Adani Enterp. 1902.00↓-18.30(-0.95%)
Adani Ports 686.35↑2.45(0.36%)
Apollo Hospitals 4636.25↑33.75(0.73%)
Asian Paints 3029.75↑16.80(0.56%)
Axis Bank 878.95↑13.65(1.58%)
B P C L 368.10↑2.65(0.73%)
Bajaj Auto 4541.40↑78.30(1.75%)
Bajaj Finance 6678.80↑288.95(4.52%)
Bajaj Finserv 1406.95↑47.70(3.51%)
Bharti Airtel 788.70↑1.40(0.18%)
Britannia Inds. 4577.00↓-49.00(-1.06%)
Cipla 926.60↑1.80(0.19%)
Coal India 230.65↓-6.75(-2.84%)
Divi's Lab. 3278.30↓-12.50(-0.38%)
Dr Reddy's Labs 4881.60↓-60.90(-1.23%)
Eicher Motors 3396.00↑40.90(1.22%)
Grasim Inds 1770.70↑18.20(1.04%)
H D F C 2742.50↑40.20(1.49%)
HCL Technologies 1072.35↑16.80(1.59%)
HDFC Bank 1649.60↑23.95(1.47%)
HDFC Life Insur. 547.80↑8.10(1.50%)
Hero Motocorp 2577.10↑29.85(1.17%)
Hind. Unilever 2518.15↑17.40(0.70%)
Hindalco Inds. 441.90↑7.65(1.76%)
ICICI Bank 941.30↑14.35(1.55%)
IndusInd Bank 1118.80↑45.50(4.24%)
Infosys 1268.35↑9.25(0.73%)
ITC 430.95↑2.20(0.51%)
JSW Steel 732.20↓-1.15(-0.16%)
Kotak Mah. Bank 1962.50↑33.80(1.75%)
Larsen & Toubro 2375.95↓-1.55(-0.07%)
M & M 1238.30↑27.10(2.24%)
Maruti Suzuki 9113.35↑164.70(1.84%)
Nestle India 21943.00↓-76.85(-0.35%)
NTPC 176.90↑2.65(1.52%)
O N G C 165.00↑4.70(2.93%)
Power Grid Corpn 245.80↑4.75(1.97%)
Reliance Industr 2475.05↑33.30(1.36%)
SBI Life Insuran 1178.95↑5.25(0.45%)
St Bk of India 581.30↑4.80(0.83%)
Sun Pharma.Inds. 965.90↓-4.55(-0.47%)
Tata Consumer 785.50↑9.25(1.19%)
Tata Motors 498.30↑21.20(4.44%)
Tata Steel 109.50↑0.85(0.78%)
TCS 3251.80↑21.10(0.65%)
Tech Mahindra 1045.00↑8.60(0.83%)
Titan Company 2756.35↑23.45(0.86%)
UltraTech Cem. 7713.20↑84.40(1.11%)
UPL 715.50↑0.65(0.09%)
Wipro 380.50↑1.10(0.29%)

Promises and sops: Political parties woo economically sound Karnataka

State does well in many economic parameters, but freebies promised by parties may spoil its finances

Indivjal Dhasmana New Delhi

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Photo: Bloomberg

7 min read Last Updated : May 08 2023 | 1:50 PM IST

Karnataka did well economically under two parties, Janata Dal (Secular) and Bharatiya Janata Party, in the last five years. The state has had four chief ministers, three of the BJP and one of the JD (S), after elections in May 2018. BJP’s B S Yediyurappa ruled for only six days and he was reinstated again after his successor, JD (S) leader H D Kumaraswamy, lasted for over 14 months in power. Yediyurappa resigned on July 28, 2021 and since then Basavaraj Bommai of the BJP has been CM.

Karnataka's economy, in the recent past, has grown a bit higher than the national average and when gross domestic product (GDP) fell due to the first wave of Covid-19 in 2020-21, the rate of contraction in the state was much smaller than the all-India figures. Even when national economic growth slowed down prior to 2020-21, the state held on to its growth rate of the previous year. While the GDP growth at the national level fell from 6.5 per cent in 2018-19 to 3.9 per cen