Trade Analytics

About Kerala: Information on Tourism Industry, Agriculture, Economy & Geography

Latest update: November, 2016

Economic Snapshot: GSDP of Kerala

Kerala's gross state domestic product (GSDP) was at US$ 68.5 billion over 2014-15.

Economic Snapshot: GSDP of Kerala

Economic Snapshot: NSDP of Kerala

Kerala's net state domestic product (NSDP) was at US$ 59.70 billion over 2014-15.

Break up of outstanding investments in Kerala

 

Factfile

  • Capital:Thiruvananthapuram
  • Geographical Area (sq km):38,863
  • State Language:Malayalam, Hindi, English and Tamil
  • Literacy Rate:94.6 per cent
  • Key Industries:Handlooms and power looms, rubber, bamboo, coir, khadi and village, sericulture, seafood and other marine products, cashew, mining, tourism, food processing, spice and spice extracts, IT & electronics

Last Updated: November, 2016

KERALA State Report | October, 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.

Key Sectors:

  • During 2015-16, the Government of Kerala announced plans to establish 150 production units under Coir Udyami Yojana, 600 units under Mahila Coir Yojana and 5 units under the Development of Production Infrastructure scheme.
  • The Government of Kerala proposed an outlay of US$ 11.7 million for the handloom and power loom sector under the Annual Budget for 2015-16.
  • As of July 2016, Kerala has nine operational IT/ITeS SEZs which are located in Kakkanad, Thiruvanthapuram, Pallipuram Village, etc. Leading IT companies such as TCS, Infosys and UST are providing job opportunities and the industry is expected to add 23,500 new jobs by 2017.
  • The electronic hub proposed at Kochi is a prestigious project of the Government of Kerala to promote electronic hardware manufacturing and assembling units and R&D centres, and to support infrastructure for the same.
  • Under budget 2016-17, the Government of Kerala made a total allocation of US$ 47.59 million for 24 schemes for development of Tourism sector in the state, while an allocation of US$ 76.38 million was made towards the Rubber Production Incentive Scheme of Government. 
  • During 2015-16, overall production of spices in Kerala stood at 130.44 thousand tonnes and area under cultivation was 167.25 thousand hectares. 
  • As per budget 2016-17, the Government of Kerala proposed an outlay of US$ 2.13 million for khadi and village industries. Moreover, the Kerala Khadi and Village Industries Board has been provided with a financial assistance of US$ 152.76 thousand for the establishment of Gandhi-Khadi Museum at Payyannur, 
  • Among maritime states in India, Kerala ranks second in marine fish production. In 2015-16, total fish production in the state stood at 0.68 million tonnes.

Factfile

  • Capital:Thiruvananthapuram
  • Geographical Area (sq km):38,863
  • State Language:Malayalam, Hindi, English and Tamil
  • Literacy Rate:94.6 per cent
  • Key Industries:Handlooms and power looms, rubber, bamboo, coir, khadi and village, sericulture, seafood and other marine products, cashew, mining, tourism, food processing, spice and spice extracts, IT & electronics
Kerala Map

Kerala