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Karnataka’s Economy Growing Rapidly: State Surpasses National Average, Says CM in Budget

By Ram Chethan
Karnataka’s Economy Growing Rapidly: State Surpasses National Average, Says CM in Budget

Chief Minister Siddaramaiah announced during the state budget presentation that Karnataka’s Gross State Domestic Product (GSDP) growth rate for 2025–2026 stands at 8.1%, which is higher than the national average of 7.4%. This indicates the strong growth of the state’s economy.

He also stated that Karnataka received around 9.4 billion US dollars in Foreign Direct Investment (FDI) during the same period. Out of the total FDI coming into India, Karnataka’s share is about 26.7%, reflecting strong investor confidence in the state.Arayna Women's Cotton Printed Floral Straight Kurta with Palazzo Pants and Dupatta

While presenting the budget, the Chief Minister highlighted that Karnataka continues to maintain steady economic progress. The state’s rapid development in technology, industry, and the service sector has made it an attractive destination for foreign investors.

Due to these developments, several international companies are investing in Karnataka. The government believes that this growth will create more employment opportunities and further strengthen the state’s economic position.