Karnataka makes a significant contribution to the country’s GDP, yet the State’s economic engine has not been geographically balanced, said N. Venu, MD & CEO, India & South Asia, Hitachi Energy.
Speaking at the Confederation of Indian Industry (CII) Karnataka annual day here, Mr. Venu, who was appointed as the new chairman, CII Karnataka, on Friday, said the State contributed 8% of the GDP of the entire country and its contribution has been growing by 9.3% CAGR.
“Despite Karnataka’s significant growth and contribution to the GDP, its economic engine has not been geographically balanced, and the lion’s share of growth still comes from Bengaluru and the rest of the State is yet to meaningfully contribute to economic growth,” he said.
