Economic Growth and Structural Transformation in Karnataka

Author(s): Dr. Jagadeesh B and Shri Prajna

Abstract:

This paper aims to analyse the economic growth and structural transformation of the state of Karnataka in India. Karnataka has emerged as one of the leading states in terms of economic development and has experienced significant structural changes over the years. This paper examines the key drivers of economic growth in Karnataka, identifies the sectors contributing to its structural transformation, and discusses the challenges and opportunities that lie ahead. The analysis is based on a review of existing literature, statistical data, and relevant case studies. Karnataka is a state located in the southern part of India. It has emerged as one of the fastest- growing and economically significant states in the country. With a rich history, diverse culture, and abundant natural resources, Karnataka has become a major player in India’s economic landscape. Karnataka’s economy has witnessed remarkable growth and transformation, driven by sectors like IT, manufacturing, agriculture, and services. The state’s strategic location, favourable policies, and emphasis on infrastructure development have played a crucial role in its economic success. However, challenges such as regional disparities, sustainable development, and inclusive growth remain areas of focus for policymakers to ensure a balanced and equitable development trajectory for Karnataka.

Keywords: Structural transformation, economic growth, development, services, policymakers.

Pages: 33-36      |       255 View       |       2 Download