Economy
Karnataka has recorded the highest growth rate in terms of GDP and also per capita GDP in the last decade compared to other states. Nearly 56% of the workforce of the state is engaged in agriculture and related activities. The output is dependent on the southwest monsoon.
Karnataka is also one of the largest hubs for some of the public sector industries in India, like the Hindustan Aeronautics Limited, National Aerospace Laboratories, BHEL, Bharat Earth Movers Limited and HMT. The Indian Space Research Organisation (ISRO), Bharat Electronics Limited and Central Food Technological Research Institute are all in Karnataka.
Since the 80’s Karnataka has emerged as the leading player in the field of Information Technology. Indian firms like the Infosys and Wipro have its headquarters in the state. I-T firms from this state accounted almost 50% of all IT exports from India. All this achievements in the IT field earned it the sobriquet of India’s Silicon Valley.
The state has a huge presence in the realm of biotechnology also. The majority of the biotechnology firms of this country are based in Karnataka. Seven of India’s leading banks, the Canara Bank, Syndicate Bank, Corp Bank, Vijaya Bank, Vysya Bank, Karnataka Bank and the State Bank of Mysore, all have originated from this state.
Bandipur National Park, Banerghatta National Park, The Ruins of the Vijayanagara Empire at Hampi, Monuments of Pattadakel (An UNESCO World Heritage Site), Gol Gumbaz, Brindavan Gardens, Gomteshwara Temple (Tallest Monolith in the world), Jog Falls are the state’s main tourist attractions.