Last Updated: January 04, 2016
Latest update: January, 2016
Last Updated: January, 2016
KERALA State Report | November, 2015
Kerala is known as God's own country. The state is located along the coastline to the extreme southwest of the Indian peninsula, flanked by the Arabian Sea on the west and the mountains of the Western Ghats on the east. The state has a coastline of 580 km.
At current prices, Kerala's gross state domestic product (GSDP) was about US$ 68.5 billion in 2014-15. The state's GSDP recorded at a CAGR of 9.9 per cent between 2004-05 and 2014-15. The state's per capita GSDP was US$ 1,961 during 2014-15 compared with US$ 810 during 2004-05.
Kerala is one of the few states to have marketed its natural beauty successfully to the leisure tourism sector. The state's unique heritage and cultural diversity have helped attract tourists from the world over. BBC Travel survey has rated Kerala as the top favourite tourist destination among foreign travellers. Foreign and domestic tourist arrivals increased respectively by 8 per cent and 10.4 per cent during 2014 over 2013. The Kerala Tourism Policy 2012 has been drafted to create an environment for investment and to market Kerala as a visible global brand in domestic and international markets.
It is a leading agricultural state in the country and the largest producer of rubber, pepper, coconut and coir. In 2014-15, the state contributed 69 per cent and 73 per cent to India's total rubber and pepper production, respectively.
Kerala has a wide range of fiscal and policy incentives for businesses under the Industrial and Commercial Policy and has well-drafted sector-specific policies.