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The economy of Kerala is the 11th largest in India, with an annual gross state product (GSP) of ₹13.11 lakh crore (US$157.45 billion) in 2024–2025. [6] Per-capita GSP of Kerala during the same period is ₹ 372,783 (US$4,300), the sixth largest in India. [2]
Unemployment in Kerala discusses the causes and measures of Kerala unemployment and strategies for reducing it. Job creation and unemployment are affected by factors such as economic conditions, global competition, education, automation, and demographics. These factors can affect the number of workers, the duration of unemployment, and wage levels.
December 14 - POSCO Fast Track Court, Kattappana acquits the sole accused in a rape and murder of a six-year-old girl citing defects in investigation by Kerala Police. The accused was a Democratic Youth Federation of India (DYFI) worker. [87] December 20 - Kerala cabinet decides to set up Kerala Urban Commission. [88]
Educational institutions like the TKM College of Engineering are known as the "cradle of Kerala entrepreneurs", as they greatly encourage entrepreneurial activities. Kollam was the third city in Kerala to adopt a shopping mall culture, (after Kochi and Kozhikode). [citation needed] The Kollam district ranks first in livestock wealth in the state.
Many events in Kerala are related to the dates in the Malayalam calendar. The agricultural activities of Kerala are centred on the seasons. The southwest monsoon which starts around 1 June is known as Edavappathi, meaning mid of month Edavam. The northeast monsoon which starts during mid October is called thulavarsham (rain in the month of thulam).
Research done by economist K. N. Raj played a pivotal role in the model's development.. The Kerala model originally differed from conventional development thinking which focuses on achieving high GDP growth rates, however, in 1990, Pakistani economist Mahbub ul Haq changed the focus of development economics from national income accounting to people centered policies.
The Centre for Development Studies (CDS), Thiruvananthapuram, Kerala, India is a premier Social Science research institute. It is also a higher education institution providing M.A. course in applied economics and PhD course in economics. [5] The institute is internationally reputed for being a centre for advanced learning in economics.
Resorts dot the lengths and breadths of Kerala. Since its incorporation as a state, Kerala's economy largely operated under welfare-based democratic socialist principles. . This mode of development, though it resulted in a high Human Development Index and standard of living among the people, led to an economic stagnation in the 1980s (growth rate are 2.3% annually).