Question
What is the Karnataka government's strategic plan to
boost the state's economy, and which sectors are highlighted for attracting investments?Solution
The Karnataka government's strategic plan involves attracting investments worth Rs 1.4 trillion annually, with an overall target of Rs 7 trillion over the next five years. The plan aims to achieve a growth rate of 15-16% annually and increase the industrial sector's contribution to the Gross State Value Added (GSVA). The highlighted sectors for investment include aerospace and defence, electronic components, core manufacturing, warehousing and logistics, electric vehicles, textiles, semiconductors, space tech, and med tech.
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