Karnataka has become one of the top-performing states in India when it comes to economic growth. According to Home Minister Dr. G. Parameshwara, the state now ranks second in the entire country for attracting investments and collecting Goods and Services Tax (GST).
According to ANI News report, He shared this important update while speaking to the media during a press meeting in Mandya. Dr. Parameshwara said this ranking shows how Karnataka is growing and doing well financially.
“Karnataka is now ranked second in the country for both investment and GST collection. This shows that our state is becoming stronger and more developed,” he said.
In March 2025, Karnataka also reported a 4% growth in overall economic activity, further proving that the state’s economy is on the rise.
Get a Handbook on TDS Including TCS as Amended up to Finance Act 2024, Click Here
Karnataka is already known for being a leader in technology, especially in cities like Bengaluru, which is often called the “Silicon Valley of India.” The state is also popular for its strong education system, good infrastructure, and skilled workforce — all of which help attract more investors.
Being ranked second in both investment and GST collection means Karnataka is doing better than most other states in India. This is important because it shows that the state is a good place for businesses to grow and for people to find work and earn a living.
Dr. Parameshwara said that these achievements are proof that Karnataka is heading in the right direction and continues to gain national attention for its progress.
Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
