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Karnataka: A $1 Trillion GDP Vision | Report By TV Mohandas Pai & Nisha Holla - 3one4 Capital

October 19, 2022
3 mins

We are proud to announce the launch of 3one4 Capital’s 13-point socio-economic agenda that places Karnataka at the helm of India’s $10 trillion vision.

The report was launched by the Hon'ble Chief Minister of Karnataka, Shri Basavaraj Bommai, in the presence of Smt Vandita Sharma, Chief Secretary, Shri ISN Prasad, Additional Chief Secretary and Development Commissioner,  Dr Shalini Rajneesh, Additional Chief Secretary, and 3one4 Capital’s TV Mohandas Pai, Nisha Holla, Pranav Pai, and Siddarth Pai.

This report analyses the state’s economic indicators and identifies factors that contribute to Karnataka’s position among India's Top 5 state economies. The state hosts robust agricultural and industrial sectors, 66% of its economy comes from services, and  it has the highest per-capita income.

Bangalore is now the innovation capital of India, is amongst the top 5 cities driving tech innovation globally, and has attracted over $62 billion in investments for startups since 2014.

Given Karnataka's economic prowess, it was not surprising when the state grew past the recessionary effects of the pandemic while delivering economic security for those in need. The report calls for a re-evaluation of the state's growth drivers in light of this recovery to reach the upcoming golden targets of $500 billion GDP by 2026 and $1 trillion GDP by 2032 from the FY 22 GDP of $273 billion.

The strategic growth plan proposed by the report is steeped in rich data and the multidisciplinary expertise of the authors. It closely analyses the third-largest state economy in the country and suggests ways to maintain its high-economic output with a citizen-first worldview.

At 3one4 Capital, we hope this forward-looking report will prove to be a great asset in driving the ground-up transformation underway and influencing policy decisions that will shape Karnataka’s formidable story of growth and inclusive prosperity.

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