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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]
The Kerala Economy is therefore also largely dependent on trade in services and resulted remittances. [ 15 ] [ 16 ] [ 17 ] In 2012, the state was the highest receiver of overall remittances to India which stood at Rs. 499.65 billion (31.2% of the state's GDP), followed by Tamil Nadu , Punjab and Uttar Pradesh .
Rank District Per capita income in Rs. GDP 1 Ernakulam [4]: 463,000 $18,531,266,973 2 Alappuzha: 456,000 $11,829,919,045.7 3 Kollam: 417,000 [5]: $13,398,356,581.7
Being located in Kerala, a region which received national and international attention for its achievement in the field of education, CSES has tried to develop an insider's perspective of the strengths and weaknesses of State's education system right from pre-school education to professional and higher education. [24]
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.
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.
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.
Kerala's economy is predominantly service based. As per a recent Niti Aayog report, Kerala has been ranked the most investment friendly state in India, and in terms of Human Development Index and life standard of the people, Kerala is ahead of all other states in India. In fact, in certain development indices it is on a par with some of the ...