Last Updated: February 27, 2014
Latest update: April, 2014
Last Updated: April, 2014
KARNATAKA State Report | March, 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.
The state contributed 5.5 per cent to the gross state domestic product (GSDP) of India in 2012–13. Average GSDP growth rate between 2004–05 and 2012–13 was about 15.4 per cent. The per capita GSDP increased to US$ 1,594, growing at a compound annual growth rate (CAGR) of 14.1 per cent between 2004–05 and 2012–13.
Karnataka is the IT hub of India and home to the fourth largest technology cluster in the world. It accounted for 41.6 per cent (US$ 28.3 billion) of India’s electronics and software exports in 2011–12. The state has 47 IT/ITeS special economic zones (SEZs), three software technology parks and dedicated IT investment regions.
Karnataka has well developed social, physical and industrial infrastructure; good road, rail, water and air connectivity, and substantial port infrastructure. The state also has a well-developed telecom infrastructure and excellent healthcare facilities. Karnataka offers a wide range of fiscal and policy incentives for businesses under the Karnataka Industrial Policy, 2009–14.