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Indian Subcontinent >> India >> Karnataka >> Economy of Karnataka

Economy of Karnataka

Economically, Karnataka is one of the most successful states in India. It has attracted a lot of foreign investments in sectors ranging from lab equipment to food processing. But, it is in the information technology and telecommunications sector that the state scores highest. Partnering Andhra Pradesh at the head of India’s much touted ‘IT Revolution’, Karnataka is the home of India’s tech giants, Wipro and Infosys. Traditional industries include aircraft manufacturing, heavy electrical machinery, iron & steel and cement also have major plants in the state.

Like the rest of India, in Karnataka too most of the population is engaged in agriculture. The main cash crops are cotton, cashew nuts, coffee, coconut, sugarcane, tea and tobacco. Sandalwood is one of Karnataka’s most important exports, and it contributes a substantial amount to the world’s total sandalwood production. Mining of gold in Kolar, and of copper, iron ore, manganese and mica is important to the state's economy.

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