KARNATAKA - MALLIKARJUNA TEMPLE IN PATTADAKAL, KARNATAKA - IBEF Presentation
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KARNATAKA
MALLIKARJUNA TEMPLE IN PATTADAKAL, KARNATAKA
March 2021
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Table of Contents
Executive Summary 3
Introduction 5
Economic Snapshot 10
Physical Infrastructure 16
Social Infrastructure 25
Industrial Infrastructure 28
Key Sectors 30
Key Procedures & Policies 40
Appendix 51
2
Executive summary…(1/2)
Strong growth in GSDP
1 •
•
At current prices, Karnataka’s gross state domestic product (GSDP) stood at ~Rs. 16.65 trillion (US$ 225.99
billion) in 2020-21.
The GSDP (in Rs.) of the state increased at a CAGR of 9.76% between 2015-16 and 2020-21.
IT hub of India
• Karnataka is the IT hub of India & home to the fourth largest technology cluster in the world. It has 23 operational
2 •
IT/ ITeS SEZs, five software technology parks & dedicated IT investment regions.
Export of electronics and computer software from the state reached US$ 42.16 billion in FY20 (till November
2019). Export of IT and electronic products accounted for around 38.99% share in India's electronics and computer
software export and 76.36% share in Karnataka’s overall export.
Vibrant industrial base
3 • Karnataka has vibrant automobile, agro, aerospace, textile & garment, biotech & heavy engineering industries. The
state has sector-specific SEZs for key industries such as IT, nanotechnology, biotechnology, engineering, food
processing and aerospace.
One of the preferred investment destinations
4 •
•
The cumulative FDI inflow in the state reached US$ 46.61 billion between April 2000 and March 2020, the third
highest in India after Maharashtra and New Delhi. It accounted for a share of 9% of India’s cumulative FDI inflow.
Karnataka attracted Rs. 1.20 lakh crore (US$ 16.38 billion) investments during COVID-19
Source: Visvesvaraya Trade Promotion Centre, Karnataka Economic Survey 2019-20
3
Executive summary…(2/2)
Strong growth in export
5 • In 2020-21, the state’s total exports stood at US$ 13.19 million (as of March 2021). In the overall exports from the
state, sectors such as iron & steel, petroleum products, electronic instruments and cotton accessories were the key
contributors.
Strong knowledge infrastructure
6 •
•
Karnataka has 52 universities, 4,519 pre-university colleges, 535 Technical Institutions, 206 engineering colleges &
314 polytechnics, 47 medical colleges & 38 dental colleges.
The state also houses 401 R&D centres; around 400 of the Fortune Global 500 companies outsource their IT
services to firms in Bengaluru.
Significant agriculture base
7 • Sugarcane is the key crop of the state, with production of ~39.6 million tonnes in 2019-20**. The state’s total food
grain production was estimated to be 11.9 million tonnes in 2019-20**. Karnataka is also the third largest producer
of plantation crops in the country.
Strong growth in tourism sector
8 • Karnataka boasts of a diverse flora & fauna & a 320km natural coastline, which makes it a nature tourist's
paradise. Tourist arrivals in the state increased from 214.85 million in 2018 to 228.54 million in 2019, at a growth
rate of 6.37% between 2018 and 2019. The state has world heritage sites at Hampi and Pattadakal. The sector
contributes 14.8% to GSDP of Karnataka; plans are afoot to expand to 26% by 2020.
Source: Economic Survey of Karnataka 2019-20, Karnataka State Budget 2020-21, Ministry of Tourism,GoI,**2019 - 20 As per 2ndAdvance Estimates.
4
INTRODUCTION 5
Karnataka fact file
Bengaluru
Capital 319 persons per sq km 61.1 million
Population density total population
192,000 sq.km.
geographical area 68.1% 82.5%
Female literacy rate Male literacy rate
Source: Maps of India
973:1000
Sex ratio
75.6% administrative districts: 30 (females per 1,000 males)
Key Insights literacy rate
• Karnataka is located in the southern region of India. The state is surrounded by the Arabian Sea in the west, Goa in the northwest, Maharashtra in
the north, Andhra Pradesh in the east, Tamil Nadu in the southeast, and Kerala in the southwest.
• Languages spoken are Kannada, Tulu, Kodava, Hindi and English.
• Some of the prominent cities in the state are Ankola, Bengaluru, Bagalkot, Belgaum, Bidar, Bijapur, Chikmagalur, Chitradurga, Dandeli, Hubli-
Dharwad, Mangalore, Mysore and Shimoga.
• Karnataka has a tropical climate with three major seasons: warm and dry from February to May, monsoon from June to October and winter from
November to January.
Source: Economic Survey of Karnataka 2019-20, Census 2011 Office of Registrar General, India.
6
Advantage: Karnataka
Policy support
Infrastructure • Wide range of fiscal and policy incentives for
• Well-developed social, physical and businesses under the Karnataka Industrial
industrial infrastructure and substantial port Policy, 2020-25 with simplified procedures for
infrastructure. investment.
• Well-developed telecom infrastructure. • In January 2017, Karnataka Department of
• Excellent healthcare facilities. Commerce and Industries introduced an NRI
policy to attract investments from non-resident
Kannadigas.
High economic growth Rich talent pool
• Karnataka is termed as the
• The state’s GSDP
Knowledge Capital of India.
expanded at a CAGR of
• The state has successfully
9.76% between 2015-16
attracted skilled labour, especially,
and 2020-21.
in the knowledge sector. Karnataka
• Buoyant services (IT,
is among the states that produce a
tourism) and industries
large number of doctors, engineers
driving economic growth.
and medical technicians in the
• Sector specific SEZs and
country.
SIRs facilitating growth.
Source: Ministry of Statistics and Programme Implementation, News articles
7
Karnataka in figures
Karnataka’s Contribution to Indian Economy (2018-19) Physical Infrastructure in Karnataka
GSDP GSDP as a percentage of all states’ GSDP Installed power capacity (MW) (as of February
India: 100.0 | Karnataka: 7.93 2021)
India: 379,130.41 | Karnataka: 30,056.48
GSDP growth rate** (%) Wireless subscribers (million) (as of January
India: 10.5 | Karnataka: 9.76 2021)
India: 1,163.41 | Karnataka: 67.45
Per capita GSDP* (US$) Internet subscribers (in June 2020) (million)
India: 1877.76 | Karnataka: 3,392 India: 749.07 | Karnataka: 46.11
National highway length (km) (as of March 2019)
Social Indicators
India: 132,499.5 | Karnataka: 7,334.8
Literacy rate (%)
India: 73.0 | Karnataka: 75.6 Major and minor ports (No.)
India: 13+187 | Karnataka: 1 + 10
Birth rate (per 1,000 population) (2018) Airports (No.)
India: 20.0 | Karnataka: 17.2 India: 125 | Karnataka : 5
Industrial Infrastructure Investments
Operational PPP projects (No.) Cumulative FDI equity inflows (from October
India: 1,824 | Karnataka: 139
2019 to December 2020) (US$ million)
Operational SEZs (No) (as of February 2020) India: 75,351.56 | Karnataka: 10,659.45
India: 240 | Karnataka: 32
Note: GSDP, per capita GSDP figures are taken at current prices, For source refer to Annexure
8
Karnataka Vision 2022
8 POOR AND BACKWARD
1 INFRASTRUCTURE
• Build infrastructure to boost productive
CLASSES
potential of the economy. • Increase rural incomes through
• Various metro rail and mono rail greater viability of agriculture and
projects are in progress. allied activities.
2 EDUCATION/
1 8 • Bridge the gap between socially
backward and vulnerable groups and
rest of the people.
SKILL DEVELOPMENT
• Develop the state as a vibrant
2 7
knowledge society. 7 HEALTHCARE/
• Focus on job oriented growth through SOCIAL AMENITIES
skill development of the workforce.
• Improve access and availability of
quality healthcare for all.
3 GOVERNANCE 6 TOURISM
• Better governance through wider
3 6
participation and deep democratic • Preserve and promote Karnataka’s
decentralisation. rich heritage.
• Encourage transparency and • Karnataka Tourism Vision Group
accountability. (KTVG) was set up in October 2013 to
advise on promoting tourism in state.
4 INDUSTRY
• Build and sustain Bangalore’s
4 5 5 WOMEN
leadership in science, technology and EMPOWERMENT
knowledge based industries.
• Enhance opportunities and empower
• Achieve a sustainable and orderly
women across economic, social and
process of industrialisation and
political spheres.
urbanisation.
9
ECONOMIC SNAPSHOT 10
Economic snapshot – GSDP
GSDP at current prices GSDP per capita at current prices
CAGR 9.76% 4,000 CAGR 8.95% 300000
250 18
3,500
16 250000
3,496
16.65
231.09
3,392
16.29
225.99
249,947
246,419
3,252
3,000
3,189
200
213.28
14
207.43
14.91
227,299
200000
2,773
205,499
2,500
13.37
12
180.00
2,487
186,072
12.08
150
159.67
10 2,000 150000
162,796
10.45
8 1,500
100 100000
6
1,000
50 4 50000
500
2
0 0 - 0
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
US$ billion Rs. trillion US$ Rs.
At current prices, Karnataka’s gross state domestic product (GSDP) The state’s per capita GSDP was Rs. 249,947 (US$ 3,392) in 2020-
stood at Rs. 16.65 trillion (US$ 225.99 billion) in 2020-21. 21.
The state’s GSDP increased at a CAGR of 9.76% between 2015-16 The per capita GSDP (in Rs.) increased at a CAGR of 8.95%
and 2020-21. between 2015-16 and 2020-21.
Note: Exchange rates used are averages of each year, provided on page 53
Source: Directorate of Economics & Statistics of Karnataka, Central Statistics Office
11Economic snapshot – NSDP
NSDP at current prices NSDP per capita at current prices
CAGR 8.90%
CAGR 9.71%
240 16 3600 240000
15.11
226,796
14 210000
223,175
14.75
200 3000
3,166.05
209.29
205.06
205,697
3,077.70
13.49
2,943.15
12 180000
2,892.24
193.01
188.16
186,405
12.13
160 2400
169,898
2,532.39
150000
11.03
164.35
10
2,262.57
148,108
145.26
9.51
120 8 1800 120000
90000
6 1200
80
60000
4
600
40 30000
2
0 0
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
0 0
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
US$ Rs.
US$ billion Rs. trillion
The net state domestic product (NSDP) of Karnataka was recorded The state’s per capita NSDP in 2019-20 was Rs. 226,796 (US$
at ~Rs. 15.11 trillion (US$ 205.06 billion) in 2020-21. 3,077.70).
The state’s NSDP expanded at a CAGR of 9.71% between 2015-16 The per capita NSDP (in Rs.) increased at a CAGR of 8.90%
and 2020-21. between 2015-16 and 2020-21.
Note: Exchange rates used are averages of each year, provided on page 53
Source: Directorate of Economics & Statistics of Odisha, Central Statistics Office, Economic Survey 2019-20
12Economic snapshot – Percentage distribution of GSVA
In 2019-20, the tertiary sector contributed 66.53% to the state’s Visakhapatnam
GSVA composition
port trafficby
(million
sectortonnes)
GSVA at current prices, followed by secondary (19.79%) and
primary (13.68%) sectors.
100%
CAGR*
At a CAGR* of 11.52%, primary sector was the fastest growing
90%
among the three sectors between 2015-16 and 2020-21.
Tertiary sector rose at a CAGR* of 10.50 % between 2015-16 and 80%
2020-21. This was driven by trade, hotels, real estate, finance,
70%
insurance, transport, communications and other services. 64.04% 10.50% 66.53%
Secondary sector increased at a CAGR* of 6.05% between 2015-16 60%
and 2020-21. This was driven by manufacturing, construction and
50%
electricity, gas and water supply segments.
40%
30%
23.39% 6.05% 19.79%
20%
10%
12.57% 11.52% 13.68%
0%
2015-16 2019-20
Primary Sector Secondary Sector Tertiary Sector
Note: *CAGR in Rs. term
Source: Directorate of Economics & Statistics of Karnataka, Central Statistics Office, Sector-wise %, share of GSDP
13Economic snapshot – FDI inflow & investments
Investment intentions in terms of IEMs filed, LOIs/DILs issued in FDI Inflow to Karnataka (US$ billion)
Karnataka
50 8.94 46.61
300.0
40 6.73
285
250.0 8.57
251
6.45
200.0 30
4.12 2.13
194
150.0 20 3.44
1.89
142
100.0 2.55
23.93
23.50
22.42
120
8.23
13.25
11.95
106
10
4.84
50.0
0.0 0
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY01-11
FY01-20
2015 2016 2017 2018 2019 2020
Number of Investment Intentions Proposed Investments (US$ Billion)
Karnataka has a stable political environment and ranked third in terms of attracting private sector investments in India. According to Department
for Promotion of Industry and Internal Trade (DPIIT), the state’s cumulative FDI inflows stood at US$ 10.66 billion between October 2019 and
December 2020, the third highest in India after Gujarat and Maharashtra, and accounted for 14% of India’s cumulative FDI inflows.
In 2020, 120 investment intentions worth Rs. 162,492 crore (US$ 22.42 billion) were filed in Karnataka.
Source: Department for Promotion of Industry and Internal Trade, Directorate of Economics and Statistics, Government of Karnataka
14Economic snapshot – Export
Merchandise Export from Karnataka (US$ billion) Principal Commodities Exported in FY21*
25.00
Iron & Steel
23.62
20.00 8% Petroleum products
19.26 19.68 5%
18.05 17.36 5%
15.00 16.64 Electronics instruments
5%
13.20
5% RMG cotton including
10.00
accessories
4%
Drug formulations,
5.00 68% biologicals
Electronics Components
0.00
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21*
Others
Iron & steel is the top exported item from Karnataka, accounting for ~8% of the total exports in FY21*, followed by petroleum products (5%) and
electronics instruments (5%).
Merchandise exports from the state reached US$ 16.64 billion in 2019-20 and US$ 13.20 billion in 2020-21.
Karnataka is home to over 5500+ IT/ITES companies and ~750 MNCs which contribute more than Rs. 58 lakh crore (US$ 58 billion) of exports,
giving direct employment to over 1.2 million professionals and creating over 3.1 million indirect jobs.
Note: *- until January 2021
Source: Directorate General of Commercial Intelligence and Statistics, Ministry of Commerce and Industry
15PHYSICAL INFRASTRUCTURE 16
Physical infrastructure – Roads
Road infrastructure in Karnataka (km)
Road type 2019-20
National highways
7,335
(March 2019)
State highways* 27,163
Major district roads* 55,515
Municipal roads* 8,366
Rural roads* 177,542
Source: Maps of India
Karnataka provides efficient public transport to people of different income groups across the state as well as in neighbouring states. The state has
a total of 275,158 km of road area. The national highways run for around 7,335 km and the state highways extend as much as 27,163 km.
Public Works Department (PWD) of the state is using hi-tech vehicles to help in improvement of roads. The vehicles will be used to check the
status of 20,000 km of core roads in the state according to the department.
As per Budget 2020-21, Rs. 519 crore (US$ 70 million) has been allocated towards state highways and Rs. 849 crore (US$ 115 million) towards
district and other roads.
On December 19, 2020, the Union Minister for Road Transport & Highways Mr. Nitin Gadkari inaugurated and laid the foundation for 33 national
highway projects in Karnataka. These projects include 1,197 km long roads worth Rs. 10,904 crore (US$ 1.48 billion).
Note: * 2016-17
Source: Ministry of Road Transport & Highways, Government of Karnataka, State Budget, 2020-21
17Physical infrastructure – Railways
Status of Rail projects in Karnataka (2019-20) Status of Bangalore Metro Rail projects (2019-20)
Railway project Track Length (kms) Status
Metro Railway
Track Length (kms) Status
Land acquisition is project
Chikkamagalur-
46.0 in
Sakaleshpura
progress
Land acquisition is Completed on
Bagalkot-Kudachi 144.0 in Phase - 1 42.3
17.06.2017
progress
Land acquisition is
Tumkur-Rayadurga 102.6 in Phase - 2 72.1 Under progress
progress
Land acquisition is Phase - 3 105 (Proposed) Under preparation
Gadag-Wadi 252.5 in
progress
Karnataka is well connected to other parts of the country through the railways. The state has a railway network of 3,540 kms.
In Union Budget 2018-19, the Government approved for 160 kms rail network sum of Rs. 17,000 crore (US$ 2.53 billion) for the growth of
Bengaluru metropolis and was to be executed by both State and Central Government in 50:50 ratio.
In Budget 2019-20, a feasibility study to develop 105.55 kms new metro lines (Phase-3) has been proposed.
In January 2021, Union Minister of Road Transport & Highways Mr. Nitin Gadkari laid the foundation stone for two national highway projects in the
Hubli-Dhadwad district. The new road projects are to be built at a cost of Rs. 323 crore.
Source: Economic Survey of Karnataka, 2019-20, State Budget 2018-19
18Physical infrastructure – Airports
Karnataka airport statistics (FY21*)
Passenger Aircraft Freight
Airport
traffic (No.) movement (No.) (tonnes)
Bangalore 4,847,588 54,830 197,530
Mangalore 206,211 2,523 1,541
The state has five domestic airports. These are located in Bengaluru, Mangalore, Hubli, Mysore and Belgaum. In March 2017, the
Government gave ‘in principle’ approval for construction of an airport at Shimoga.
International flights operate from the airports at Bengaluru (Kempegowda International Airport), the country’s first greenfield international
airport, has been developed at Devanahalli in Bengaluru as a passenger and cargo department hub and Mangalore (Mangalore International
Airport).
In December 2019, the New South Parallel Runway (NSPR) at Kempegowda International Airport became operational. This will enable the
airport to handle around 35 million passengers per year. The airport became the first in country to operate independent parallel runways,
enabling aircraft to land and take off simultaneously on both runways.
Note: * Till November 2020
Source: Airport Authority of India
19Physical infrastructure – Ports
There are 13 ports in Karnataka, of which New Mangalore is a major port. New Mangalore Port is the ninth major port in India with the
deepest inner harbour on the west coast.
The state Government has initiated the work on development of Pavinakurve port, under PPP mode, in the district of Uttar Kannada. The
draft concessional agreement and pre-feasibility report preparations related to the port are under process.
The work on development of the second stage of Karwar port has been initiated under the concept of D-BOOST in PPP mode.
Ports
Cargo handled by new port in Mangalore (in ‘000 tonnes)
Major ports New Mangalore Port
Karwar
50000
Belekeri
Tadri 40000
42,055
39,940
39,145
38,487
Honavar
35,590
30000
Bhatkal
Minor ports
25,790
Kundapur 20000
Hangarkatta 10000
Malpe
0
Padubidri
FY16 FY17 FY18 FY19 FY20 FY21
Old Mangalore
Source: Indian Port Association
20Physical infrastructure – Power
Karnataka was one of the first Indian States to implement power Installed Power Capacity (GW)
sector reforms. The Karnataka Electricity Regulatory Commission
(KERC) was established as a regulatory authority of the State's 35.00
Power Sector.
30.00
30.06
As of February 2021, the state had an installed power generation
29.85
28.10
capacity of 30,056.48 MW. Of this, central utilities contributed
26.70
25.00
4,047.70 MW, private utilities (17,208.30 MW) and state utilities
20.00
21.31
(8,800.49 MW).
Of the total installed power generation capacity, 10,343.40 MW was 15.00
contributed by thermal power, followed by nuclear (698.00 MW),
10.00
renewable power (15,428.48 MW) and hydropower (3,586.60 MW).
5.00
As per State Budget 2020-21, Rs. 9,115 crore (US$ 1,245 million)
has been allocated towards subsidies to Karnataka Electricity Board.
0.00
FY17
FY18
FY19
FY20
FY21*
Note: MW- Megawatt, * Until February 2021
Source: Central Electricity Authority, News Articles
21Physical infrastructure – Renewable Energy
Karnataka Renewable Energy Development Limited (KREDL) was established in 1996 to promote the development of renewable energy sources
in the state
Karnataka is endowed with high renewable energy potential such as wind, hydro, solar, tidal & geothermal energy resources. It is now India’s top
solar photovoltaic (PV) state as it crossed the 5GW mark in the first quarter of 2018.
By November 2020, installed wind energy capacity was recorded at 4,859.54 MW. Wind energy accounted for 32.42% of the total installed
capacity recorded in this period.
The state has a solar energy potential of 10,000 MW. Karnataka Solar Policy 2014-2021 plans to add solar generation of minimum 2,000 MW by
2021. The total capacity installed for solar energy stood at 7315.87 MW as of November 2020.
Progress in Renewable Energy as of November 2020
No. Renewable energy source Capacity allotted (MW) Installed capacity (MW)
1 Wind 18,540.57 4859.54
2 Hydro 3010.25 903.46
3 Synergistic 2,212.65 1,731.16
4 Chemistry Biological 395.13 139.03
5 Solid Waste 51.00 0.00
6 SolarGrid 9,820.95 7,354.03
Grand total 34,030.55 14,987.22
Source: KREDL, Central Electricity Authority, Karnataka Renewable Energy Policy, Ministry of New and Renewable Energy (MNRE),
22Physical infrastructure – Telecom
Telecom Infrastructure (as of January 2021) Performance status of Bharat Net Project
Wireless subscribers 67,446,937 No. of GPs (service ready) (as of November
6,247
2020)
Wireline subscribers 2,150,628
Internet subscribers (as of June 2020)
46.11
(million)
Teledensity (in %) 104.19
Karnataka is the seventh largest wireless telecom market in India. The entire state is networked through optical fibre cables (OFCs) of the
state-owned company, Bharat Sanchar Nigam Limited (BSNL), as well as private companies such as Bharti, Reliance, VSNL and TATA
Tele Services. The state Government is planning to provide technology at the gram panchayat level by providing free Wi-Fi to the youth.
According to the Telecom Regulatory Authority of India (TRAI), there were 67.45 million wireless and 2.15 million wireline subscribers in
Karnataka, as of January 2021.
By January 2021, 46.63 million subscribers had submitted requests for mobile number portability in Karnataka.
Source: Telecom Regulatory Authority of India, Bharat Broadband Network Limited (BBNL)
23Physical infrastructure – Urban Infrastructure
Karnataka is among the top ten most urbanised states in India. Seven
Fund classification under each component of AMRUT for
Karnataka (as on January 2019) (US$ million)
cities of Karnataka have been selected under the Smart Cities Mission
to be developed as smart cities. IT has ten city corporations, 57 city Total allocation Committed Sanctioned Central
for projects* Central Central Assistance
municipal councils, 113 town municipal councils, 90 town panchayats &
Assistance Assistance released since
4 notified area committees. 2015
In 2019-20, under Vajpayee Housing Scheme 5,705 houses have been 686.47 321.38 196.80 162.77
completed (as of November 2019), while 233 and 3,005 houses have
Water supply Sewerage system
been constructed (as of November 2019) as part of Devarajurs Housing
The Karnataka Urban Water
Scheme and Dr. B.R. Ambedkar Nivasa Yojane, respectively.
Supply and Drainage Board
(KUWSDB) has implemented The Bengaluru Water Supply
The state is projected to reach an urban population proportion of 50%
surface-based drinking water and Sewerage Board
by 2026. Some of the key areas of development are roads and flyovers, supply schemes in 231 urban (BWSSB) is responsible for
water supply, storm-water drainage, sewerage and urban transport. As areas to provide assured safe providing water supply,
per budget 2020-21, Rs. 13,749 (US$ 1.87 billion) has been proposed drinking water. sewerage system & sewage
disposal in the Bengaluru
for water supply, sanitation, housing and urban development. KUWSDB is implementing five
Metropolitan area.
schemes at Malur, Bangarpet,
Under the State Budget 2020-21, sectors such as irrigation and flood Gajendragad, Naregal and In 2019-20, there were 49
Anekal to shift their water ongoing underground drainage
control (29%), rural development (23%) and water supply, sanitation,
source from ground water to (UGD) schemes at a budget of
housing and urban development (13%) saw the highest increase in the assured surface water Rs. 520.18 crore (US$ 74
budget allocations. source. All these schemes will million).
be completed by December
2020.
Note: * Including state share
Source: JNNURM, Ministry of Urban Development, Economic Survey of Karnataka 2019-20, PRS Legislative Research, State Budget 2020-21
24SOCIAL INFRASTRUCTURE 25
Social infrastructure – Education
In terms of the number of universities, Karnataka ranks fifth among
all Indian states and union territories, with 65 universities. Of these, Karnataka education statistics (2019-20)
28 are state public universities and 11 are private deemed
universities. Lower primary: 24,316
Number of schools Higher primary: 38,003
The state has 4,519 pre-university colleges to impart general Secondary schools: 16,808
education. There are more than 1 million students in the
Lower primary: 1.93
pre-university colleges. School dropout rate (in %)
Higher primary: 2.94
The state has a literacy rate of 75.6%, the male literacy rate is 82.8% Average: 23.18:1
and the female literacy rate is 68.1%. Pupil-teacher ratio Private Aided schools: 55.48:1
Unaided schools: 31.61:1
Under the State Budget 2020-21, Rs. 371 crore (US$ 50 million) has
been allocated to child welfare and Rs. 179 crore (US$ 25 million) Educational infrastructure (2019-20)
towards women’s welfare.
In January 2021, the Karnataka education department announced Institute type Number Enrolments
that for 2020-21 school year, tuition fees will be reduced to 70%
Medical colleges 52 6,753
across school boards and no other fees (such as term fees or school
development fees) will be charged by schools. Ayurvedic colleges 58 4,085
Homoeopathic colleges 15 1,190
Karnataka is home to several premier institutions:
Unani colleges 04 240
Indian Statistical Institute.
Naturopathy & Yogic Sciences
08 600
Indian Institute of Science. (BNYS)
Indian Institute of Management. Dental colleges 38 2,487
National Law School of India University. Pharmacy colleges 61 4,784
Institute for Social and Economic Change Nursing colleges 323 19,415
Source: Economic Survey of Karnataka 2019-20, Census 2011, State Budget 20-21
26Social infrastructure – Health
Health Indicators, 2018 (As per SRS Bulletin May 2020)
Karnataka has made tremendous effort in improving the health status of
its people in the last few decades. The State has made substantial 1
Birth rate 17.2
progress in building credible health infrastructure with a wide 1
Death rate 6.3
institutional network providing health services both in urban and rural
2
areas. Infant mortality rate 23
Natural Growth Rate 10.9
The State has 63 district Hospitals, 555 sub district Hospitals and 31
Autonomous and Teaching Hospitals and 146 Taluk / General
Life expectancy at birth (years)
Hospitals in the state.
Male (2015) 63.6
According to the State Budget 2020-21, Rs. 1,433 core (US$ 195
Female (2015) 67.1
million) has been allocated towards urban health services and Rs.
1,413 crore (US$ 193 million) towards rural health services.
No of institutions Total Facilities (May 2020)
Programmes under AYUSH health care services:
Sub Centers 9,613
AYUSH Health camp.
Community Health
321
District and Taluk Seminars / Workshop. Centres
Home remedy and Ayush awareness. Primary Health Centres 2,649
Diabetic control programme. Sub District Hospitals 555
School health programme. District Hospital 63
AYUSH health expo. Total Institutions 13,201
Source: Economic Survey of Karnataka 2019-20,Ministry of Health & Family Welfare, Sample Registration System (SRS) Bulletin May, 2020, 1Per thousand persons,2Per thousand live
births.
27INDUSTRIAL INFRASTRUCTURE 28
Industrial infrastructure: SEZs and industrial estates
Sector-wise Operational SEZs In Karnataka
As of February 2020, the state has 32 operational, 52 notified SEZs
(as of February 2020)
and 63 formally approved SEZs. The Karnataka Industrial Areas
Development Board has developed 141 industrial areas spread
IT/ITeS
across the state. The state plans to develop and upgrade eight
clusters around Bengaluru with an investment of US$ 348.4 million in Biotechnology
3%
coming years.
3% Hi-tech Engineering Products
3% 3% and related services
The Karnataka State Industrial & Infrastructure Development 3%
3% Electronics Hardware and
Corporation has promoted more than 135 start-up ventures in the Software/ITES
3%
state through equity participation and has provided debt to core 4% Aerospace and Industry
industries such as steel, cement, mining and textiles, as well as new
Pharmaceuticals
sectors such as IT, aerospace and telecom.
75%
Textile
Karnataka is the first in the country to provide bespoke policy
ecosystem for automobile sector .The state has introduced a Multi Product
comprehensive and well-designed Electric Vehicle and Energy
Precision Engineering Product
Storage Policy.
Source: Department of Commerce, Ministry of Commerce & Industry
29KEY SECTORS 30
Key sector – IT and IT- enabled services…(1/2)
Karnataka has emerged as an information technology (IT) hub of Electronics and software exports from Karnataka (US$ billion)
India. Bengaluru is the fourth largest technological cluster in the
world after Silicon Valley, Boston and London.
About 50% of the world's SEI CMM Level 5 certified companies are
90.00
located in Bengaluru.
80.00
The state is India’s largest software exporter, with electronics and
computer software exports totalling to US$ 77.9 billion in 2018-19 77.9
70.00
and reached US$ 42.5 billion during 2019-20 (till November 2019).
60.00 62.7
Karnataka has 47 IT/ ITeS SEZs and dedicated IT investment 60.5 61.4
regions. There are 3,500 IT companies in the state. The state houses 50.00
550,000 IT professionals or 1/3rd of the total IT professionals in the
country. 40.00 42.5
In November 2020, the Government of Karnataka launched the 30.00
‘Beyond Bengaluru’ initiative to build innovation and technology
ecosystem beyond the capital city. 20.00
In November 2020, the government announced eight MoUs with 10.00
various organisations from the Global Innovation Alliance (GIA)
partner countries across the AI, IoT, cybersecurity, biotech and 0.00
2015-16
2016-17
2017-18
2018-19
2019-20
semiconductor sectors.
Source: : Economic Survey of Karnataka 2019-20
31Key sector – IT and IT- enabled services…(2/2)
Wipro has presence in areas such as IT services, product engineering, technology infrastructure services, BPO
and other consulting solutions. Based in Bengaluru, the company has 72 plus global delivery centres and 50 plus
industry-specific centres of excellence in more than 54 countries. In September 2009, the company launched its
centre of excellence at its Electronic City campus to work with other leading IT firms for developing innovative IT
solutions.
Wipro Ltd
Infosys Technologies Ltd was set up in 1981. The company operates in areas such as IT consulting, modular
global sourcing, process re-engineering and BPO services. The company has 11 operation centers at multiple
Infosys locations in Bengaluru, Mangalore and Mysore.
Technologies Ltd
Genpact was set up in 1997 in India. Formerly known as GE Capital International Services. The company provides
a wide range of business process, technology and knowledge services including finance and accounting,
collections and customer relations, insurance, procurement and supply chain, analytics, software and IT
infrastructure. The company has one office in Bengaluru in Karnataka.
Genpact
Accenture is a global management consulting, technology services and outsourcing company with approximately
275,000 people serving clients in more than 120 countries.
Accenture
32Key sector – Metals and mining
Mineral Production in Karnataka
Iron & Steel Exports from Karnataka (US$ million)
Mineral 2018-19 2019-20**
2000
1500 Iron Ore (total) (‘000
1,536 29,796 29,961
tonnes)
1000 1,169 1,203
1,088
Gold (total) (kgs) 1,661 1,572
500 745
600
341 Silver (kgs) 204 172
0
FY15 FY16 FY17 FY18 FY19 FY20 FY21* Limestone (‘000
34,303 31,716
tonnes)
Karnataka is rich in mineral resources, which are spread over 1.92 lakh sq. kms and has >40,000 sq. kms. of green stone belt, which is a
treasure trove of several mineral deposits and indicates occurrence of polymetallic deposits, diamonds and gold.
In 2019-20**, Karnataka was the third-largest producer of iron ore in India, followed by Maharashtra and Chhattisgarh
Total value of all minerals produced (excluding fuel & atomic minerals) was Rs. 8,741 crore (US$ 1.24 billion) in 2018-19.
In 2019-20, the total export value of iron & steel in Karnataka was US$ 1,202.77 million and reached US$ 1,088.21 between April 2020 and
January 2021.
Note: * Until January 2021; ** till February 2020
Source: Indian Bureau of Mines
33Key sector – Engineering…(1/2)
Engineering products exports (US$ billion)
The engineering industry in Karnataka has positive prospects, given
(Up to November 2019)
its performance.
6.00
The state exported engineering products worth US$ 4.78 billion in
2018-19 and reached US$ 2.75 during April-November 2019.
5.40
5.00
The state is exporting engineering products to Germany, China, 4.78
South Korea, Brazil, USA, Malaysia, Thailand, South Africa and
4.00
Singapore. Most of the exporters in state are based in Bengaluru, 4.09
Hubli, Mysore, Belgaum, Mangalore, and Shimoga
3.00
3.08
Exports include machine tools, industrial machinery, cutting tools,
2.75
castings, automotive components, electrodes, welding equipment,
2.00
construction and earthmoving equipment, and helicopter spares.
1.00
0.00
2015-16 2016-17 2017-18 2018-19 2019-20
Source: : Visvesvaraya Trade Promotion Centre, Government of Karnataka
34Key sector – Engineering…(2/2)
BEML Limited (formerly Bharat Earth Movers Limited) was established in 1964. BEML manufactures a wide range
of earth moving and other heavy industrial equipment for the mining and civil engineering industries.
BEML has a registered office in Bengaluru and units in Kolar Gold Fields, Mysore and Bengaluru.
BEML Limited
HMT was established in 1953. The company manufactures various types of machine tools including watches,
tractors, printing machinery, metal forming presses, die casting & plastic processing machinery, CNC systems &
bearings.
HMT Ltd
Saint-Gobain India was established in India in 1996. The group has eight manufacturing plants in India (including
Bangalore) for various products ranging from glass to engineering products.
In 2019, the company registered sales worth US$ 1.1 billion.
Saint-Gobain India
35Key sector – Automotive and aerospace…(1/2)
Automotive
Karnataka has a huge local market with over 14 million registered vehicles. Over 400 R&D centres and 200 engineering colleges are
driving innovation in the state.
The state is the fourth-largest automobile producer in India, contributing 8.5% to the total national automobile output. The state has
presence of auto clusters at Dharwad, Belagavi, Shivamogga, Ramanagara and Bengaluru Rural.
The state is also home to Reva Mahindra, the first indigenously built electric car in the country, and key OEMs such as Toyota, Volvo,
Honda, Scania and TVS.
In February 2021, Tesla announced that it would be setting up a manufacturing plant in Karnataka for production of electric cars.
Aerospace
Karnataka is known as the pioneer in the Indian aerospace industry after the establishment of Hindustan Aeronautics Limited (HAL) in
Bangalore in 1940. Karnataka produces more than a quarter of India’s aircrafts and space crafts. The state is exporting aerospace
products to US, UK, Germany, Russia Mauritius, Malaysia, Nepal, Oman and Ecuador.
The state contributes 65% to aerospace-related exports from India. Last year, Karnataka Government has given approval for investment
of Rs. 480 crore (US$ 68.67 million) to Goodrich Aerospace Service Pvt Ltd to establish a unit in Bengaluru.
India’s first aerospace SEZ of 300 acres is operational at Belgaum. Aerospace Technology Centre (ATC) in Bengaluru would be
established under the PPP model.
It is the first state in the country to introduce a dedicated Aerospace policy (2017-23). Furthermore, it contributes to 67% of country’s
helicopter and aircraft for Defence Services.
Source: : Invest India, Invest Karnataka, Economic Survey of Karnataka 2019-20
36Key sector – Automotive and aerospace…(2/2)
Volvo India has a state-of-the-art bus manufacturing unit near Bengaluru. The Volvo Group has ~104,000
employees worldwide, production facilities in 18 countries and sales activities in more than 190 countries.
The Hoskote plant at Bengaluru has an installed production capacity of 1,500 buses per annum .It has strong
association with Karnataka.
Volvo India
Delphi India was incorporated in 1995 as a wholly owned subsidiary of Delphi. The company is a leading global
supplier of electronics & technologies for automotive, commercial vehicles and other market segments.
Delphi Automotive Delphi India has a technical centre in Bengaluru, which is the largest technical centre outside the US.
Systems Pvt Ltd
In India, Boeing is represented through its wholly owned subsidiary, Boeing International Corporation India Private
Limited (BICIPL).
Boeing established its first R&D centre in India - the Boeing Research & Technology Centre - in Bengaluru in
2009. The centre develops high-end technology solutions, particularly in the areas of aero structures and avionics.
Boeing
Hindustan Aeronautics Limited (HAL) is ranked 40th in Flight International's list of the World’s Top 100 aerospace
companies in 2008.
HAL, headquartered in Bangalore, has 20 production units and 11 R&D centres in eight locations across the
country.
HAL
37Key sector – Agro and food processing
Coffee exports from Karnataka (US$ million) Production of major crops in Karnataka (‘000 tonnes)
600 Crop 2018-19 2019-20**
500 Rice 3458 3,463
507
400 443 Wheat 163 143
300 360
320 310 Nutri/Coarse Cereals 9200 10,203
200
Pulses 1,846 1,737
100
Total Food Grains 11,046 11,940
0
2016-17
2017-18
2018-19
2019-20
2020-21*
Total Oilseed 792 1,073
Sugarcane^ 42,411 39,600
Karnataka, with a good agricultural base including various food crops, offers immense scope for the development of food processing industries.
Karnataka is the largest producer of coffee & cocoa in the country.
In 2019-20**, the total oilseed production in the state was ~1 million tonnes. Production of cereals and pulses in the state was estimated to be
10.2 million tonnes and 1.7 million tonnes, respectively, during the same period
In 2019-20, the total production of sugarcane in the state was 39.6 million tonnes.
Karnataka is the first state to go online mandis, which would integrate 150 mandis on a single online platform.
Note: ^sugarcane production for the harvested area during the year, ,*- until March 2021,**2019 - 20 As per 2ndAdvance Estimates.
Source: : Economic Survey of Karnataka 2019-20, Directorate General of Commercial Intelligence and Statistics
38Key sector – Agro and food processing…(2/2)
Hindustan Unilever Limited (HUL) is India's largest fast-moving consumer goods (FMCG) company, with
leadership in home & personal care products and foods & beverages. The company recorded revenue worth US$
5.4 billion in 2019-20, with >18,000 employees nationwide.
The company has a manufacturing plant and an R&D centre at Bengaluru.
Hindustan Unilever Ltd
Nestle has been in India for almost a century, with seven production facilities across the country, including one at
Nanjangud, Karnataka. The company produces chocolates and confectionaries, prepared dishes and cooking
aids, beverages and milk products and nutritional supplements.
Nestle India
Britannia is a leading food processing company in India. The company manufactures food products such as
biscuits, cheese and bread. Based in Bengaluru.
Britannia
Industries Ltd
United Breweries Limited (UBL) is a flagship company of the UB Group. The company is also referred to as the
beer division of the UB Group and is based in Bengaluru.
The company has around 2,489 employees and manufactures products primarily under the Kingfisher, London
Pilsner and UB Premium Ice brands.
United Breweries Ltd
39KEY PROCEDURES AND POLICIES 40
Contact list
Agency Contact information
No 49, South Block, Khanija Bhavan
Race Course Road
Bengaluru - 560 001
Department of Industries and Commerce
Phone: 91-80 2238 9901-08
(DIC)
Fax: 91-80-2238 9909
E-mail: commissioner@karnatakaindustry.gov.in
Website: www.karnatakaindustry.gov.in
No 49, South Block, Khanija Bhavan
East Entrance, Race Course Road
Bengaluru - 560 001
Karnataka Udyog Mitra Phone: 91-80-2228 2392/5659,
(KUM) Fax: 91-80-2226 6063
E-mail: md@kumbangalore.com
Website: www.kum.karnataka.gov.in
41Key investment promotion offices
Agency Description
District Level Single Window Clearance Functions under the chairmanship of respective Deputy Commissioners for industrial projects for
Committee (DLSWCC) investments less than US$ 0.65 million.
State Level Single Window Clearance Functions under the chairmanship of Minister for Large and Medium Industries for investments
Committee (SLSWCC) that range between US$ 0.65-10.9 million.
State High Level Clearance Committee Functions under the chairmanship of the Chief Minister for projects involving investment of more
(SHLCC) than US$ 10.9 million.
Nodal agencies for approval of projects at the district level.
District Industries Centres
Primary focus is to promote small scale, village and cottage industries.
Various sector specific departments such as Department of Tourism, Department of Information
Other departments Technology and Biotechnology, Department of Food Processing, Department of Textiles and
Department of Mines and Geology.
42Key approvals required…(1/2)
Approvals and clearances required Departments to be consulted
Registration, Industrial Entrepreneurs Memorandum Department of Industries and Commerce Department,
(IEM), Industrial Licenses Karnataka Udyog Mitra (Single Window Agency)
Allotment of Land/Shed in Industrial Estates or
Karnataka Industrial Areas Development Board
Industrial Areas
State Department of Industries, Department of Town and
Permission for land use
Country Planning
State Pollution Control Board and Ministry of Environment
Site environmental approval
and Forests
No objection certificate under Water and Air Act Karnataka State Pollution Control Board
Approval for construction activity and building plan Development Authority/Urban Local Body
Sanction of power State Electricity Board
Source: Commissionerate of Industries
43Key approvals required…(2/2)
Approvals and clearances required Departments to be consulted
No objection certificate Fire Department and Directorate of Factories and Boilers
Provisional trade tax registrations Central and State Excise Departments
Registration under Central Sales Tax Act Central and State Excise Departments
Permanent Trade Tax registration Central and State Excise Departments
Registration under Central Sales Tax Act, 1956 Central and State Excise Departments
Department of Industries and Commerce and respective
Registration
sector departments such as IT/BT/Tourism etc.
Source: Commissionerate of Industries
44Cost of doing business in Karnataka
Cost parameter Cost estimate
Industrial land (US$ per hectare) 129,191.51
Metropolitan area: 12.13
Power cost (US cents per kWh)
Non metro area: 8.7
Labour (US$/man year) 1,522
Occupation costs (US$/sq ft/year) 16.44
Employee cost (US$/ man year)
Software developers 6,383
Team leads 14,893
Architects 21,276.5
Project managers 31,915
45Electronics systems design and manufacturing policy 2017–22
Electronic Systems Design and Manufacturing (ESDM) is the fastest growing segment of the Information and Communications Technology (ICT)
sector.
According to Ministry of Electronics and Information Technology (MeitY), ESDM to be a part of national IT policy to encourage state to come up
with more productive policy which could attract more private investment in ESDM sector.
As per the National Electronics Policy - 2012 (NEP-2012), ESDM is expected to grow to US$ 400 billion by the year 2020 and will generate a total
employment of over 28 million.
The objective of the Karnataka ESDM Policy is to facilitate, promote and develop the “ESDM” sector in the State of Karnataka and make
Karnataka a preferred destination for investment in Telecommunications, Defense, Medical, Industrial, Automotive, Consumer Products,
applications and components, parts, and accessories required for the aforesaid products and applications. The following targets are set for
Karnataka ESDM Policy:
• Emerge as the leading contributor to India's ESDM sector by accounting for at least 10% of the US$ 400 billion by 2020
• Generate over 20% of the country's total ESDM exports target of US$ $80 billion by 2020.
• Develop core competencies in specific ESDM verticals such as telecom, defence electronics, avionics and energy.
• Make Karnataka the country's preferred destination for investments in ESDM.
• Generate at least 240,000 new jobs, 25% of India's PhDs and 5000 patent filings in ESDM sector in Karnataka by 2020.
Several incentive options have been designed for enterprises, start-ups and MSMEs to avail reimbursements and grants under the following
schemes:
• Patent registration incentive, international marketing incentive and PF/EDI incentive
• Capital subsidy, ETP set-up subsidy and Interest subsidy
• R&D grant, concession on registration charges and power tariff concession
• Reimbursement of quality certification costs, prototyping costs and land conversion fee
• Exemption from stamp duty
46Karnataka startup policy 2015-20
A Karnataka Startup Cell has been set up to address the needs and demands of the rapidly expanding Startup Community and promote
Karnataka's Startup Ecosystem.
Following are the highlights of the startup policy:
• Capacity Building through New Age Incubation Network
• Technology Based Incubators: Fostering links between R&D and Commercialization of Technologies.
• IDEA2PoC Fund: Taking ideas to Proof of Concept.
• Startup Fund of Funds.
• Incentives and Concessions: VAT/CST and ST, Patent and Marketing Reimbursements
• ‘Elevate 100’ scheme to identify 100 innovative start-ups and support them till the next level of success.
• Capacity Building Through Exposure Visits and Workshops
• Creating incubation infrastructure through PPP
47State acts & policies…(1/4)
NRI Policy 2017
1
The policy was introduced in January 2017, to attract investments from non-resident
Kannadigas. The policy aims at helping improve the privileges and speedy services to NRKs,
through a card.
Karnataka State Electric Vehicle and Energy Storage Policy 2017
2
To make Karnataka a preferred investment destination for manufacturing of electric vehicles,
promote a conducive manufacturing ecosystem in the industry and develop human capital
required by the industry.
IT Policy 2020-2025
3 The policy is focused on continued development of infrastructure, markets, ecosystem, talent
and ease of doing business to support growth of the IT industry in the state.
Karnataka Tourism Policy 2020-25
To position Karnataka as the most preferred tourism destination that provides a safe and
4 memorable experience for tourists through diverse high-quality tourism offerings developed
in collaboration with tourism stakeholders and local communities to create sustainable and
inclusive socioeconomic development for all.
48State acts & policies…(2/4)
AVGC Policy 2017-22
5 Encourage and support appropriate manpower development, infrastructure development
and business development in the AVGC sector.
Solar Policy 2014-21
To add solar generation of at least 2,000 MW by 2021 in a phased manner.
6 To encourage PPP model and R&D and innovation in the sector.
To promote Roof Top Generation and Technologies.
To transform Karnataka into an investor friendly state.
Karnataka Industrial Policy 2020-25
To retain Karnataka’s position as a global manufacturing hub and achieve higher and
7 sustainable industrial growth through capital infusion, technology transfer, world-class
industrial infrastructure, skill upgrade and benchmarking of policies and practices to the best
global standards.
ESDM Policy 2013
8 To facilitate, promote and develop the ESDM sector in Karnataka and make Karnataka a
preferred destination for investment in this sector.
49State acts & policies…(3/4)
Aerospace Policy 2013-23
To position Karnataka as a vibrant aerospace hub of Asia and a globally recognized
9 aerospace destination by enabling the environment for holistic and sustained growth of the
aerospace sector. Increase the contribution of the aerospace sector towards enhancing the
share of industry in the state’s GSDP from 28.0% to 32.0% by 2022.
Integrated Agribusiness Development Policy 2011
To position Karnataka on a sustained growth path in the field of agricultural and allied
10 sectors through global technologies and innovative tools by creating enabling frameworks
and state-of-the-art infrastructure facilities, thereby generating higher returns for farming
communities.
Information and Communication Technology Policy 2011
To maintain Karnataka’s leadership in outsourced IT services.
11 To retain Karnataka’s position as the state with the largest skilled workforce in India for IT
services, products and R&D. To enable Karnataka to be the most preferred destination for
MSMEs (micro, small and medium enterprises).
Energy Conservation and Energy Efficiency Policy 2020-25
12
To outline an overarching framework for identification, development, implementation,
monitoring and verification of energy efficiency programmes to be undertaken in the state
to tap huge energy savings potential.
50State acts & policies…(4/4)
Karnataka start-up policy 2015-20
13 A Karnataka start-up cell has been set up to address needs and demands of the rapidly
expanding start-up community and promote Karnataka's start-up ecosystem.
51APPENDIX 52
Sources
Data Sources
GSDP (state) Economic Survey 2019-20 (Karnataka), Directorate of Economics & Statistics of Karnataka
Per capita GSDP figures Economic Survey 2019-20 (Karnataka), Directorate of Economics & Statistics of Karnataka
GSDP (India) Economic Survey 2019-20 (India)
Installed power capacity (MW) Central Electricity Authority
Wireless subscribers (No) Telecom Regulatory Authority of India
Internet subscribers (million) Telecom Regulatory Authority of India
National highway length (km) NHAI, Roads and Building Department-Government of India
Major and minor ports (No) India Ports Association
Airports (No) Airports Authority of India
Literacy rate (%) Economic Survey 2019-20 (Karnataka)
Birth rate (per 1,000 population) Economic Survey 2019-20 (Karnataka)
Cumulative FDI equity inflows (US$ billion) Department for Promotion of Industry and Internal Trade
Operational PPP projects (No) DEA , Ministry of Finance, Government of India
Operational SEZs (No) Ministry of Commerce & Industry, Department of Commerce
53Exchange rates
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year Rs. Equivalent of one US$ Year Rs. Equivalent of one US$
2004-05 44.95 2005 44.11
2005-06 44.28 2006 45.33
2006-07 45.29 2007 41.29
2007-08 40.24 2008 43.42
2008-09 45.91 2009 48.35
2009-10 47.42 2010 45.74
2010-11 45.58 2011 46.67
2011-12 47.95 2012 53.49
2012-13 54.45 2013 58.63
2013-14 60.50 2014 61.03
2014-15 61.15 2015 64.15
2015-16 65.46 2016 67.21
2016-17 67.09 2017 65.12
2017-18 64.45 2018 68.36
2018-19 69.89 2019 69.89
2019-20 70.49 2020 74.18
2020-21 72.59 2021* 73.69
Note: As of February 2021
Source: Reserve Bank of India, Average for the year
54Disclaimer India Brand Equity Foundation (IBEF) engaged Sutherland Global Services private Limited to prepare/update this presentation. All rights reserved. All copyright in this presentation and related works is solely and exclusively owned by IBEF, delivered during the course of engagement under the Professional Service Agreement signed by the Parties. The same may not be reproduced, wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or incidentally to some other use of this presentation), modified or in any manner communicated to any third party except with the written approval of IBEF. This presentation is for information purposes only. While due care has been taken during the compilation of this presentation to ensure that the information is accurate to the best of Sutherland Global Services’ Private Limited and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a substitute for professional advice. Sutherland Global Services Private Limited and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in this presentation and nor do they assume any liability, damages or responsibility for the outcome of decisions taken as a result of any reliance placed on this presentation. Neither Sutherland Global Services Private Limited nor IBEF shall be liable for any special, direct, indirect or consequential damages that may arise due to any act or omission on the part of the user due to any reliance placed or guidance taken from any portion of this presentation. 55
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