livelihood of Karnataka
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Karnataka is one of the highest economic growth states in India with an expected GSDP (Gross State Domestic Product) growth of 8.2% in the fiscal year 2010–2011.[2][3] The total expected GSDP of Karnataka in 2010–2011 is about ₹2719.56 billion.[3] Per capita GSDP during 2008–2009 was US$1034.9. Karnataka recorded the highest growth rates in terms of GDP and per capita GDP in the last decade compared to other states. In 2008–09, the tertiary sector contributed the most to GSDP (US$31.6 billion─55 percent), followed by the secondary sector ($17 billion─29 percent), and the primary sector (US$9.5 billion─16 percent).[4]
Explanation:
Between 2011-12 and 2017-18, the GSDP of the state grew at a Compound Annual Growth Rate (CAGR) of 13.11 per cent to reach ₹12.69 trillion (US$ 196.88 billion) and the net state domestic product (NSDP) grew at a CAGR of 12.83 per cent to reach ₹11.45 trillion (US$ 177.68 billion).[9]
A fiscal year in Karnataka begins on 1 April of the previous calendar year and ends on 31 March of the year with which it is numbered.
After Bangalore urban district, Dakshina Kannada (Mangalore) and Belgaum district contribute the second and third highest revenue to the state respectively.
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