Karnataka In Deep Slump, Conferred With Least Developed Status
Bangalore: The categorization of Karnataka as a less developed state by Raghuram Rajan brought a state of shock and disappointment.
Karnataka has accompanied other states like West Bengal, Himachal Pradesh, Andhra Pradesh, Gujarat, J&K and Tripura, reports The Times of India.
The ironic part of Karnataka is that, geographically it is surrounded by states that are relatively developed. Goa, Kerala, Tamil Nadu and Maharashtra are included in this category.
Kris Gopalakrishnan, President of Confederation of Indian Industry, stated that Karnataka, except for Bangalore is still underdeveloped. He also said that it was mainly the Northern Karnataka that lacks behind when compared with the rest of the state.
Narendra Pani, the professor at the National Institute of Advanced Studies shares similar thoughts, saying that in the last six years Karnataka did not thoroughly utilize its strength in improving its economy.