Slowing growth puts Karnataka on a par with national average
4 years, 10 months ago

Slowing growth puts Karnataka on a par with national average

Live Mint  

The closing gap between the national growth rate and that of Karnataka presents a worrying trend, which could not only add to the woes of state, but could further impact services, agriculture and industries sectors, analysts said. If projections for 2020-21 holds true, then Karnataka’s estimated growth rate of 6.3% and the national growth rate of 6-6.5% is likely to be on a par, raising concerns for a state which has not only been one of the top performers, but also one of the biggest contributors to the central coffers. The gloomy picture, owing to both domestic and global economic slowdown, and the spread of Covid-19, is likely to put Karnataka on the back foot, forcing it to endure sustained decline in growth, widening regional imbalances and deepening agrarian distress. Kshitij Urs, public policy expert and visiting faculty, National Law School, said Karnataka has remained in the top five performing states, but the budget does not promise to invest in ambitious projects to remain competitive.

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History of this topic

Decoding India’s growth slowdown
Trending News
22 minutes ago

Decoding India’s growth slowdown

The Hindu  

The first advance estimates of India’s Gross Domestic Product in 2024-25, released by the National Statistics Office this week, shows a decline in the real GDP growth rate to 6.4% from 8.2% registered in 2023-24. The annual growth rates of real gross fixed capital formation in public and private sectors During the 10 years of the United Progressive Alliance rule, …

North Karnataka given step-motherly treatment by govts, say Region MLAs in Assembly
3 weeks, 2 days ago

North Karnataka given step-motherly treatment by govts, say Region MLAs in Assembly

New Indian Express  

BELAGAVI: Cutting across party lines, MLAs from North Karnataka raised several major issues concerning the region and questioned the “stepmotherly” treatment meted out to the area by successive governments as far as development is concerned. During a special discussion on the development of North Karnataka in the Assembly, ruling party MLA Prakash Koliwad said, “The per capita income in North …

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data
1 month, 1 week ago

India's GDP growth slows to 5.4% in Q2 2024-25: Govt data

Hindustan Times  

India's Gross Domestic Product growth slowed down to 5.4% during the second quarter of the financial year 2024-25 due to the falling growth rate in manufacturing, consumption, and mining. India's GDP growth slows to 5.4% in Q2 2024-25, govt data shows In comparison, the GDP growth rate was 8.1% in the second quarter of 2023-24, according to government data released …

Andhra achieves 10.44% growth in GSDP in 2023-24, shows economic survey report
1 month, 3 weeks ago

Andhra achieves 10.44% growth in GSDP in 2023-24, shows economic survey report

Hindustan Times  

Andhra Pradesh has registered a growth rate of 10.44% in the gross state domestic product during the financial year 2023-24 but it was 3% less than the growth rate recorded in the previous financial year 2022-23, a report of the socio-economic survey tabled in the state assembly on Monday, said. The growth rate in the GSDP during 2023-24 was 13.5% …

Mapping Karnataka's Population Distribution: A City-Wise Analysis
2 months ago

Mapping Karnataka's Population Distribution: A City-Wise Analysis

Hindustan Times  

Karnataka's population density map reveals a significant concentration of residents in Bengaluru, with 25% of the state's population residing there. The map has sparked discussions about the need for more urban centers in the state to alleviate pressure on Bengaluru. While cities like Mysore, Hubli, and Mangaluru have significant populations, vast areas, especially in the Western Ghats and Malenadu, remain …

Karnataka's Economic Growth Soars, Outperforming National Average
2 months, 2 weeks ago

Karnataka's Economic Growth Soars, Outperforming National Average

Hindustan Times  

Karnataka registers a 10.2% GSDP growth in 2023-24, significantly surpassing the national average of 8.2 per cent. Despite challenges like drought and global IT slowdown, the state's agriculture sector faced negative growth, while its dependence on the IT and hardware sectors made it vulnerable to global economic downturns.

Karnataka's Economic Resilience: A Beacon of Hope in a Global Downturn
2 months, 2 weeks ago

Karnataka's Economic Resilience: A Beacon of Hope in a Global Downturn

The Hindu  

Karnataka's economy outperformed the national average with a GSDP growth of 10.2% in FY 2023-24, despite global economic challenges. The State's agriculture sector faced negative growth due to drought conditions, while its IT and hardware sectors were vulnerable to global recessionary fears. However, strategic governance and diversified growth drivers have ensured resilience. The State's per capita GSDP remains among the …

Concern over ‘unscientific projection’ of GDP rate as nation’s prime growth indicator
5 months, 2 weeks ago

Concern over ‘unscientific projection’ of GDP rate as nation’s prime growth indicator

The Hindu  

A talk on ‘Tall claims and bleak realities - features of the contemporary Indian economy’ by Kerala State Planning Board member R. Ramkumar on July 26 expressed concern over the unscientific projection of gross domestic product rates as the nation’s prime growth indicator when the per capita Income was continuing at a very low rate. Presenting his view points at …

In the red: Why Karnataka's finances should worry the government
5 months, 2 weeks ago

In the red: Why Karnataka's finances should worry the government

India Today  

Karnataka Chief Minister Siddaramaiah announced on July 23 his non-participation in the NITI Aayog Governing Council meeting to be chaired by Prime Minister Narendra Modi in Delhi on July 27. Against a national GDP growth rate of 7.3 per cent, Karnataka is set to register a growth of 6.6 per cent. Karnataka’s gross fiscal deficit was 2.14 per cent in …

Forward-looking policies helped Karnataka to excel in economic growth: CM
5 months, 4 weeks ago

Forward-looking policies helped Karnataka to excel in economic growth: CM

The Hindu  

Forward-looking policies have helped Karnataka clock a GSDP growth rate of 14.2% in fiscal 2024 even as the State, being the fourth largest industrial player, contributes around 8.2% to the country’s GDP, said Chief Minister Siddaramaiah here on Friday. It is due to the forward-looking policies that Karnataka has clocked a GSDP growth rate of 14.2% in FY23,’‘ the Chief …

GDP growth impresses, but rural demand remains a worry
7 months, 1 week ago

GDP growth impresses, but rural demand remains a worry

New Indian Express  

India’s economic growth seems to be going gangbusters. Ending nearly a decade-long wait, real GDP growth crossed the 8 percent mark, touching 8.2 percent in 2023-24. Provisional data released by the National Statistics Office also showed that the gross value added—net of subsidies and taxes, and hence considered a better measure of economic activity—grew by 7.2 percent. Agriculture and allied …

Karnataka Economic Survey flags challenges in keeping fiscal deficit at a low
10 months, 3 weeks ago

Karnataka Economic Survey flags challenges in keeping fiscal deficit at a low

New Indian Express  

BENAGALURU: The Karnataka Economic Survey 2023-24 released on Friday cautioned against the trend of increase in government expenditure and decline in revenue collection. However, with the increasing government expenditure and declining government revenues, keeping the fiscal deficit at a low is challenging,” the survey stated. In the survey, it is stated that in 2023-24, budget programmes have been formulated for …

Karnataka pegs 42% decline in sugar output at 34.51 lakh tonne for 2023-24 season
1 year, 2 months ago

Karnataka pegs 42% decline in sugar output at 34.51 lakh tonne for 2023-24 season

Hindustan Times  

Sugar production in Karnataka, the country's third largest producer, is estimated to fall by 42.30 per cent to 34.51 lakh tonne in the 2023-24 sugar season that started this month, due to lower cane output and less sugar recovery. Sugarcane production in Karnataka is estimated to be lower at 520 lakh tonne in 2023-24, compared with 705 lakh tonne in …

Data | Uneven progress in Karnataka: Bengaluru, Mysuru regions way ahead of Kalaburagi and Belagavi
1 year, 5 months ago

Data | Uneven progress in Karnataka: Bengaluru, Mysuru regions way ahead of Kalaburagi and Belagavi

The Hindu  

Karnataka’s economic performance was the best among all the major States in 2020-21. If the per capita net State domestic product is used as a measure of a State’s economic performance, Karnataka ranked first among all the major States that year. Click to remove AMP mode There is a huge difference between the income levels of richer districts such as …

Promises to keep, miles to go: Can Karnataka’s new government think out of the box?
1 year, 7 months ago

Promises to keep, miles to go: Can Karnataka’s new government think out of the box?

The Hindu  

Published : Jun 02, 2023 16:22 IST - 13 MINS READ One question being discussed intensely since the Congress’ sweeping win in the Karnataka Assembly election is whether the State’s finances will be capable of shouldering the burden of welfare measures promised in the party manifesto. This is expected to continue; even the Centre’s Economic Survey had said that Karnataka …

India’s GDP expanded 6.1% in 2022-23’s last quarter
1 year, 7 months ago

India’s GDP expanded 6.1% in 2022-23’s last quarter

The Hindu  

India’s GDP growth accelerated to 6.1% in the January to March 2023 quarter, lifting the economy’s uptick in 2022-23 to 7.2% from the 7% estimated earlier, according to the provisional national income data released by the National Statistical Office on Wednesday. The higher-than-expected GDP growth last year could also temper growth expectations for this year, which the government and central …

Karnataka’s new, yet daunting, journey to development
1 year, 7 months ago

Karnataka’s new, yet daunting, journey to development

The Hindu  

As the dust settles in Karnataka over what was seen by many as a foregone conclusion, it is now time to get down to the business of governance. A trillion-dollar economy goal Karnataka aspires to become a trillion-dollar economy by 2032 and needs a 17%-18% Compound Annual Growth Rate in its Gross State Domestic Product to make this happen over …

Congress in Karnataka might use 20% of the state budget, an estimated sum of Rs 62,000 crore to provide the freebies it promised before elections: Reports
1 year, 7 months ago

Congress in Karnataka might use 20% of the state budget, an estimated sum of Rs 62,000 crore to provide the freebies it promised before elections: Reports

Op India  

The Congress party’s significant victory against the Bharatiya Janata Party in Karnataka has emerged as the result of a variety of circumstances, but the freebies that the party provided to the populace may have tipped the scale in its favour. Nearly 20% of the state budget is represented by the estimated sum of Rs 62,000 crore. According to the most …

Karnataka Election 2023: All Cong Candidates Sign 'Pledge' to Deliver on Party's '5 Guarantees'
1 year, 8 months ago

Karnataka Election 2023: All Cong Candidates Sign 'Pledge' to Deliver on Party's '5 Guarantees'

News 18  

The high-voltage campaign for the May 10 assembly elections in Karnataka ended with notices to both Bharatiya Janata Party and Congress from the Election Commission. As the row over Karnataka’s “sovereignty” remark escalated with the BJP seeking an FIR against Sonia Gandhi and her party’s derecognition, the poll panel asked the Congress to clarify and rectify the party’s social media …

Data | Karnataka lags in social measures, rank worsened in recent years
1 year, 8 months ago

Data | Karnataka lags in social measures, rank worsened in recent years

The Hindu  

An analysis of economic, social and environmental indicators of poll-bound Karnataka shows that the State features at the bottom half of many measures and also its performance relatively worsened between 2015-16 and 2019-21. Table 2 | The table shows Karnataka’s per capita net state domestic product and its change in rank in 2020-21, compared to 1993-94 Click to subscribe to …

Maha Expected to See 6.8% Growth: Economic Survey 2022-23
1 year, 10 months ago

Maha Expected to See 6.8% Growth: Economic Survey 2022-23

News 18  

Maharashtra deputy chief minister and finance minister Devendra Fadnavis tabled the Economic Survey 2022-23 on Wednesday, which indicated that the state’s economy is expected to have grown by 6.8% against the national growth of 7%. As per the Economic Survey, the fiscal deficit of the Maharashtra government is expected to be at 2.5% for 2022-23. At the national level, the …

Maharashtra Economy To Grow 6.8% in 2022-23: State's Economic Survey
1 year, 10 months ago

Maharashtra Economy To Grow 6.8% in 2022-23: State's Economic Survey

News 18  

The Maharashtra Economic Survey, tabled on Wednesday, pegged the state’s economic growth at 6.8 per cent for the current financial year 2022-23. It said that in 2022-23, the state’s agriculture and allied activities sector is expected to grow 10.2 per cent, industry sector by 6.1 per cent and services sector by 6.4 per cent. According to the Economic Survey 2022-23, …

RBI projects economic growth at 6.4% for next fiscal
1 year, 11 months ago

RBI projects economic growth at 6.4% for next fiscal

Firstpost  

Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the RBI’s internal survey says manufacturing, services and infrastructure sector firms are optimistic of the business outlook New Delhi: The Reserve Bank of India has projected India’s economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the current fiscal, citing risks from geo-political …

State economy clocked 12.01% growth in 2021-22: Economic Review
1 year, 11 months ago

State economy clocked 12.01% growth in 2021-22: Economic Review

The Hindu  

The State economy posted a ‘‘strong recovery’‘ in 2021-22 with the Gross State Domestic product clocking a 12.01% growth at constant prices, the Economic Review 2022 published on Thursday said. The annual growth rate of public debt decreased from 14.34% to 10.16%, and the public debt-GSDP ratio from 25.90% to 24.26% in 2021-22 compared to the previous fiscal. State’s own …

Andhra Pradesh heading towards double-digit growth: FM Buggana
3 years ago

Andhra Pradesh heading towards double-digit growth: FM Buggana

Deccan Chronicle  

Vijayawada: Andhra Pradesh finance minister Buggana Rajendranath alleged that Telugu Desam misled people by making false propaganda over the state finances and clarified that the state was heading towards double-digit growth. Rajendranath said during the last year of the TDP government in 2018-19, there were no external difficulties for the economy but Andhra Pradesh GSDP growth rate slowed sharply from …

Telangana\'s GSDP at Rs 6.63 lakh crore in FY\' 20: Report
4 years, 2 months ago

Telangana\'s GSDP at Rs 6.63 lakh crore in FY\' 20: Report

Deccan Chronicle  

Telangana's real gross state domestic product has grown to Rs 6.63 trillion in 2019-20 from Rs 4.16 trillion in 2014, according to a report by Knight Frank India. This resulted in a compounded annual growth rate of 8.08 per cent, said the report. Telangana IT/ITeS exports contributed a revenue of Rs 1.25 lakh crore during the last fiscal with 18 …

Karnataka's GSDP May Touch Rs 35 Lakh Crore in Five Years: Deputy Chief Minister
4 years, 4 months ago

Karnataka's GSDP May Touch Rs 35 Lakh Crore in Five Years: Deputy Chief Minister

News 18  

Karnataka's Gross State Domestic Product may touch Rs 35 lakh crore in the next five years notwithstanding the COVID-19 pandemic impact, state Deputy Chief Minister Dr C N Ashwath Narayan said on Sunday. The state, whose GSDP now stands at 15.35 lakh crore, has the potential to reach the Rs 35 lakh crore and the government was leaving stone unturned …

The geography of growth in India
4 years, 5 months ago

The geography of growth in India

Live Mint  

One of the striking features of India’s growth boom since the 1980s has been the concentration of economic activity in a handful of states. Conventional economic theory suggests that poorer states should have grown faster during India’s growth boom since the 1980s. According to Annual Survey of Industries data for 2017-18, a majority of India's factory jobs are clustered in …

Maharashtra’s growth to drop to 5.7%, says economic survey
4 years, 10 months ago

Maharashtra’s growth to drop to 5.7%, says economic survey

Hindustan Times  

Maharashtra’s economy is expected to grow at 5.7% in 2019-20, its lowest rate in the past eight years, according to the Economic Survey of Maharashtra report tabled in the state legislature on Thursday. According to the report, the state’s growth rate in 2018-19 was 6%, 1.5 percentage points down from the previous Bharatiya Janata Party government’s estimate of 7.5%. The …

GDP growth down to 6-year low in Q1 of 2019-20 financial year
5 years, 4 months ago

GDP growth down to 6-year low in Q1 of 2019-20 financial year

The Hindu  

India’s gross domestic product growth rate slowed to a six-year low of 5% in the first quarter of the 2019-20 financial year, the government announced on Friday, led by a dramatic slowdown in the manufacturing sector. The growth of Gross Value Added stood at 4.9% in the first quarter of the financial year 2019-20, also the slowest in six years. …

GDP growth drops to 5% from 5.8% last quarter, at 6-year low
5 years, 4 months ago

GDP growth drops to 5% from 5.8% last quarter, at 6-year low

India Today  

The Gross Domestic Product growth for the first quarter of the financial year 2019-20 dropped to five per cent, a sharp decline of 0.8 per cent points compared to the last quarter that ended in March. The GDP at Constant Prices in Q1 of 2019-20 is estimated at Rs 35.85 lakh crore, as against Rs 34.14 lakh crore in Q1 …

State retained 7.5% growth, but farm sector in distress
5 years, 6 months ago

State retained 7.5% growth, but farm sector in distress

The Hindu  

Maharashtra’s economy grew at an estimated 7.5% in 2018-19, the same pace as the year before it, but growth in the agricultural sector collapsed to a mere 0.4% and crop output shrank by a sharp 8%. With industrial growth also contracting, it was only a sharp 9.2% growth in the Services sector that helped the State retain the 7.5% growth …

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