General | April 2024
Accelerating Advancement
In FY23, the top five states in India, that together contribute approximately 46.2 percent of India’s GDP, Karnataka was the fourth largest state in the country and contributed around 8.2 percent of the country's GDP. Bengaluru, the state’s capital and a major contributor, known as the "Silicon Valley of India," boasts a thriving IT ecosystem, attracting major tech firms and startups alike. With aspirations to evolve the city into an international Smart City, Karnataka is strategically investing in infrastructure and real estate projects, poised to elevate the state's economic landscape and enhance the overall quality of life for its residents.
Some of the key initiatives include: