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

Last updated on Jul, 29 2021

Economic Snapshot
Per capita Income

 

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 State Report | March, 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 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% between 2015-16 and 2020-21. The state’s per capita GSDP stood at Rs. 2,25,484 (US$ 3,226) during 2018-19.

In December 2020, Kerala Government announced that development projects worth Rs. 10,000 crore (US$ 1.36 billion) will either be completed or launched in the state in the next 100 days. Of these, a total of 5,526 projects will be completed or inaugurated, amounting to Rs. 5700 crore (US$ 774.89 million), and 646 projects worth Rs. 4,300 crore (US$ 584.57 million) will be launched.

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 February 2021, the state had a total installed power generation capacity of 5,836.95 MW, of which 2,189.36 MW was accounted by state utilities, 2,097.20 MW by central utilities and 1,550.39 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$ 263.53 million between October 2019 and December 2020.

Exports from the state stood at US$ 3.36 billion in FY21 (until January 2021). Kerala exported two key items including marine products and spices.

Key Sectors:

  • As per the State Budget 2020-21, the government has allocated funds worth Rs. 1,000 crore (US$ 136.43 million) for Idukki package/spice park and organic farming initiatives.
  • In 2019-20, the total production of horticulture crops in the state was expected to be 10219.76 thousand metric tonnes and area under production was 1590.56 thousand hectares. In 2019-20, the total production of vegetables and fruits were estimated at 2757.05 thousand metric tonnes and 1731.44 thousand metric tonnes, respectively.
  • In 2019-20, tea production in Kerala stood at 59.26 million kgs. Tea export from the state stood at US$ 75.65 million during 2020-21 (until January 2021).
  • The state has a techno park in Thiruvananthapuram, which has been instrumental in attracting global electronics manufacturers, and has an info park in Kochi and a cyber park in Kozhikode
  • In FY21 (until January 2021), exports of marine products from the state stood at US$ 511.52 million.

 

NOTE: * - As per 3rd Advance Estimates

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