Tuesday, 31 January 2023

 

 

LATEST NEWS Arrangements for annual Urs of Hazrat Syed Noor Shah Wali Bagdadi (RA) reviewed at Kulgam District-level NCORD Committee meeting held at Rajouri PSPS Govt P.G. College for Women organises “Movie Screening” event for students DC Doda Vishesh Paul Mahajan reviews progress of work on NH244 DM Vishesh Paul Mahajan Chairs 7th NCORD Committee meeting at Doda DC Doda Vishesh Paul Mahajan reviews performance of Revenue Department Shiv Khori Mela arrangements finalised JKEDI organises one-day workshop on innovation and entrepreneurship for students in Jammu ILT20 : My job is to bring the best out of players : Shane Bond 5G rollout to boost 'Digital India' but journey is far from complete : Economic Survey Shah Rukh Khan croons 'Aankhon Mein Teri' for 'Pathaan' co-star Deepika Padukone Alaya F celebrates 3 years of 'Jawaani Jaaneman', says film changed her life Jennifer Aniston, Adam Sandler sport Indian wear in 'Murder Mystery 2' trailer Aditya Roy Kapur, Mrunal Thakur-starrer 'Gumraah' to release on April 7 Jehri Ve: Gippy Grewal & Jasmine Sandlas Drop Power Packed Song From Film Mitran Da Naa Chalda Dr Asgar Hassan Samoon reviews functioning of J&K Skill Development Mission Administration to revive wool sector in J&K Lt Governor Manoj Sinha inaugurates 36th Inter-University North Zone Youth Festival 'Antarnaad' at Jammu University Sanjay Dutt On Board For the Upcoming Film ‘Thalapathy 67’ Aditya Roy Kapur-Mrunal Thakur Starrer ‘Gumraah’ Release Date Revealed Vizag will be state capital : Y.S. Jagan Mohan Reddy

 

Chief Minister Basavaraj Bommai indicates to prepare action plan for creating $ 1 trillion GDP for Karnataka

Basavaraj Bommai, BJP, Bharatiya Janata Party, Karnataka, Bengaluru, Chief Minister Of Karnataka

Web Admin

Web Admin

5 Dariya News

Bengaluru , 18 Oct 2022

Karnataka Chief Minister Basavaraj Bommai on Tuesday indicated to prepare an action plan for creating $1 trillion GDP for Karnataka.He was speaking after launching the report "Karnataka: A $1 Trillion GDP Vision" authored by economists T.V. Mohandas Pai and Nisha Holla of 3one4 Capital.

"Karnataka has demonstrated economic resilience during the Covid-19 pandemic and has taken several policy decisions to accelerate growth. We look forward with great optimism towards reaching the USD 1 trillion target and being an integral part of India's march towards USD 10 trillion this decade," the Chief Minister said.

"As India reaches the USD 5 trillion target by 2026, we will take measures to grow faster than the all-India GDP and contribute substantially towards these goals. We are committed to increasing all our citizens' economic status and improving the quality of life and ease of living in Karnataka. 

I'm happy to release this report authored by TV Mohandas Pai and Nisha Holla of 3one4 Capital, on the vision for Karnataka to reach USD 1 Trillion this decade," added.Dr Shalini Rajneesh, Additional Chief Secretary to Government, Planning Department, remarked during the occasion, "The Planning Department's Economic Survey of Karnataka 2021-22 made a detailed analysis of the state's socio-economic condition. 

It incorporated inputs from subject-matter and domain experts, making it a truly inclusive and forward-looking survey. This new report encapsulates the learnings from the Economic Survey. It suggests policy measures and investment areas to accelerate economic growth post-pandemic and reach the golden target of $1 trillion GDP."

The report makes a detailed analysis of Karnataka with extensive data analytics. The findings suggest an asymmetry in the workforce-to-sector dependence in the symmetry. Generally, dependents on the services and industry sectors earn 5.1 times and 2.7 times what an agriculture-dependent earns, respectively. 

Populations in the north of the state earn much lower incomes than the south because of the heavy dependence on agriculture.The content is prepared based on the Planning Department's Karnataka Economic Survey 2021-22 with additional analysis.

The report presents a comprehensive analysis of Karnataka's socio-economic status. It explains various factors that have propelled Karnataka to consistently rank as one of India's Top 5 state economies. The state has the third highest GDP in FY 22, the highest per-capita income among the larger states, and 66 per cent of its economy comes from services. 

It also hosts robust agriculture and industry sectors.The report calls for a re-evaluation of the 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).

The state is one of India's foremost employment generators; EPFO data shows Karnataka produced 13.6 lakh formal jobs in FY 22 "11 per cent of India's total. Of this, 4.4 lakh were in the age group of 22-25 (new graduates)a"13 per cent of India's total.

Today, 10 per cent of Karnataka's population is over 60, projected to increase to 15 per cent in 2031. The state will soon have an aging population, supported by a gradually shrinking workforce, barring immigration. 

A social security net for the growing senior population combined with opportunities to build a highly skilled workforce that supports economic output while the population shrinks will be crucial as the state marches towards the USD 1 trillion GDP target by 2032. This analysis is based on the conservative/achievable growth rates, the report says.

 

Tags: Basavaraj Bommai , BJP , Bharatiya Janata Party , Karnataka , Bengaluru , Chief Minister Of Karnataka

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2023 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD