When India’s GDP declines, Karnataka set to record higher growth rate of 8.5%

News Network
February 17, 2018

Buoyed by a robust growth in services sector, the Gross State Domestic Product (GSDP) of Karnataka is set to record higher growth rate of 8.5% even as the country's GDP growth is projected to decline to 6.5% in 2017-18 as compared to 7.1% in 2016-17 at constant prices (2011-12).

According to the state Economic Survey for 2017-18 tabled in the legislature ahead of the Budget for 2018-19 by Chief Minister Siddaramaiah, the services sector is expected to grow by 10.4% in 2017-18 as against a growth of 8.9% during 2016-17.

During the last few years, the services sector has been contributing a larger portion of GSDP. The share of the sector saw a marginal increase from 65.53% in 2016-17 to 66.63% in 2017-18. The contribution of real estate, professional services and ownership of dwellings is highest with 35% in 2017-18, followed by manufacturing (13.88%), trade and repair services (9.27%) and crops (7.68%), the survey said.

GSDP is the most important indicator in measuring economic growth of the state. While in 2016-17, the country's GDP was 7.1% at Rs 1,21,96,006 crore at constant (2011-12) prices, the state's GSDP was growing at 7.5% at Rs 8,74,395 crore. This is now (2017-18) expected to grow at 8.5% and reach Rs 9,49,111 crore.

The gross state value added (GSVA) growth rate of agriculture and allied sector in 2017-18 has been lowered to 4.9% compared to 5.7% in 2016-17 on account of the decline in the area under tur and paddy to 3 lakh hectares and 2 lakh hectares respectively, in kharif 2017-18 compared to 2016-17.

The industry sector, which comprises of mining and quarrying, manufacturing, construction and electricity, gas and water supply, is expected to grow by 4.9% in 2017-18 against a growth of 3.7% during 2016-17. Also, the state's real estate, professional services and ownership of dwellings, is expected to grow at 11.5% in 2017-18, whereas, the first revised estimates (FRE) of 2016-17 was 10%.

"Our government is managing finances without causing deficit of resources for the developmental schemes of the state, even in the midst of financial burden caused on account of waiver of farm loan and pay revision of government employees," Siddaramaiah said in his Budget speech.

The Net State Domestic Product (NSDP) at constant prices is estimated at Rs 8,48,692 crore, showing a growth of 8.5%. The NSVA growth of agriculture and allied activities, industry and services sectors are expected to be 4.8%, 4.8% and 10.3% respectively, the survey added.

Per capita state income of Karnataka (at current prices) is estimated to increase by 10.9% to touch Rs 1,74,551 during 2017-18, against Rs 1,57,436 in 2016-17. In 2015-16, it was Rs 1,42,267. Karnataka's per capita income is higher by 56.2% over all-India per capita income for 2017-18, which is Rs 1,11,782. The level of per capita state income at constant prices is also expected to grow from Rs 1,20,496 during 2016-17 to Rs 1,29,362 for 2017-18 to reach an increase of 7.4%.

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coastaldigest.com web desk
May 10,2020

Mangaluru/ Bengaluru, May 10: Nearly 11,000 non-resident Kannadigas who are seeking repatriation from various countries across the world should be ready to shell out a huge amount for a two-week private quarantine in Karnataka before reaching their home.

The Kannadigas stranded in Gulf countries including UAE and Saudi Arabia have already expressed shock over the high airfare for repatriation during coronavirus lockdown. Another shocker is heavy quarantine fee once they reach their home state.

Officials in Mangaluru and Bengaluru have confirmed that administration has fixed charges for quarantine facilities starting from Rs 1,200 up to Rs 4,500, including food per day. 14 day quarantine will be mandatory for all healthy and asymptomatic international passengers. Hence, they should be ready to pay Rs 16,800  to Rs 63,000.

The other option is government quarantine centres: hostels run by social welfare, backward classes welfare and minority welfare departments but they are far from satisfactory. This is in stark contrast to the plush government quarantine facilities in Kerala.

In Mangaluru

The first repatriation flight to Mangaluru International Airport is expected to land on Tuesday, May 12 from Dubai.

The quarantine facilities include lodges, hostels and service apartments. Rates are fixed based on four categories: basic, economy, medium and premium. The basic facilities are mainly hostels of educational institutions, and the rest are budget and star hotels, said Rahul Shinde, probationary IAS officer, who is In-charge of the quarantine facilities for those being repatriated.

In Bengaluru

As many as 350 international passengers are set to arrive in Bengaluru at 3 am on Monday, May 11. So far, nobody has opted for government quarantine facilities, according to Lakshman Reddy, Joint Director, Social Welfare Department.

In Bengaluru, there are 55 hostels of the social welfare department, 51 of the backward classes welfare department and 12 of the minority welfare department. “We provide them with three square meals a day,” he added.

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coastaldigest.com web desk
July 15,2020

Bengaluru, July 15: The family members of a 67-year-old man, who had developed some symptoms of Covid-19, was in for a rude shock when a “reputed” private hospital in Bengaluru’s Whitefield quoted estimated bill of Rs 9.09 lakh for 10 days.

The elderly man was rushed to Columbia Asia Hospital even before receiving his covid-19 test report. But after a look at the estimated bill, the family chose not to admit him there.

The break-up of the estimated bill included Rs 1.40 lakh for ventilator, Rs 3 lakh for medicines, medical supplies and consumables, Rs 2 lakh for laboratory investigations, Rs 75,000 for room rent, Rs 75,000 towards professional fee, Rs 58,500 for nursing charges, Rs 35,000 for radiology investigations and physiotherapy, and Rs 25,000 for equipment and surgical items.

The hospital authorities reportedly told the family members that the actual bill could be higher in the event of complications, unanticipated extension of stay and comorbidities.

“He was tested on Sunday and we were waiting for the result. On Monday, he started gasping for breath. Columbia Asia Hospital told us they had an ICU bed and we rushed him to the emergency care. When they showed us the estimate, we were shocked,” said Abdul Bashir, a nephew of the patient.

“We then contacted Dr Taha Mateen of HBS Hospital through an NGO ‘Mercy Mission’. We got him admitted there for just Rs 25,000,” he said adding that Hospitals should not take advantage when emotions are running high. 

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coastaldigest.com news network
June 24,2020

Mangaluru/Udupi, Jun 24: Dakshina Kannada reported 12 new coronavirus positive cases where as neighbouring Udupi district reported 14 new cases today. Dakshina Kannada also reported a covid related death. 

Among the 12 cases in DK, 8 are males and 4 females. Four among them had recently come from Sharjah. One is suffering from severe acute respiratory infections (SARI) and seven with influenza like illness (ILI) symptoms.

In Udupi, there were two children among 14 people who tested positive today. There are 8 males and 6 females. Nine are Maharashtra returnees, one has travelled from Bengaluru, three have contracted infection from P-3851, and the source of infection of one more patient is being traced.

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