K’taka’s economy outpaces national growth: CM
Karnataka continues to drive India’s economic progress, registering a robust GSDP growth of 10.2 per cent in FY 2023-24, significantly surpassing the national average of 8.2 per cent, the Chief Minister’s Office said in a statement on Monday
Karnataka CM Siddaramaiah
Bengaluru: Karnataka continues to drive India’s economic progress, registering a robust GSDP growth of 10.2 per cent in FY 2023-24, significantly surpassing the national average of 8.2 per cent, the Chief Minister’s Office said in a statement on Monday. The CMO’s media release quoted data from the Union 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, the report said.
“Initially, the National Statistical Estimate (NSE) had projected a modest 4 per cent GSDP growth for Karnataka, but this was revised to 13.1 per cent by the end of the fiscal year, indicating early underestimation of the state’s economic performance.
