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Construction : Web Exclusive | March 2014 | Source : Construction Update

Economic Survey of Karnataka pegs GSDP at 5 per cent for FY2013-14

According to economic survey of Karnataka for FY2013-14, the services sector is expected to grow at 7.2 per cent which is lower than 8.4 per cent growth achieved in 2012-13. The industry sector is expected to grow at 1.2 per cent, which is lower than 4.4 per cent seen in 2012-13. The decline in the growth rate in industrial and services sector is likely to bring down the Karnataka's gross state domestic product (GSDP) growth rate from 5.3 per cent in 2012-13 to 5 per cent in 2013-14. The GSDP growth rate at constant prices (2004-05) is expected to touch Rs 3,11,628 crore in 2013-14 compared to Rs 2,96,658 crore In 2012-13.
 
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