The State’s Gross Domestic Product (GDP) is growing sustainably amid many challenges, including COVID-19, and it is likely to touch ₹35 lakh crore in the next five years, Deputy Chief Minister C.N. Ashwath Narayan said on Sunday.
“The State has potential to reach ₹35 lakh crore and the government is making all efforts towards this,” he said in his online address at the Feature Karnataka Summit-2020. He said the government had taken various measures to further strengthen agriculture, IT & BT, industry, production, and the service sector, and had proposed to build an industrial corridor on the Bidar-Mysuru highway stretch on the lines of the Bengaluru-Chennai and Bengaluru-Mumbai industrial corridors.
He pointed out that labour laws had been simplified, APMC Act amended, land reforms brought in, and a single-window facility introduced, among many other industry-friendly steps.
