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.
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Most Islamic scholars and schools of thought agree that the mustache should be faded or trimmed to ensure hygienic practice so the hair does not touch the lip. Along the lines of hygiene, Muslim men are also instructed to keep their beards at an appropriate length, which, according to Abu Huraira is a fist length. Chin scruff and light stubble do not cut it.
I think he himself should start practicing what he says.
Thanks for chaning the Headline CD.
CD, very wicked you are. On headlines it says UP Wakf Board and on the inside it is UP Shia Wakf board. Shias are simply not Muslims. Infact their religion is Shiaism!
This man seems to be no knowledge of Islam and got highest postion in the waqf board.
The hadees clearly says, GROW THE BEARD AND SHORTEN TEH MOUTACHE.
Shorten how much., it can go interpreted to minimal length of zero.
How does a man look like terrorist by shaving anything. A man with longer moustache really look like terrorist, that is the reason, it is much encouraged or practiced in military and police.
Some smaller ranked police constable even though they are very slim they look fearful with moustache.
I dont give my own fatwa or decree but wrongly and Misguiding religious ruling is worst than anything.
Those who misguide in the name of Hadees and Quran are more punishable as per Hadees.
May Allah guide him and all to understand and pracice the truth.
MUQ MAAFI
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