Latest update: December, 2016
Last Updated: December, 2016
KERALA State Report | December, 2016
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$ 89.44 billion in 2015-16. The state's GSDP recorded at a CAGR of 11.65 per cent between 2004-05 and 2015-16. The state's per capita GSDP was US$ 2,677 during 2015-16 compared with US$ 810 during 2004-05. As of June 2016, Kerala had a total installed power generation capacity of 4,097.8 megawatt (MW).
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 tourist arrivals increased by 5.86 per cent during 2015-16 over 2014-15.
It is a leading agricultural state in the country and the largest producer of rubber, pepper, coconut and coir. As per budget 2016-17, Government of Kerala proposed an outlay of US$ 116.74 million for the agriculture sector.
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. Kerala stands 18th among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.
According to DIPP, during April 2000 to March 2016, FDI inflows into Kerala, including Lakshadweep, totalled to US$ 1.30 billion.
Last Updated: October 19, 2016