Economy of Karnataka

Industries and agriculture form the backbone of the economy of Karnataka. Apart from these two, tourism, mining industry and the banking sector also is a major support for the economy of Karnataka. It has been estimated that about 80% of the total population in Karnataka is dependent upon agriculture. Rice is the main food crop grown in the region. Other than this, the crops that contributes to a major portion of Karnataka economy are Ragi, Jowar, Pulses, Coffee, Cashew, Coconut, Arecanut, Cardamom an so on.

Besides, industries of Karnataka also is a major contributor in the economic growth of Karnataka. The state is showing extensive progress in both public and private sectors of industries. Some of the important industries of Karnataka are:

Bharat Electronics Limited
Bharat Earth movers
Hindustan Machine Tools � HMT
Bharat Heavy Electricals � BHEL, etc.

Further, Karnataka is known for its silk rearing and the production of khadi. The state has a large market for its silk products in India as well as in other parts of the world. Apart from these, we also find numerous other industries in Karnataka that helps extensively in the economic upgradation of Karnataka. They are Food Processing, Engineering, Electrical, Chemical, Electronic Goods, Agro-based, processing of plantation products like tea, coffee, rubber, cashew, etc.

The power and energy sector of Karnataka is another very important contributor in the economy of Karnataka. Recently, interest have been shown by the Reliance Energy Limited, Tata Power, National Thermal Power Corporation and GMR to set up 3 coal based power projects of 1000 mega watts in Karnataka. This will surely enhance the economy of Karnataka.

To know more about the economy of Karnataka, click on the following links:

Karnataka Economy