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Karnataka Economy - Economy in Karnataka

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Economy in Karnataka<

Agriculture Karnataka's relief, soil conditions, and climate jointly contributes in growing crops in the city. Agriculture is considered to be one of the primary occupations for the inhabitants of Karnataka. Majority of the people in Karnataka are involved in growing crops especially in the rural areas. Agriculture in Karnataka has occupied around 12.31 million hectares of land, that includes 64.6 percent of the total area.   Industry Karnataka has always been at the forefront of industrial growth in India. With its inherent capabilities coupled with its enterprising citizens, Karnataka provides the ideal choice for investment opportunities.Majority of IT activity in Karnataka is concentrated in Bangalore. Bangalore is also referred to as the Silicon Valley of India. For now we have clubbed IT, networking and telecom companies together. Later on we will separate them.   Information and biotechnology Karnataka is the leader in the information technology sector in India and its capital Bangalore is known as the Silicon Valley of India. In the IT sector, Karnataka generated a total revenue of Rs. 516.5 billion in the financial year 2006-07 which included Rs. 487 billion from software exports and Rs. 29.5 billion from hardware exports. A total of 1973 companies in Karnataka are involved in Information Technology-related business.

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