Karnataka GSDP growth rate falls to 6.9%, below national average

March 16, 2017

Bengaluru, Mar 16: The state is expected to show a Gross State Domestic Product (GSDP) growth of 6.9% for fiscal year 2016-17 as against 7.3% during 2015-16, less than nationally expected average of 7%, as per the Economic Survey of Karnataka for 2016-17. The cause for the drop in the growth is attributed to decline in the growth rate of industry and services sectors.

gsdp
While the manufacturing sector is expected to grow at 2.2% compared with 4.9% during the previous year, the service sector is expected to grow at 8.5% as against 10.5% in the previous year.

“Advance estimates show that Karnataka’s GSDP at constant (2011-12) prices is expected to grow at 6.9% and reach Rs 8,71,995 crore in 2016-17,” the survey said. “The advance estimates of all-India GDP at constant (2011-12) prices is expected to grow at 7%,” it added.

There has been marginal decrease in the composition of GSDP of agriculture and allied activities and industrial sector from 11.77% and 24.7% in 2015-16 to 11.68% and 23.68% in 2016-17, respectively. However, there has been a marginal increase in the composition of the services sector from 63.53% to 64.64%.

The per capita income of Karnataka at current prices is estimated to be Rs 1,59,893 during 2016-17 as against Rs 1,46,416 for 2016-17, according to the survey. For the fiscal under consideration, the state has estimated a fiscal deficit of 2.12%, declining marginally from 2.79% in 2015-16. The revenue receipts saw a growth of 11.06%, to Rs 1,30758 crore in 2016-17, as compared with Rs 1,17,731 crore in 2015-16.

The state also saw the inflow of foreign direct investment worth $1,697 million for the first nine months of the current fiscal year, which amounted to 4.73% of the total FDI inflow into India. From April 2000 to December 2016, Karnataka attracted a total of $21,938 million of investment, constituting 6.76% of FDI inflow into India.

“The major adversaries for the investors are bureaucratic hassles, infrastructural deficiencies and power shortages,” the survey showed. “The government has taken several steps to address them,” it added.

In a positive development, unemployment showed a southward trend in the state. The number of job seekers as per the live register of employment exchanges was 3.34 lakh in December 2016, as against 3.41 lakh in March 2016, down 1.9%.

The state, famous for its IT prowess, contributed 38% to the software and services exports from India for the fiscal year 2015-16, according to the survey.

The exports from software/services for the fiscal under consideration stood at a whopping Rs 1,99,822 crore, while the total exports from the state stood at Rs 3,25,414 crore.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
December 5,2025

Mangaluru: In a significant step to curb online hate and intimidation, Mangaluru City Police have registered a suo motu case against multiple Instagram accounts accused of circulating alleged provocative and threatening content.

While monitoring social media activity on Tuesday, Kankanady Town PSI Anitha Nikkam identified the Instagram handle ‘team_targetttt_900’ for posting a hate message alongside images of lethal weapons. Another account, ‘team_nagara_900’, allegedly shared a threatening post targeting activist Bharath Kumdelu, tagging additional pages such as KARAVALI-OFFICIAL.

Several other accounts — including ‘immu_bhai.fan’, ‘target_boy_900’, ‘kings_of_manglore’, ‘team_target_boys.900’, ‘arshad_mangalore’, ‘target_ka19_ullal’, ‘team_target__’, ‘troll_tigersz_900’, ‘tr_group_900’, and ‘team_target_900’ — are also under scrutiny for spreading similar inflammatory material, police said.

Authorities have urged citizens, especially young social media users, to report suspicious pages and avoid engaging with groups that glorify violence or threaten individuals. Online hate can quickly escalate into real-world harm, and police stress that sharing or promoting such content can attract legal consequences.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
December 4,2025

Mangaluru: Chaos erupted at Mangaluru International Airport (MIA) after IndiGo flight 6E 5150, bound for Mumbai, was repeatedly delayed and ultimately cancelled, leaving around 100 passengers stranded overnight. The incident highlights the ongoing country-wide operational disruptions affecting the airline, largely due to the implementation of new Flight Duty Time Limitations (FDTL) norms for crew.

The flight was initially scheduled for 9:25 PM on Tuesday but was first postponed to 11:40 PM, then midnight, before being cancelled around 3:00 AM. Passengers expressed frustration over last-minute communication and the lack of clarity, with elderly and ailing travellers particularly affected. “Though the airline arranged food, there was no proper communication, leaving us confused,” said one family member.

An IndiGo executive at MIA cited the FDTL rules, designed to prevent pilot fatigue by limiting crew working hours, as the cause of the cancellation. While alternative arrangements, including hotel stays, were offered, about 100 passengers chose to remain at the airport, creating tension. A replacement flight was arranged but also faced delays due to the same constraints, finally departing for Mumbai around 1:45 PM on Wednesday. Passengers either flew, requested refunds, or postponed their travel.

The Mangaluru delay is part of a broader crisis for IndiGo. The airline has been forced to make “calibrated schedule adjustments”—a euphemism for widespread cancellations and delays—after stricter FDTL norms came into effect on November 1.

While an IndiGo spokesperson acknowledged unavoidable flight disruptions due to technology issues, operational requirements, and the updated crew rostering rules, the DGCA has intervened, summoning senior airline officials to explain the chaos and outline corrective measures.

The ripple effect has been felt across the country, with major hubs like Bengaluru and Mumbai reporting numerous cancellations. The Mangaluru incident underscores the systemic operational strain currently confronting India’s largest carrier, leaving passengers nationwide grappling with uncertainty and delays.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.