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.
The comment posted from the Facebook account of Shankar Prasad read:?“Sattavarella Christaralla, Namagenu Bidi” (All those who died are Christians, why should we bother?).
Comments
now innocent children are also not spared by hindutva
These kids are like clan flowers not seen the world. Very innocent.
How a person can have hatred OR enmity with such innocent kids.
This guy does not represent all Hindus, this is his own corrupt ideology. However his fellow Hindus have responsibility to correct him, to change him by hook OR Crook. One guy spoils the name of entire community is not acceptable in the civil society.
We are with the saddened parents and friends of these kids.
Uneducated goons and their leaders.....expected......when this guy dies please notify in media so the whole world can comment....Sattadu ondu naai alla ....municipality garbagige haaki....
shame on him no matter what he is or which religion he belongs to, he is not worthy of being human.. if he has no mercy for humanity.. put those aside, we have more people from different community who prayed for all those blessed souls.. today i attended juma in one of masjid.. and there was dua after prayer including these children's n all those who passed away in such tragedy. #beahumanfirst #humanityismypriority
RSS and Bajrangi has become more dangerous for human. They started to think like animals.
After worshiping stone for many years their heart has became stones permanently.
WHAT one can expect from this inhumans, cruel communal minds,even animals have mercy to each others and they express it some forms, but these so called chad.....is are now proved to be worse than that.. may the almighty creator protect the people of our nation from such ANTI HUMANS..
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