Kerala is the national leader in rubber production, with almost 85% of India’s natural rubber production coming from the state.
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 has attracted tourists from around the world. BBC Travel survey has rated Kerala as the top favorite tourist destination among foreign travelers in 2018. At current prices, Kerala’s total GSDP is estimated at Rs. 999,643 crore (US$ 131.34 billion) in 2022-23, an increase of 10.8% over FY22. The state’s GSDP recorded a CAGR of 7.68% between 2015-16 and 2021-22. 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.
As of August 31, 2022, the state had a total installed power generation capacity of 6,246.69 MW, of which 2,232.01 MW was accounted by state utilities, 2,097.2 MW by central utilities and 1,917.48 MW by the private sector.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflows in Kerala were valued at US$ 645.86 million between October 2019-June 2022.
Exports from the state stood at US$ 1,855.34 million FY 2022-23 (until August 2022)
Note: * - As per 3rd Advance Estimates