Last updated on Mar, 9 2021
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 favourite tourist destination among foreign travellers in 2018.
Kerala ranks second in the Investment Climate Index followed by Karnataka as per a policy research working paper by the World Bank. The state stands second due to its world-class infrastructure and well-trained human resource pool. Kerala's traditional industries include handloom, cashew, coir, and handicrafts.
At current prices, Kerala’s Gross State Domestic Product (GSDP) is estimated at about Rs. 9.78 trillion (US$ 139.94 billion) in 2020-21. The state’s GSDP is expected to grow at a CAGR of 11.72% between 2015-16 and 2020-21. The state’s per capita GSDP stood at Rs. 2,25,484 (US$ 3,226) during 2018-19.
As of November 2020, the state had a total installed power generation capacity of 5,702.62 MW, of which 2,189.36 MW was accounted by state utilities, 2,081 MW by central utilities and 1432.26 MW by the private sector.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative FDI inflows in Kerala were valued at US$ 174.49 million between October 2019 and September 2020.
Exports from the state stood at US$ 2.31 billion in FY21 (until November 2020). Kerala exported two key items including marine products and petroleum products.
Under SEZ Act, 2005, Kerala has 29 formally approved SEZs, 25 notified SEZs and 19 exporting SEZs. The state has a techno park in Thiruvananthapuram which has been instrumental in attracting global electronics manufacturers, an info park in Kochi, and a cyberpark in Kozhikode.
Some of the key performance indicators are as below:
Note: * - As per 3rd Advance Estimates, MT - metric tonnes, E - Estimates, Q - Quick Estimates
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