Daijiworld Media Network- Bengaluru

Bengaluru, Mar 7: Chief Minister Siddaramaiah announced that Karnataka's Gross State Domestic Product (GSDP) is projected to grow at a rate of 7.4% for the fiscal year 2025-26, surpassing the national Gross Domestic Product (GDP) growth forecast of 6.5%. This projection underscores Karnataka's robust economic performance and resilience.

India's economy has shown signs of recovery, with a growth of 6.2% in the October-December quarter of 2024, up from 5.6% in the previous quarter. This improvement is attributed to increased government and consumer spending, strong Kharif crop output, and a revival in rural demand.

Karnataka's anticipated GSDP growth rate of 7.4% reflects the state's effective economic policies and development initiatives. The state's focus on sectors such as information technology, manufacturing, and agriculture has contributed to this positive outlook.

Chief Minister Siddaramaiah emphasized the government's commitment to sustaining economic growth and ensuring that the benefits reach all sections of society. He highlighted the importance of strategic investments in infrastructure, education, and healthcare to maintain this growth trajectory.