Trends in the growth of net State Domestic Product in Karnataka

Sharmila R
DOI: http://dx.doi.org/10.19085/journal.sijmd021004

Abstract

Being eighth largest state in India (geographically), the involvement of Karnataka for India’s rising success is significant. Diverse agricultural and mineral resources and strong manufacturing capabilities of Karnataka accounts for close to 10 per cent of India’s product exports. The State’s software exports are more than 35 per cent of India’s software exports. Being the world’s fourth largest technology cluster, Bangalore has the perfect ecosystem fostering growth and development of State-of-the-art technology. The State has made notable progress in all sectors inspite of the global slowdown in recent years. This paper is an attempt to analyse the trends in the growth of Net State Domestic Product in Karnataka for the period 1980-2011. It is concerned with the growth of different sectors of the economy, the changes in the shares of sectors to the Net State Domestic Product of Karnataka. The paper categorised a period of 31 years (1980-2011) as the Pre-liberalisation period-1980-1990, two phases of liberalisation:-Period/Phase 1:1990-2000, Period/Phase 2:2000-2011.Methodology follows the semi-log growth model. Karnataka recorded considerable growth rate of domestic product in the I-Phase and II-Phase of liberalisation period and for the entire period. What has been observed is that in the three periods and for the entire period both in terms of rates of growth and share in net state domestic product the tertiary sector has dominated.

Keywords

Gross Domestic Product; Karnataka Economy; Growth of different sectors; Shares of different Sectors; Pre-liberalisation period; Post-liberalisation period

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