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Karnataka Economic Survey 2011-12
Karnataka Economic Survey 2011-12
05-Dec-13
Gross State Domestic Product (GSDP) at factor cost at constant (2004-05) prices show that the state’s economy is expected to grow at 6.4% and reach Rs. 2,97,964 crore in 2011-12 which was Rs. 2,79,932 crore in 2010-11. The economy is showing encouraging trends due to strong services sector, which grew by 10.6% in 2011-12. However there has been slowdown in the agriculture and allied sector (-2.9% in 2011-12) attributable to a decline in crop area due to drought and floods. The growth rate of industry sector is estimated to have to decrease to 3.6%during 2011-12.