Karnataka news updates: State reports 514 new Covid-19 cases, 19 deaths

Karnataka, which has a vibrant automotive, agro, IT, aerospace, textile, biotech and heavy engineering industries, is showing a worrying trend due to the impact of pandemic and natural disasters. Despite being the cradle of startups and known as Silicon Valley of India, Karnataka took a huge blow to its financial resources from 2020-21 to date. Government debt rose to 31.38 percent between 2019-20 and 2020-21, creating a precarious financial situation. (IANS)