ore belt, JSW runs a steel plant in Vijayanagar, Karnataka. Karnataka is located in the Southwestern area of India and was established on November 1, 1956. Karnataka's net state domestic product is of $47 billion. Subscribe Now: Get Express Premium to access the best Election reporting and analysis . Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q2 2022, Profit from additional features with an Employee Account. The state will record a GSDP of Rs 20.49 lakh crore in 2021-22 which is a sizable jump from the Rs 17.31 lakh crore recorded in 2020-21, according to estimates presented in the economic survey. Sikkim and Andhra Pradesh's off budget borrowings were near 2.5% of their GDP while Uttar Pradesh and Kerala have indulged in off budget borrowings of Rs 24,891 crore and Rs 10,130 crore respectively, data shared at the meet showed. ", Reserve Bank of India, GDP at factor cost of Karnataka in India from financial year 2012 to 2021 (in trillion Indian rupees) Statista, https://www.statista.com/statistics/962125/india-gross-state-domestic-product-of-karnataka/ (last visited November 08, 2022), GDP at factor cost of Karnataka in India from financial year 2012 to 2021, Available to download in PNG, PDF, XLS format, State GDP at factor cost in India FY 2017, Telecom subscribers in India June 2021, by service area, Coffee productivity in India FY 2013-2021, by state, State GDP of Karnataka in India FY 2011-2021, Gross fiscal deficit across Karnataka in India FY 2012-2021, Population density in Karnataka in India 1951-2011, Number of workers across Karnataka in India FY 2012-2019, Net sown area in Karnataka India FY 2007-2019, Volume of food grain production in Karnataka India FY 2008-2020, Number of persons employed on coffee plantations in Karnataka India FY 2010-2021, Fish production volume across Karnataka India FY 2008-2020, Flue-Cured Virginia tobacco production in Karnataka FY 2006-2021, Railway route length in Karnataka India FY 2003-2020, Length of roads constructed across Karnataka in India FY 2003-2018, Inland passenger traffic across Karnataka in India FY 2013-2020, Per capita availability of power across Karnataka in India FY 2012-2021, Share of households with access to safe drinking water across Karnataka 2011, Households with access to toilets in Karnataka India 2018 by type, Registered number of vehicles Bengaluru India FY 2006-2019, Greenness index of Bangalore in India 1990-2014, Quality of governance of Bengaluru in India 2017, Residential property sales Bengaluru India 2016-2021, Area of new office space completions in Bengaluru India 2016-2021, Gross domestic product for agriculture across Karnataka in India FY 2012-2021, Gross state domestic product across Tamil Nadu in India FY 2012-2021, Gross state domestic product at factor cost of Rajasthan in India FY 2012-2021, Gross domestic product for agriculture across Maharashtra in India FY 2012-2020, Gross domestic product for agriculture across Uttar Pradesh in India FY 2012-2021, Gross domestic product for agriculture across Gujarat in India FY 2012-2020, Gross domestic product for agriculture across Tamil Nadu in India FY 2012-2021, Gross state domestic product across Uttar Pradesh in India FY 2012-2021, Gross state domestic product at factor cost of Gujarat in India FY 2012-2020, Gross state domestic product at factor cost of Maharashtra in India FY 2012-2020, Opinions on migrants as an economic resource in Italy 2018, Canadian opinions on working in gig economy 2019, Employment share in Japan 2016, by company size, Opinion on the economic crisis in Russia 2015-2019, Extent to which immigrants have a positive impact on the economy in Denmark 2017, Trade in computer services and intellectual property in Poland 2010-2018, GDP at factor cost of Karnataka in India from financial year 2012 to 2021 (in trillion Indian rupees), Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. The growth was in the range of 10 per cent for two subsequent years before slipping below 10 per cent in the Covid years. The major food crop produced by Telangana is Rice. Bengaluru will be followed by Dhaka, Mumbai, and Delhi. Related: The Top 10 Richest States in Nigeria. About 60% of the state residents actively engage in Agriculture and rice is the major food crop production in Andhra Pradesh. Expenditure in 2021-22. He added, The revenue collection started in a sluggish manner due to the second wave of the Covid pandemic at the start of the year. . UP juvenile accused of attack on Punjab police HQ: Father says tho How India can contribute to the peace efforts in the Russia-Ukraine war. 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Telangana leads with Rs 56,767 crore of off budget borrowings between 2019-20 and 2021-22, which is over 4.5% of its GDP. The fifth wealthiest state in India is Karnataka, having a GDP of 16.29 lakh crore which when converted equals $228 billion. This state is home to some of Indias largest commercial centers and industries. It is situated in the south-eastern area of India and was established on November 1, 1956. The Karnataka government said on Thursday it is aiming to mould the state into a $300 billion digital economy in the next five years. On the other hand, Lakh crore is an Indian numbering system and it represents Indian rupees (INR) in trillions. The JSW Group's chairman, industrialist Mr. Sajjan Jindal, announced on November 2, 2022 that his company plans to invest Rs. BENGALURU: Chief Minister Basavaraj Bommai on Tuesday said Karnataka's economy will pick up pace by 2025, and contribute $1.5 trillion to transform the country into a . Top 10 Richest States in USA 2022 Latest. The RBI conducted a detailed study of the states finances following the recent Sri Lanka crisis. Karnataka: 16,28,92,793 200 14,75,27,677 180 6 West Bengal: 12,07,82,261 150 11,00,65,072 140 7 . A stand out feature of the state economy is it has the highest share of services in the Gross State Value Added of 66.1 per cent in FY22 (estimates) the highest among all states, a product of its robust IT services industry and other technology-driven areas, the economic survey has reported. November 23, 2021. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Where is COP venue Sharm el-Sheikh, and how are climate conference hosts decided? The population of Andhra Pradesh in 2022 is around 46 million, making it the 10th most populated Indian state, and with Amaravati being the states capital. and over 1Mio. Watch her reaction, Rahul Dravid, Rohit Sharma and Virat Kohli give-up business class so that team's pacers get rest and more leg-space, Pak vs NZ tip-off XI: Haris to open, Babar to bat at three, Nawaz to bowl in the powerplay, Kashmir accession: Nehrus naivete, Mountbattens dubious role led to problem. Top 10 Richest States in India 2022 (By GDP), Top 10 Most Expensive Dogs in the World 2022. A Group of Ministers set up to look into Sikkim's demand of levying Covid cess on power and pharmaceutical sectors will meet on June 17. "GDP at factor cost of Karnataka in India from financial year 2012 to 2021 (in trillion Indian rupees)." The Indian state, Uttar Pradesh is located in Northern India and it was founded in 1950. The income of farmers has grown in the range of 1.3-1.7 times in FY22 from the FY18 levels on average while grain exports soared to over USD 50 billion, says an SBI Research report. Rajasthan has a GDP of 10.21 lakh crore ($140 billion), making it one of the richest states in India. 4.9. For consent
Founded on May 1, 1960, the State is located in the western-central peninsular of India. Export of electronics and computer software accounted for 85% share in Karnatakas overall exports. SBI economists cut the FY22 GDP growth rate projections by 60 basis points as more states are enforcing restrictions.
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