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Business
Karnataka Finance Minister D.K. Shivakumar Outlines State’s Growth and Investment Drive
✍️ Business Today
🗓 28 Aug 2026, 08:37 AM
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In an interview with Business Today, Karnataka Finance Minister D.K. Shivakumar detailed the state’s recent economic expansion, ongoing investment push and his vision for future growth.
Karnataka’s finance minister D.K. Shivakumar told Business Today that the state has sustained a robust growth trajectory over the past few years, driven by strong performance in information technology, manufacturing and services. He cited a compound annual growth rate of around 8% and highlighted that recent foreign direct investment inflows have crossed the $10 billion mark, underscoring the state’s attractiveness to investors.
Shivakumar said the government is actively pursuing an investment push that includes simplifying land acquisition, offering fiscal incentives and expanding industrial corridors. He pointed to new projects in aerospace, renewable energy and electronics that are expected to create thousands of jobs and deepen the state’s export base.
Looking ahead, the minister outlined a vision centred on world‑class infrastructure, skill development programmes and a digital‑first administration. He urged both domestic and foreign investors to partner with Karnataka’s ecosystem, promising continued policy stability and a focus on sustainable growth.
The remarks come as Karnataka prepares its next five‑year plan, which aims to cement the state’s position as India’s leading hub for innovation and high‑value manufacturing.
Shivakumar said the government is actively pursuing an investment push that includes simplifying land acquisition, offering fiscal incentives and expanding industrial corridors. He pointed to new projects in aerospace, renewable energy and electronics that are expected to create thousands of jobs and deepen the state’s export base.
Looking ahead, the minister outlined a vision centred on world‑class infrastructure, skill development programmes and a digital‑first administration. He urged both domestic and foreign investors to partner with Karnataka’s ecosystem, promising continued policy stability and a focus on sustainable growth.
The remarks come as Karnataka prepares its next five‑year plan, which aims to cement the state’s position as India’s leading hub for innovation and high‑value manufacturing.