Latest update: March, 2019
Last Updated: March, 2019
KERALA State Report | March, 2019
At current prices, Kerala's Gross State Domestic Product (GSDP) was about US$ 106.52 billion in 2017-18Q. The state's GSDP recorded at a CAGR of 11.16 per cent between 2011.-12 and 2017-18Q. The state's per capita GSDP was US$ 3,089 during 2017-18 compared with US$ 2,318 during 2011-12. As of November 2018, the state had a total installed power generation capacity of 5,083.27 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 favorite tourist destination among foreign travelers.
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 accounts for a lion’s share in India’s production. Apart from pepper, other spices produced in the state include ginger, cardamom, nutmeg, tamarind, etc. During 2018-19^^, spices export from the state stood at US$ 327.71 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 of Industrial Policy and Promotion (DIPP), during April 2000 to December 2018, FDI inflows into Kerala, including Lakshadweep, totaled to US$ 2.07 billion.
NOTE: * - As per 1st Advance Estimates, ^ - Upto December 2018, ^^ - Upto December 2018
Last Updated: May 17, 2019