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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.
In fact, in certain development indices it is on a par with some of the developed countries. This peculiar paradox is often termed as the "Kerala Phenomenon" or Kerala model of development by experts. Kerala follows a mixed capitalist-welfare economy. In fact, the state's strong emphasis on social welfare has also resulted in slow economic ...
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]
Assist in the preparation of Economic Review. Prepare reports as to the resource allocation of the state. Provide nuts and bolts regarding development plans to the state and Central governments. Prepare background papers and notes for discussion between Chief Minister of Kerala and Deputy Chairman of Planning Commission.
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 Kerala Governor administered the oath of office and secrecy to the new members. In December 2023, the Kerala Cabinet underwent a reshuffle as part of a mutual agreement among member parties. The reshuffling is in accordance with a pre-election agreement within the Left Democratic Front (LDF) coalition.
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.