Bengaluru, Mar 8: The economic slowdown in the country had a cascading effect on Karnataka, as its growth rate for outgoing fiscal 2019-20 is projected to be 6.8 per cent against 7.8 per cent in the last fiscal (2018-19), a senior official said on Saturday.
"The Gross State Domestic Product (GSDP) is estimated to be 1 per cent less at 6.8 per cent for this fiscal from 7.8 per cent in the last fiscal due to slowdown in manufacturing (industry) and services sectors," an official of the state finance department told media.
Though the agriculture sector has revived from 1.6 per dent in the drought-hit last fiscal (2018-19) to register 3.9 per cent this fiscal, growth rates of industries and services will be 4.8 per cent and 7.9 per cent for 2019-20 against 5.6 per cent and 9.8 per cent respectively in 2018-19.
"The GSDP is projected to grow at 6.3 per cent in the ensuing fiscal of 2020-21 due to continued slowdown in the national economy," the official hinted.
According to the state's economic survey for 2019-20, the farm sector grew more than double to 3.9 per cent from 1.6 per cent a year ago due to increase in the production of foodgrains, dairy products and fish catch.
Foodgrain production across the state rose to 136 lakh tonnes from 128 lakh tonnes a year ago, the survey revealed.
"In line with the national Gross Domestic Product (GDP) growth rate decline, Karnataka's GSDP has declined from a high of 13.3 per cent in 2016-17 to a low of 6.8 per cent in 2019-20.
"The GSDP has declined from a double-digit growth of 10.8 per cent in 2017-18 to 7.8 per cent in 2018-19 and 6.8 per cent in 2019-20," the survey pointed out.
The survey has adopted the all-India growth rate for the services sector growth in the state, which reflects the impact of slowdown in the key sector.
At current prices, the southern state's GSDP is expected to be Rs 16,99,115 crore (budget estimates) with a 10 per cent growth rate in the next fiscal (2020-21).
"Real estate, professional services and ownership of dwellings contributed 35.31 per cent to the GSDP in 2019-20, followed by manufacturing with 15.32 per cent, trade and repair services 9.51 per cent and crops 7.44 per cent," said the survey findings.
Per capital income in the state at current prices is estimated to be Rs 2,31,246 in 2019-20, an increase of 8.8 per cent from Rs 2,12,477 in 2018-19.
"The per capita income in the state is 58.4 per cent more than that of all-India rate at Rs 1,35,050 in this fiscal," the survey added.
Uttara Kannada deputy commissioner SS Nukul on Saturday passed the order prohibiting Jayant Naika, son of Govinda Naika, a resident of Mavalli in Murudeshwar from staying in the district for next three months.
Comments
I think this is the best way police can do. Whoever do mischief and creating problem in their town should throw them to other state for 5 years. Istead of putting them in Jail.
They not allowed visit their family upto 5 years. Then they knows the values of human being.
send him to hell forever. he is a culprt
Kick him out to china or pakistan border
Huballi is not far....send him to Andaman.....or Saturn would be better....
Good Move... The authorities should recognize the trouble makers and give harsh punishment so that the society will be peaceful...
There are many authorities who wear bangles and fear the cheddis. its time to know that cheddis evil power are diminishing day by day and there is no need to worry and live in fear.
The authoriites should do their jobs without fearing the consequences... Do good to the society ... God's help come when our intention is right.
He should have been booted out at least for one year... so that other monkeys will learn .... He may be following the foot steps of his Guru Mutalik and may be demanding 10 laks to start a riot .....
Good Job done by the district police. he should be thrown behind the bars for ever for disturbing peace
Kick them out of Country.Waste Bodies.
Hats off to super star nukul (mr.s.s.nukul), d.c of uttara kannada, for at last showing the guts and courage of
Power of his respected post, to maintain the law & order of the district, by thrwoing out this so called \gandi naali ka
Keeda\" out of the district for the benefit of the peace loving people belonging to all the communities, who are allowed to live & let live harmoniously. Long live india & indians. Jai ho."
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