Economy Of Karnataka
Karnataka is one of the high economic growth states in India with the expected GSDP (Gross State Domestic Product) growth of 8.2% in the fiscal year 2010-2011. The total expected GSDP of Karnataka in 2010-2011 is about Rs. 2719.56 billion. Per capita GSDP during 2008–2009 was US$ 1034.9. Karnataka recorded the highest growth rates in terms of GDP and per capita GDP in the last decade compared to other states. In 2008-09, the tertiary sector contributed the most to the GSDP amounting to US$ 31.6 billion (55 percent), followed by the secondary sector, contributing US$ 17 billion (29 percent, and the primary sector‘s contribution amounting to US$ 9.5 billion (16 percent). With an overall GDP growth of 56.2% and a per capita GDP growth of 43.9% in the last decade, Karnataka surpassed all other states in India, pushing Karnataka's per capita income in Indian Rupee terms to sixth place. Karnataka received US$2,026.4 million worth of Foreign Direct Investment for fiscal year 2008-09 placing it at third spot among states in India. At the end of 2004, the unemployment rate of Karnataka was 4.57% compared to a national rate of 5.99%. For the fiscal year 2006-07 the inflation rate of Karnataka was 4.4% which was less than the national average.
Read more about Economy Of Karnataka: Sectors in The Economy, Agriculture, Education, Industry, Infrastructure
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