Latest update: June, 2020
Last Updated: June, 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 have helped attract tourists from the world over. BBC Travel survey has rated Kerala as the top favorite tourist destination among foreign travelers.
At current prices, Kerala’s GSDP was about Rs 9.78 trillion (US$ 139.94 billion) in 2020-21. The state’s GSDP recorded a CAGR of 11.61 per cent between 2011-12 and 2020-21. The state's per capita GSDP was US$ 3,089 during 2017-18 compared with US$ 2,318 during 2011-12.
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 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), during April 2000 to September 2019, FDI inflows into Kerala, including Lakshadweep, totaled to US$ 2.37 billion.
Total merchandise exports from the state stood at US$ 9.77 billion during 2018-19. During 2019-20 (till December 2019), the exports stood at US$ 7.80 billion.
NOTE: * - As per 3rd Advance Estimates
Last Updated: May 17, 2019