Economic Survey 2024 Karnataka Pdf

# Karnataka: A Leader in Technology and Infrastructure ## State-of-the-Art Data Centers and Connectivity Karnataka has made significant strides in developing its technological infrastructure. The state boasts of two state-of-the-art data centers equipped with MPLS technology. These facilities provide secure and reliable hosting services for government applications and critical infrastructure. ### Karnataka State Wide Area Network (KSWAN) The Karnataka State Wide Area Network (KSWAN) connects government offices, educational institutions, and other critical infrastructure across the state. This high-speed network provides secure and efficient data transmission, enabling the delivery of essential services and seamless communication. ## Economic Growth and Foreign Investment Despite the global economic slowdown and high interest rates in developed nations, Karnataka has witnessed a steady inflow of foreign direct investment (FDI). This impressive FDI inflow reflects the state's strong economic fundamentals and its attractiveness as a preferred destination for businesses. ### Key Economic Drivers Karnataka's economic growth is driven by several key sectors, including: * Information technology * Biotechnology * Pharmaceuticals * Aerospace * Agriculture ### Factors Attracting FDI Several factors contribute to Karnataka's appeal to foreign investors, including: * A highly skilled workforce * A favorable business environment * Excellent infrastructure * A strong focus on innovation and entrepreneurship