Karnataka Map

Karnataka

About Karnataka: Industries, Exports, Economy, Tourism, Climate, Geography

Latest update: November, 2014

Economic Snapshot: GSDP of Karnataka

At current prices, the gross state domestic product (GSDP) of Karnataka was about US$ 98.5 billion in 2013-14.

Economic Snapshot: GSDP of Karnataka

Break up of outstanding investments in Karnataka

In 2013-14, outstanding investments in the state totalled US$ 171 billion, representing nearly 7.1 per cent of the total outstanding investments in India.

Break up of outstanding investments in Karnataka

Factfile

  • Capital:Bengaluru
  • Geographical Area (sq km):192,000
  • State Language:Kannada, Tulu, Kodava, Hindi and English
  • Literacy Rate:75.4 per cent
  • Key Industries:IT and ITeS, biotechnology, engineering, electronics and telecom, automotive, textiles and apparel, aerospace, animations, tourism and renewable energy

Last Updated: November, 2014

KARNATAKA State Report | November, 2014

Karnataka is located in the southern region of India. It is surrounded by the Arabian Sea on the west, Goa on the northwest, Maharashtra on the north, Andhra Pradesh on the east, Tamil Nadu on the southeast, and Kerala on the southwest.

At current prices, the Gross State Domestic Product (GSDP) of Karnataka was about US$ 98.5 billion in 2013-14. The average GSDP growth rate between 2004-05 and 2013-14 was about 15.2 per cent. The per capita GSDP increased at a compound annual growth rate (CAGR) of 13.9 per cent between 2004-05 and 2013-14 to US$ 1,793.

Karnataka is the IT hub of India and home to the fourth largest technology cluster in the world. During 2012-13, total exports from the state aggregated US$ 47.6 billion, which is approximately 12.7 per cent of India's total exports. The state has 22 operational, 40 notified, one valid in-principle approval and 61 formal approval special economic zones (SEZs), as of July 2013.

Karnataka offers a wide range of fiscal and policy incentives for businesses under the Karnataka Industrial Policy, 2009-14. Through the ESDM Policy 2013, the government of Karnataka has planned to facilitate, promote and develop the ESDM sector in Karnataka and make the state a preferred destination for investment in this sector.

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