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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Sambhal violence orchestrated by BJP, govt to divert attention from poll rigging: Akhilesh Yadav
Lucknow (PTI): Samajwadi Party chief Akhilesh Yadav on Sunday alleged the violence in Uttar Pradesh's Sambhal district over the survey of a mosque was "orchestrated" by the BJP, the government and the administration "to divert attention from electoral malpractice".
Police used tear gas and "minor force" in the face of stone pelting by locals in Sambhal on Sunday as tension escalated during a second survey of the Mughal-era mosque, claimed to be originally the site of an ancient Hindu temple.
Ten people have been detained and a probe was launched into the violence, an official said.
Tension has been brewing in Sambhal over the past few days after the Jama Masjid was surveyed last Tuesday on the orders of a local court following a petition that claimed that a Harihar temple stood at the site.
A day after the Uttar Pradesh bypoll results were declared and the Samajwadi Party managed to win just two seats while the BJP and its ally RLD bagged the other seven, Yadav levelled serious allegations against the police and administration.
"A serious incident occurred in Sambhal. A survey team was deliberately sent in the morning to disrupt discussions about the elections. The intention was to create chaos so that no debate on election issues could happen," the Samajwadi Party chief claimed.
Citing reports, he said several people were injured in the violence in Sambhal and asked when a survey of the mosque was already done, why was a new survey conducted again and "that too in the morning and without preparation?"
"I don't want to go into the legal or procedural aspects, but the other side was not even heard. This was intentionally done to provoke emotions and avoid discussions on election rigging," Yadav said.
"What happened in Sambhal was orchestrated by the BJP, the government and the administration to divert attention from electoral malpractices," the former UP chief minister alleged.
Asserting that in democracy, true victory comes from the people, not the system, he said, "The new democracy created by the BJP ensures that people cannot vote while the system dominates."
He added that whenever an impartial investigation takes place, and the truth comes out through booth recordings and CCTV footage, it will be evident that "voters did not cast their votes and someone else became the voter inside the booth".
Yadav claimed that on the polling day, the police and the administration removed the Samajwadi Party's almost all booth agents and many supporters who wanted to vote.
"If voters were prevented from voting, then who cast the votes? If Samajwadi Party votes didn't reach those booths and our candidate didn't get support, then who voted there? This is a serious issue," he said.
"Additionally, there were two types of slips, -- one with a red mark and another regular slip. We raised this issue on the voting day itself, stating that the administration had created such arrangements, leading to discrimination," Yadav alleged.
The Samajwadi Party's candidate for the Kundarki assembly bypoll Haji Rizwan too has alleged that his supporters were prevented from voting.
The BJP's Ramveer Singh won the bypoll in the Kundarki seat by a margin of over 1.45 lakh votes.
