Karnataka registers 10.2 per cent GSDP growth in 2023-24
Bengaluru: Karnataka has registered a robust GSDP growth of 10.2 per cent in 2023-24, the state government said on Monday. Citing a data from the Ministry of Statistics and Programme Implementation (MoSPI), the government said in a statement that the state has significantly surpassed the national average of 8.2 per cent.
"Initially, the National Statistical Estimate (NSE) had projected a modest 4 per cent GSDP growth for Karnataka, but this was revised to 13.1 per cent by the end of the fiscal year, indicating early underestimation of the state’s economic performance," the statement read.
The government pointed out that this feat was achieved despite severe challenges, including the worst drought in a decade and a slowdown in global IT markets. The state’s agriculture sector faced negative growth due to drought conditions, while Karnataka’s dependence on the IT and hardware sectors—accounting for 28 per cent of its Gross State Value Added (GSVA)—made it vulnerable to global economic downturns, according to the statement.
The Indian IT industry’s growth, which slowed from 15.5 per cent in FY 2022 to 8 per cent in FY 2023, reflected global recessionary fears and inflation. For FY 2024-25, the NSE forecasts Karnataka’s GSDP to grow at 9.4 per cent, slightly below the national average projection of 10.5 per cent, the statement said.
However, the Ministry of Finance projects a more optimistic 14 per cent growth for the state, supported by strong fiscal indicators, it added. "As of September 2024, Karnataka recorded a 10 per cent year-on-year increase in GST collections and a 24 per cent surge in stamp duty revenue, signaling a healthy economic trajectory," the government said.
Karnataka’s per capita GSDP remains among the highest in the country, on par with Telangana, reflecting the strength of Congress-led governance in both states, the statement said. The state government gave credit to its pro-people policies, including its five guarantees, saying they have ensured that the benefits of growth reach all sections of society.
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Plea about 'threat' to Rahul Gandhi filed without his consent, to be withdrawn: Lawyer
Pune, Aug 13 (PTI): Hours after filing a plea in a court here claiming apprehension of threat to Rahul Gandhi from the followers of Vinayak Damodar Savarkar, the Congress leader's lawyer on Wednesday said it was filed without Gandhi's consent, and would be withdrawn.
He will submit another application on Thursday to withdraw the `Pursis' or the application filed before Judicial Magistrate (First Class) Amol Shinde, said Advocate Milind Pawar.
Pawar is representing Rahul Gandhi in a defamation case filed by Satyaki Savarkar, grand-nephew of Vinayak Damodar Savarkar, over certain statements made by the Congress leader against the late freedom fighter and Hindutva ideologue.
He drafted the application without consulting Gandhi and the latter has taken a "strong exception to the filing of this Pursis and expressed his disagreement with its contents", the lawyer said in a press release late in the evening.
The application filed by advocate Pawar earlier in the day said that complainant Satyaki Savarkar had admitted that he is also a direct descendant, through maternal lineage, of Nathuram Godse and Gopal Godse, principal accused in the assassination of Mahatma Gandhi.
Gandhi is the Leader of Opposition in the Lok Sabha and recently held a press conference in Delhi, placing before the nation evidence of electoral fraud by the Election Commission, the application said.
"Furthermore, during the parliamentary debate on the subject of Hindutva, there was a heated exchange between the Prime Minister and Shri Rahul Gandhi, a matter well known to the public. Against this backdrop, there is little doubt that the complainant, his great-grandfathers (the Godses), those connected with the ideology of Vinayak Savarkar, and some followers of Savarkar who are presently in power, may harbor hostility or resentment towards Gandhi," the application said.
"In light of the documented history of violent and anti-constitutional tendencies linked to the complainant's lineage, and considering the prevailing political climate, there exists a clear, reasonable, and substantial apprehension that Rahul Gandhi may face harm, wrongful implication, or other forms of targeting by persons subscribing to the ideology of Vinayak Damodar Savarkar," the application stated.
The Pune court has already granted bail to Rahul Gandhi in the defamation case. The trial is yet to begin.
Reacting to the development, Advocate Sangram Kolhatkar, Satyaki Savarkar's lawyer, asked why the application was filed in the first place. "This is nothing but an attempt to delay the trial by moving such frivolous pleas," he said.
Satyaki Savarkar has filed a defamation complaint against Rahul Gandhi, alleging that in a speech made in London in March 2023, the Congress leader claimed that V D Savarkar had written in a book that he and five to six of his friends once beat up a Muslim man and he (Savarkar) felt happy.
No such incident ever took place, and V D Savarkar never wrote any such thing anywhere, the complaint claimed.
