Kerala is a leading agricultural state in the country, specialising in rubber, spices and coir production. It has also been promoting knowledge-based industries such as IT/ITeS, computer hardware, and biotechnology. The state has set a target of 8 per cent annual economic growth for the Eleventh Five-Year Plan period (2007-2012). To achieve this the Government plans to develop infrastructure such as special economic zones (SEZ) and attract investment in the tertiary sectors.
Known as “God‟s own Country”, Kerala is one of the few states to have marketed its natural beauty successfully to the leisure tourism sector. Its unique heritage and cultural diversity have helped attract tourists from the world over. The tourism sector contributes about 8 per cent to the GDP of the state. Kerala had 8.3 million tourists visiting the state during 2009.
At current pries, the Gross State Domestic Product (GSDP) of Kerala was about US$ 41.3 billion in 2008-09. The state‟s GSDP grew at a CAGR of 12.0 per cent between 1999-2000 and 2008-09. Kerala recorded higher GSDP growth rates in the last decade as compared to other states.
As of March 2010, the outstanding investments in the state amounted to US$ 46.6 billion, with the services sector accounting for a major share of the investments. Between April 2000 and May 2010, the cumulative FDI inflow in the state was US$ 332 million.State Presentation (November 2010)
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