Oct 18 2022, 21:37 ist . The report calls for a re-evaluation of State's growth drivers in the light of the pandemic and the upcoming golden targets of reaching USD 500 billion GDP by 2026 and USD 1 trillion GDP by 2032, from the FY 22 GDP of USD 273 billion (INR 20 lakh crore). Over the last 10 years, GDP of Karnataka grew substantially from 69.5 million to 204 million INR, lakhs rising at an increasing annual rate that reached a maximum of 18.39% in 2021. The state is also into agriculture as it produces Cash crops like Coconut, Pepper, Cashew, and Natural rubber among others. The economy of Gujarat is the fourth largest in India with GDP of 16.8 lakh crore, enabling it to be listed among the richest states in India. Karnataka is a global innovation and startup hub with more than 400+ global R&D centers and 4000+ startups in Bangalore. The ideal entry-level account for individual users. There you have the list of the top ten richest states in India. It is also targeting to garner 50 per . Please create an employee account to be able to mark statistics as favorites. Directly accessible data for 170 industries from 50 countries Did your state make it to the list? Put another way, Central Capex will have to grow 19 per cent in the second half year-on-year to achieve that. Siddaramaiah, who was in Delhi to talk to Congress leaders Rahul Gandhi and Sonia Gandhi, said there was no disagreement between the state party leaders, particularly DK Shivakumar, and they were ready to face the election together. The Indian state, Gujarat is one of the largest producers of cash crops in India like groundnuts and cottons. Where is COP venue Sharm el-Sheikh, and how are climate conference hosts decided? The industry sector GSDP in 2021-22 is Rs 3.61 lakh crore compared to Rs 3.04 lakh crore the previous year and Rs 3.14 lakh crore in 2019-20 while the agriculture GSDP is Rs 2.57 lakh crore in the current fiscal compared to Rs 2.24 lakh crore last fiscal and Rs 1.81 lakh crore in 2019-20. Karnataka currently contributes $100-110 billion to India's digital economy. "Gdp at Factor Cost of Karnataka in India from Financial Year 2012 to 2021 (in Trillion Indian Rupees). Kerala has a GDP of 9.78 lakh crore ($130 billion), and it remains one of the most-richest states in India 2022. This has led to demand for imposition of nationwide strict lockdowns to stem the spread of the virus - a move that the Modi government has so far avoided after the economic devastation last year from a similar strategy. Bengaluru, Mysuru, Mangaluru & Hubballi-Dharwad are the major contributors, Belagavi & Kalaburagi are the other important cities contributing to the economy of Karnataka.Coffee and Tea are also grown on the slopes of the Western Ghats in the district of Kodagu, Chikkamagaluru and Hassana.Karnataka produces 70% of India's coffee, of . November 23, 2021. Tamil Nadu is the second wealthiest state in India with a GDP of 32.24 lakh crore which is estimated to worth $430 billion. Home to the third highest number of billionaires in the world, India is widely regarded as one of the richest countries in the world by GDP. statistic alerts) please log in with your personal account. 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GDP stands for Gross Domestic Product. There are currently 28 States and 8 Union territories in India. ", Reserve Bank of India, GDP at factor cost of Karnataka in India from financial year 2012 to 2021 (in trillion Indian rupees) Statista, https://www.statista.com/statistics/962125/india-gross-state-domestic-product-of-karnataka/ (last visited November 08, 2022), GDP at factor cost of Karnataka in India from financial year 2012 to 2021, Available to download in PNG, PDF, XLS format, State GDP at factor cost in India FY 2017, Telecom subscribers in India June 2021, by service area, Coffee productivity in India FY 2013-2021, by state, State GDP of Karnataka in India FY 2011-2021, Gross fiscal deficit across Karnataka in India FY 2012-2021, Population density in Karnataka in India 1951-2011, Number of workers across Karnataka in India FY 2012-2019, Net sown area in Karnataka India FY 2007-2019, Volume of food grain production in Karnataka India FY 2008-2020, Number of persons employed on coffee plantations in Karnataka India FY 2010-2021, Fish production volume across Karnataka India FY 2008-2020, Flue-Cured Virginia tobacco production in Karnataka FY 2006-2021, Railway route length in Karnataka India FY 2003-2020, Length of roads constructed across Karnataka in India FY 2003-2018, Inland passenger traffic across Karnataka in India FY 2013-2020, Per capita availability of power across Karnataka in India FY 2012-2021, Share of households with access to safe drinking water across Karnataka 2011, Households with access to toilets in Karnataka India 2018 by type, Registered number of vehicles Bengaluru India FY 2006-2019, Greenness index of Bangalore in India 1990-2014, Quality of governance of Bengaluru in India 2017, Residential property sales Bengaluru India 2016-2021, Area of new office space completions in Bengaluru India 2016-2021, Gross domestic product for agriculture across Karnataka in India FY 2012-2021, Gross state domestic product across Tamil Nadu in India FY 2012-2021, Gross state domestic product at factor cost of Rajasthan in India FY 2012-2021, Gross domestic product for agriculture across Maharashtra in India FY 2012-2020, Gross domestic product for agriculture across Uttar Pradesh in India FY 2012-2021, Gross domestic product for agriculture across Gujarat in India FY 2012-2020, Gross domestic product for agriculture across Tamil Nadu in India FY 2012-2021, Gross state domestic product across Uttar Pradesh in India FY 2012-2021, Gross state domestic product at factor cost of Gujarat in India FY 2012-2020, Gross state domestic product at factor cost of Maharashtra in India FY 2012-2020, Opinions on migrants as an economic resource in Italy 2018, Canadian opinions on working in gig economy 2019, Employment share in Japan 2016, by company size, Opinion on the economic crisis in Russia 2015-2019, Extent to which immigrants have a positive impact on the economy in Denmark 2017, Trade in computer services and intellectual property in Poland 2010-2018, GDP at factor cost of Karnataka in India from financial year 2012 to 2021 (in trillion Indian rupees), Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. "The Government of Karnataka has taken significant steps to embrace Industry 4.0. Gujarat was founded on May 1, 1960 and Gandhinagar currently serves as the states capital city. Although allied services sectors, like the hospitality and tourism services, suffered during the pandemic, the IT services sector, which is a key component of the economy in Karnataka, has thrived in the last two years on account of a surge in demand for IT-related services in the Covid hit world. In overall exports, sectors such as petroleum products, iron & steel and organic chemicals were the key contributors. Karnataka boasts of diverse flora and fauna and a 320 km natural coastline, which makes it a nature tourist's paradise. It is situated in the south-eastern area of India and was established on November 1, 1956. Bengaluru: Karnataka has set a target of achieving 50 per cent market share of the $100-billion national bio-economy by 2025, said Chief Minister B.S. Agricultural growth has been supported by favourable monsoons, significant Budget spends and subsidies. According to industry experts, Indias top cities like Gurugram, Bengaluru, Hyderabad and Pune are expected to see favourable housing demand. Telangana also has numerous minerals and it is one of the top producers of barites, limestone, feldspar, quartz, kainite, and dolomite in India. Tourist arrivals in the state increased from 36.7 million in 2006 to 102.3 million in 2017. Uttar Pradesh has an estimated GDP of 17.05 lakh crore ($240 billion), making it one of the richest states in India by GDP. Get full access to all features within our Corporate Solutions. How many calories can you burn with surya namaskar in 5-10 minutes? It is the largest state in India by area and takes on the 7th position in terms of population. This will enable the airport to handle around 35 million passengers per year. While the report estimates the bio-economy of the state at USD 22.6 billion (Rs 1,67,240 crores) and growing at present, it is projected to USD 42 billion by 2025. Indian software exports in the current financial year are estimated to be worth $170 billion USD with Karnataka contributing an estimated 38 per cent. Some of its other agricultural productions include; sugar cane, cotton, tobacco, peanut, and mango. India is the 7th largest country by area and it takes on the 2nd position among the largest countries in the world by Population. You can only download this statistic as a Premium user. The state has sector specific Special Economic Zone (SEZs) for key industries such as IT, biotechnology, engineering, food processing and aerospace. Uttar Pradesh is the largest producer of wheats and food grains in India and as well famous for the production of sugarcanes, oil seeds, mangoes and potatoes. In May 2022, the Karnataka Government announced the new Karnataka Renewable Energy Policy for the 2022-27 period. Karnataka Bank shares soar 19% as profit hits record high in Q2. Karnataka is located in the Southwestern area of India and was established on November 1, 1956. Contact In Indias agricultural sector, Tamil Nadu is the highest producer of agricultural products in the whole of India. The Karnataka Digital Economy Mission (KDEM) aims for the State's contribution to India's digital economy to reach $300 billion by 2026 by enabling holistic growth of the tech sector IT . The state is situated in southern India and has a population of about 35 million residents. Chennai is the state capital city of Tamil Nadu and likewise the largest city in the state. Learn more about how Statista can support your business. Every business should have working capital to sustain the functions of the company, pay its employees and grow in the market. Rajasthan was founded on March 30, 1949 and its current capital is the city of Jaipur. It is also targeting to garner 50 per cent market share of . Deputy Chief Minister and the Minister for IT, BT and S&T, C N Ashwath Narayan said, "we will mould Karnataka from the present 52 billion dollar digital economy into a 300 billion dollar digital . Mastodon: How to sign up for the decentralised Twitter alternative, Rohit Sharma, Babar Azam, Hardik Pandya & other batsmen who are due a big one ahead of the T20 world cup semifinals, Lunar eclipse: India timing, how to watch and everything else, 3 times Apple cut iPhone production in the past, You couldve been arrested: Grandma's reaction when woman pranks her with Katy Perrys Last Friday Night wins hearts online, Shoaib Akhtar reacts hilariously to a fan mimicking Shah Rukh Khan during an interaction. Maharashtra is however regarded as the economic capital of India. Karnataka is in the southern region of India. Its various industries comprises of manufacturing, technology, tourism, fashion, media, aerospace, oil, international trade and many other industries. With the current pace, India is much ahead of any income grouping. However, it is one of the largest coal-producing state in India. You need a Statista Account for unlimited access. However, only the top 10 of the wealthiest states in India would be examined below. The move will allow companies like Dream11, Games24x7 (RummyCircle, My11Circle), MPL, and others to resume operations in the state, which were suspended since October 5, last year, when the state government enacted the Karnataka Police (Amendment) Act, 2021.