Last updated on Jun, 26 2020
KERALA State Report | June, 2020
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 Gross State Domestic Product (GSDP) is estimated at about Rs 9.78 trillion (US$ 139.94 billion) in 2020-21. The state’s GSDP will increase at a CAGR of 11.72 per cent between 2015-16 and 2020-21. The state’s per capita GSDP stood at Rs 2,25,484 (US$ 3,226) during 2018-19.
Kerala can be termed as the land of spices considering the large variety of spices grown in the state. Kerala is the largest producer of pepper in India and account for a lion’s share in India’s production. Apart from pepper, other spices produced in the state include ginger, cardamom, nutmeg, tamarind, etc. In 2019-20 (till December 19), spices export from the state stood at US$ 315.57 million.
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.
According to Department for Promotion of Industry and Internal Trade (DPIIT), between April 2000 and March 2020, foreign direct investment (FDI) inflow in Kerala, including Lakshadweep, reached US$ 2.94 billion.
Total merchandise export from the state stood at US$ 9.77 billion during 2018-19. During 2019-20 (till December 2019), export stood at US$ 7.80 billion.
NOTE: * - As per 3rd Advance Estimates