Karnataka to be No.1 State by 2025; set to contribute $1.5 Trillion for India’s economy: CM Bommai
Bengaluru, March 15: Kartanata is set to become number 1 state in the country in overall economic growth, Chief Minister Basavaraj Bommai said and expressed the confidence of the State contributing $1.5 Trillion to realise Prime Minister Modi’s dream of making India a $5 Trillion economy.
The Chief Minister in his address at the ‘Vision of Karnataka 2025’ conclave organised by Federation of Karnataka Chambers of Commerce and Industry (FKCCI) said, by 2025 the economy would have attained pace and buoyancy. I am confident of Karnataka making a significant contribution of $1.5 Trillion to realise Prime Minister Modi’s dream of making India a $5 Trillion economy. The GDP growth would double. With financial discipline and planning there would be growth in the Agriculture, Industry and Services sectors, Bommai said.
Impetus on economic growth
I have given greater impetus for economic growth in this year’s budget. The size of the budget has been increased by Rs.19,000 cr. Even the experts had not expected this. It was predicted that the budget would be loaded with freebies as it is a pre-election budget. But we have come to the rescue of those who help the State. We have extended a helping hand to those who toil under the hot sun, Bommai said.
Infrastructure projects like roads, railways, airports and ports have received a big boost. Special Investment Regions would come up at Dharwad and Tumakuru. Food Parks would be set up in every district. The Chennai-Mumbai Corridor, Textile Parks at Gulbarga and Vijayapura would lay a strong foundation for sustained economic growth, Bommai said.
Equity in development
The Chief Minister stressed the need for equity in economic growth. Special emphasis has been given for the development of Bengaluru. Peripheral Road has been approved and the tendering process is on. Packages have been finalised for Ring Roads in all cities. STRR from Dabaspet to connect with Chennai Highway and Mysuru road would be taken up. Metro is being extended. Tenders have been invited for the Suburban Rail project, he said.
“Our government is laying a strong foundation for a bright economic future. It is a pro-people government,” he said.
Ministers Dr. K Sudhakar, BA Basavaraj and FKCCI office bearers were present.