As India Eyes $5 Trillion Economy, Karnataka Will Contribute $1.5 Trillion By 2025: CM Bommai

Bommai was addressing the ‘Vision of Karnataka 2025’ conclave organised by the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) in Bengaluru, reported news agency IANS. 

Karnataka CM Basavaraj Bommai | Twitter/@mla_sudhakar

New Delhi: Karnataka CM Basavaraj Bommai said on Tuesday that Karnataka would soon become the “top state” in the country in terms of overall economic growth. He also added that the state will play a major role in Prime Minister Narendra Modi’s vision of making India a $5 trillion economy.

Bommai was addressing the ‘Vision of Karnataka 2025’ conclave organised by the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) in Bengaluru, reported news agency IANS. 

During his address, he said, “By 2025 the economy would have attained pace and buoyancy. I am confident of Karnataka making a significant contribution of $1.5 trillion to realise Prime Minister Modi's dream of making India a $5 trillion economy.”

“The GDP growth would be doubled and with financial discipline and planning there would be growth in the Agriculture, Industry, and Services sectors," he added.

Attended the 'Vision of Karnataka 2025’ conclave organised by the FKCCI.

Karnataka under the leadership of CM @BSBommai will make a significant contribution of $1.5 trillion in realising PM @narendramodi's vision of making India a $5 trillion economy by 2025.@nsitharaman pic.twitter.com/0H5H0C6ON8

— Dr Sudhakar K (@mla_sudhakar) March 16, 2022

Bommai also talked about the initiatives taken by his government to accelerate economic growth.

“The size of the state budget has been increased by Rs 19,000 crore. Even the experts had not expected this. It was predicted that the budget would be loaded with freebies as it is a pre-election budget. But we have come to the rescue of those who help the state. We have extended a helping hand to those who toil under the hot sun," he asserted.

“Infrastructure projects like roads, railways, airports, and ports have received a big boost. Special Investment Regions would come up at Dharwad and Tumakuru. Food Parks would be set up in every district. The Chennai-Mumbai Corridor, Textile Parks at Gulbarga, and Vijayapura would lay a strong foundation for sustained economic growth,” Bommai added.

He went on to make a note that his government not only put emphasis on the development of Bengaluru but has also finalised packages for laying Ring Roads in all cities, extending the metro rail network and suburban rail project