Pride of Karnataka
Index : 1,476 | 1Yr : +1.8% | 1Mo : -0.34%
Category : Geographic
Min Investment : 19,955
Since the IT revolution started in Bangalore, Karnataka has clocked the highest growth rates for more than a decade when compared to other states. It is during this time that Bangalore, came to be known as, 'The Silicon Valley of India.' It is the fourth largest technology cluster in the world with around 50 SEZs dedicated to this sector. The unemployment rates and inflation in the state are among the lowest in the country. It is also one of the highest recipients of FDI in the last few years.
Karnataka is a hub of the silk industry in India which has suffered severe consequences as a result of rise in prices of imported chinese yarn, competition from large scale chinese manufacturers and shift in trends. The state is also an education hub, boasting the largest concentration of higher education colleges. The banking sector is very evolved as the coastal region of Udupi occupies a premium position in India as seven of India's well recognized banks originated from this region.
With a bias to the service sector, the manufacturing sector is not evolved as much. However, Karnataka hosts manufacturing facilities of large public sector enterprises for defence and heavy engineering equipments. Invest in the future of Karnataka through this theme.