The severe drought in 2023, global economic slowdown and post-Covid crisis over the last few years had slowed down the economy in Karnataka. Now, good rain, state-sponsored guarantee schemes and growing Gross Domestic Product (GDP) are pushing the state to score better on the economic front.
But as the state is spending massive amounts on implementing guarantee schemes, infrastructure development has taken a hit.
Just a few weeks ago, the Chief Minister's Office released a statement that the state continues to drive India's economic progress, registering a robust GSDP growth of 10.2% for 2023-24, significantly surpassing the national average of 8.2%, according to data from the Ministry of Statistics and Programme Implementation (MoSPI).
"The state achieved this feat despite severe challenges, including the worst drought in a decade and a slowdown in global IT markets," it stated.
This story is from the December 30, 2024 edition of The New Indian Express Bengaluru.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 30, 2024 edition of The New Indian Express Bengaluru.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Sidlingu 2 to Release This Valentine's Day
Sidlingu 2, directed by Vijaya Prasad of Neer Dose and Thothapuri fame, is all set to hit the big screen this Valentine's Day (February 14). It is billed as a wholesome family entertainer.
Prajwal Devaraj's Rakshasa Set for Shivaratri Release
Rajwal Devaraj takes on a gripping new challenge with Rakshasa, a time-loop horror film directed by Lohith H.
Guru Nandan to play a stand-up comedian in Mr Jack
CTOR Guru Nandan, who recently launched his production company, Mandimane Talkies, is working on a new film with his friends.
Pinaka Will Be A Perfect Blend Of Tradition And Contemporary Appeal
GANESH, a celebrated name in Kannada cinema, is gearing up for an exciting new chapter with his upcoming film Pinaka.
GHOSTHUNTER GAURAV TIWARI'S STORY INSPIRED MY FILM: NAVANEETH
Choo Mantar director talks about his upcoming film, Sharan's role, and the making process ahead of its release
A NEW DAWN
Like every year, the sun sets and a new dawn emerges the next day.
ON THE 2025 PLATE
From bold street food flavours to mindful indulgences, 2025 promises a feast that satisfies both the palate and the planet
Echoes of Yesterday
These historic spaces, once forgotten, are being revitalised as cafes, restaurants, and bakeries, each with a unique story to tell
Edged & gone again: Kohli's horror run
T could well have happened on the very first delivery he faced. Virat Kohli had entered a mixed reception at a packed Sydney Cricket Ground on Friday morning.
Nair in record books, easy win for Tamil Nadu
KARUN Nair bettered the world record for scoring most List A runs without being dismissed as Vidarbha beat Uttar Pradesh, while Shreyas Iyer's 137 powered Mumbai to a massive 163-run win over Puducherry in their respective Vijay Hazare Trophy matches on Friday.
