Economy of Karnataka

Karnataka is one of the more industrialised states in India. Its capital, Bangalore has become a major worldwide hub of the Information Technology industry and is the IT capital of India producing approximately 35% of India’s software. It is dubbed as the Silicon Valley of India with more than 50% of all software companies based here.

Bangalore has approximately 40% of India’s Biotechnology companies. Also, Bangalore is one of the fast growing cities in the world with more than 6 million people and is considered the only truly global city in the country. Over 90% of India’s gold production comes from Karnataka. Recently there has been a lot of activity in the extraction of manganese ore from the districts of Bellary and Hospet. Karnataka is the largest producer of coffee, raw silk and sandalwood based products like perfumes.