Do you agree? (2020). You need a Single Account for unlimited access. State any two goals of development other than income. The direct and indirect losses in gross state value addition (GSVA), based on an input-output model, is estimated to be 10% in 2019-20 and 20% in 2020-21. The Kochi Metro is planning 78 solar-electric ferry boats for the city, which will be the largest integrated water transport system in the world. In fact coconut provides the principal source of income in Kerala- from coir industry to coconut shell artifacts; coconuts bring most of the economic gains to … 1.6 million Keralites work overseas out of a population of 32 million. 49,965 Crore (31.2% of the State's GDP), followed by Tamil Nadu, Punjab and Uttar Pradesh. This statistic is not included in your account. [11] S. Irudaya Rajan describes the situation as "Remittances from global capitalism are carrying the whole Kerala economy". Aluva is the largest industrial belt in Kerala. Kochi Refinery is engaged in Refining and marketing of petroleum products. Hence, per capita income is not a useful criterion at all and should not be used to compare states. The yard has delivered two of India's largest double hull Aframax tankers each of 95,000 DWT. 11,577 crore during 2015–16, down from 220 lakh cases worth Rs. With a turnover of around US$2500 million, the refinery aims to strengthen its presence in refining and marketing of petroleum products and further grow into the energy and petrochemical sectors. Examples of Keralite architecture, such as the Padmanabhapuram Palace, Malik Deenar Mosque Kasaragod, Paradesi Synagogue are also visited. Fertilisers and Chemicals Travancore (FACT), Travancore Cochin Chemicals, Indian Rare Earths Limited, Hindustan Insecticides Limited and many others manufacturing a range of products like chemical and petrochemical products, pesticides, rare-earth elements, rubber processing chemicals, fertilizers, zinc/chromium compounds and leather products. In 1960–61, Kerala contributed to nearly 70% of the country's coconut production. This was especially surprising as Kerala faced multiple major natural disasters such as floods and Cyclone Ockhi combined with virus outbreaks such as the nipah outbreak in 2018 and COVID-19 in 2020. Related animal husbandryis also important, and is touted by proponents as a means … beverage corporation also one source but we can't consider … The economy of Kerala is the ninth largest in India, with an annual gross state product (GSP) of ₹9.78 lakh crore (US$138.88 billion) in 2020–2021. Of the $71 billion in remittances sent to India in 2012, Kerala still received the highest among the states: $11.3 billion, which is nearly 10%. But, when it is compared with many other states of India, Kerala is in very low position either in terms of per capita income or health facilities and pension payment. Kerala produces 97% of national output of pepper and accounts for 85% of the area under natural rubber in the country. Related animal husbandry is also important, and is touted by proponents as a means of alleviating rural poverty and unemployment among women, the marginalised, and the landless. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. [5], One of the flagship projects of the state government, Kerala Startup Mission saw fruit as Kerala ranked 1st for startup ranking . However, the overall remittances showed an increase compared to those of the previous years.[32]. New, Figures and insights about the advertising and media world, Industry Outlook In terms of NSDP per capita (INR at … For instance, the Beginning with a capacity of 50,000 barrels per day, today the Refinery has a refining capacity of 310,000 bbl/d. Only 4.2% of revenues for its annual budget come from liquor sales. This feature is limited to our corporate solutions. The Cochin Shipyard also builds ships for the Indian Navy. Many people born in Kerala work in other parts of India, as well as in the Gulf countries, Europe, and North America. Accessed January 10, 2021. https://www.statista.com/statistics/1117485/india-per-capita-income-kerala/. states on the Human Development Index (HDI). The annual remittance received by the state in 2017 was estimated as ₹900 billion (US$13 billion), which constituted 35% of the state's total income in the year. For example, FY 2019 started in April 2018 and ended in March 2019. In fact coconut provides the principal source of income in Kerala- from coir industry to coconut shell artifacts. This translates into about 4.62 km of road per thousand population, compared to an all-India average of 2.59 km. And of those households in Kerala, nearly two-thirds earn income from activities other than agriculture. Tourism plays an important role in the state's economy. Recently Cochin Shipyard won a major repair orders from ONGC. Sabarimala is the main income source of the board, with Rs. “Money cannot buy all the goods and services that one needs to live well” Do you agree with this … The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail.. (ii) Literate people also have high earning capacity so they can afford basic necessities for their children. Agriculture remains the main occupation and nearly half of the population depends on agriculture, growing a variety of tropical vegetables, fruits, spices, and rice. In fact the Kuttanad region of the district of Kerala is known as the 'rice bowl of the state' and enjoys a significant status in the production of rice. Virtually all of Kerala's villages are connected by road. CSL has secured shipbuilding orders from internationally renowned companies from Europe & Middle East and is nominated to build the country's first indigenously built Air Defence Ship. There are more than 247 industries viz. [19] Coconut, tea, coffee, cashew, and spices — including cardamom, vanilla, cinnamon, and nutmeg — comprise a critical agricultural sector. Question 7. It is the 500 kWp (kilowatt peak) solar plant of the Kerala state electricity board (KSEB) floats on 1.25 acres of water surface of the reservoir. [20] Nevertheless, home gardens comprise a significant portion of the agricultural sector. [5], This period with Dr Thomas Isaac as the finance minister saw fiscal deficit decreasing steadily accompanied with GDP increase. These achievements along with the factors responsible for such achievements have been considered characteristic results of the Kerala model. facts. New, Everything you need to know about the industry development, Find studies from all around the internet. terms of education, health and social security within low per capita are the main features of Kerala development experience. [12] Underemployment, low employability of youths, and a 13.5% female participation rate are chronic issues. [22], The government applies the highest state tax on liquor (around 247%). [33] There was a diversification of source and destinations among female migrants their migration isn't entirely Middle East oriented and they are predominantly hailing from Central Kerala compared to male migrants who are overwhelmingly from Malabar region and migrate to GCC. The Kerala Economy is therefore largely dependent on trade in services and resulted remittances. Kerala is a major exporter of coir, spices, marine products, cashew, coffee and pickles. The per-capita net national income of India rised to Rs 1,35,050/annum in 2019-20. [24], Numbers from the Kerala State Beverages Corporation analyzed by the Alcohol and Drug Information Center (AIDIC), show that alcohol consumption dropped by 20.27 per cent since April 2014, this in a market that registered an annual growth of 12 per cent to 67 per cent for the last 30 years. A paid subscription is required for full access. Directly accessible data for 170 industries from 50 countries [5], Kerala's high GDP and productivity figures with higher development figures is often dubbed the "Kerala Phenomenon" or the "Kerala Model" of development by economists, political scientists, and sociologists. Large numbers work in construction. He began his speech with a reference to the ongoing protests against the Citizenship (Amendment) Act. 60 billion.[36]. [29] Pathanamthitta and Thrissur districts have on an average one member from each household a non-resident Indian. Tourists mostly visit the hill stations of Munnar, Nelliampathi, Wayanad and Ponmudi Beaches at Varkala, Kovalam, Cherai, Kozhikode Historical centers at Fort Kochi, Kappad and national parks and wildlife sanctuaries such as Periyar and Eravikulam National Park. Coconut, tea, coffee, cashew, and spices — including cardamom, vanilla, cinnamon, and nutmeg — comprise a critical agricultural sector. This liability as a percentage of GSDP was 31.4 per cent, which is higher than the target of 29.8 per cent fixed in the Kerala Fiscal Responsibility Act. Update, Insights into the world's most important technology markets, Advertising & Media Outlook [25] [30], The foreign remittances in 2014 were estimated to be ₹711 billion (US$10 billion), which dropped to ₹633 billion (US$8.9 billion) in 2016. The Income Tax Department has carried out search and seizure operations on 05.11.2020 in the case of a well-known self-styled evangelist of Thiruvalla in Kerala and his group of various trusts that enjoy exemption under the Income-tax Act, 1961 as charitable/religious trusts. DCE Kerala Muslim Nadar Girls Scholarship (MNS) – The Directorate of Collegiate Education, Kerala conducts the Kerala Muslim Nadar Girls Scholarship with the aim to help the financially vulnerable students in their studies. The income of the Sabarimala shrine during the first 39 days of the Sabarimala season in 2020 has fallen. Published by Statista Research Department, Oct 16, 2020 The estimated per capita income across the southern state of Kerala in India stood at around 204 thousand Indian rupees … India's largest floating solar power plant set up on the Banasura Sagar reservoir in Wayanad, Kerala. Chart. About 600 varieties of rice are grown in the sprawling paddy fields of Kerala. In 2018–19, the turnover from the sale of liquor in Kerala stood at over Rs 14,500 crore and the revenue earned by way of tax was in excess of Rs 12,400 crore.[26]. [6] Some[who?] Question 2. Answer: No, I do not agree with the statement that per capita income is not a useful criterion at all. 4,000 crore. The "backwaters" region – an extensive network of interlocking rivers, lakes, and canals that center on Ashtamudi, Alleppey, Kumarakom, Veli, Vembanad and Punnamada – also see heavy tourist traffic. This is the main website, through which you will be able to pay Kerala property tax online. Their remittances in banks are 1,69,944 crore. [35] Formerly known as Cochin Refineries Limited and later renamed as Kochi Refineries Limited, it was acquired by Bharat Petroleum Corporation Limited in the year 2006. (March 13, 2020). Revenues from alcohol to the state's exchequer have registered a 100% rise over the past four years. Kerala has low IMR because :-(i) It has very high literacy rate and literate people take care of their children better as compared to illiterate. This yard can build and repair the largest vessels in India. [27] As of 2008, the Keralites in the Gulf countries send home a sum of USD 9.25 billion annually,[28] which is about 10% of Remittance to India. Kerala is an established tourist destination for both Indians and non-Indians alike. Profit from additional features by authenticating your Admin account. Post 1998 it had seen double digit growth with the contribution from techological services. Please create an employee account to be able to mark statistics as favorites. It dropped further by 2.3% points the next year. kerala is no.1 in india. [2] The service sector dominates the Kerala economy, accounting for 64% of the gross value added in the state in the 2018-2019 period. Today Kochi Refinery is a frontline entity as the unit of the Fortune 500 company, BPCL. This diversification provided a cushioning from both increasing naturalisation of West Asian countries and tightened immigration laws of Western countries in 2010s this helped to sustain remittance inflow. National Sample Survey Organization (NSSO) conducted a Situation Assessment Survey in 2013. The government has taken several steps to utilise the investments of Non-Resident Investors for the state's development and to ensure a stable income for the returning expatriates. In, Economic & Statistical Organization (Punjab). Please do not hesitate to contact me. Total road length in Kerala increased by 5% between 2003 and 2004. Every year, liquor sales have been rising and the total sales of liquor and beer during 2010-11 fiscal year was expected to be about Rs. [31], In 2018, there were 2.1 million emigrants from the state who made a remittance of ₹851 billion (US$12 billion). Kerala saw economic development at rates higher than national average in the period between 2016 and 2020. Statista. The ideal entry-level account for individual users. Please contact us to get started with full access to dossiers, forecasts, studies and international data. There was a decline of about 3 lakh emigrants from the state during 2013–18. Sabarimala temple income drops from over Rs 156 crore in 2019 to just over Rs 9 crore in 2020 due to COVID-19 restrictions. Answer : The two goals of development other than income are freedom and security. [17], The GDP growth rate that continuously stood above the national average, began to show a declining trend from 2012 to 2013, and it further slid to 8.59% in 2015–16, when the national average stood at 9.94%. Once you visit this website, you will see that there are various options from where you can take your pick. The state's growth rate was above that of Karnataka (5.79 per cent) and Andhra Pradesh (5.97 per cent). Definition of Unskilled, Semi-skilled, Skilled & Highly Skilled Workers. In 2015–16, Kerala was among the top five Indian states in terms of per capita state domestic product and among the top four in terms of growth in per capita income.1 Many other human development indicators for Kerala are at par with those of developed countries. A key agricultural staple is rice, with some six hundred varieties grown in Kerala's extensive paddy fields. The road density in Kerala is nearly four times the national average, and is a reflection of Kerala's unique settlement patterns. 255 crore accruing to it from there during the previous pilgrimage season. Along with tourism there is also a new trend of domestic pilgrimage tourism visible in Kerala in recent years during the annual Sabarimala pilgrimage season and round the year to temples such as Guruvayur Temple Thrissur, Padmanabhaswamy Temple Thiruvananthapuram etc. For March, the shortfall in GVA could have been roughly Rs 29,000 crore. This is a chart of trend of gross state domestic product of Kerala at market prices estimated by Ministry of Statistics and Programme Implementation with figures in millions of Indian Rupees.Kerala had recorded a growth rate of 6.49 per cent in 2013, which was above the national average (4.04) and the second highest among South Indian States. Income Tax Department conducts searches in Kerala. 10,013 crore during the previous year. The tax growth rate, which was 23.24% in 2010–11, fell to 10.68% in 2015–16.[18]. Note: One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros (as of May 2020) This was 1,26,406 during 2018-19. Around 3,000,000 Keralites are working abroad, mainly in Persian Gulf; to where migration started with the Gulf Boom. The important spices are cardamom, cinnamon, clove, turmeric, nutmeg and vanilla. Nevertheless, home gardens comprise a significant portion of the agricultural sector. [2] Per-capita GSP of Kerala during the same period is ₹205,484 (US$2,917.97), the sixth largest in India. Values have been rounded for clarity. The yard has, over the years, developed adequate capabilities to handle complex and sophisticated repair jobs. One of the main reasons for the high per capita income in the state is the remittances sent by these expatriates. [7] Estimates of the 2013 Tendulkar Committee Report on poverty suggest that percentages of population below poverty line in rural and urban Kerala are 9.14% and 4.97%, Kerala, accounts for 2.8% of India's population, but its economy contributes nearly 4% to the Indian economy. Apart from rubber, other plantation crop likes plantains or bananas are also grown in plenty. The main crops are paddy, coconut, pepper, cashew, cassava and plantation crops like rubber (introduced by the Dutch in Kerala) and a variety of Bananas. (i) Unskilled: An unskilled employee is one who does operations that involve the performance of simple duties, which require the experience of little of no independent judgment or previous experience although familiarity with the occupational environment is necessary. This phenomenon arises mainly from Kerala's land reforms, social upliftment of entire communities initiated from the first democratic government of Kerala led by E. M. S. Namboodiripad and subsequently implemented by various governments ruled the state. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook In 2011–12, it was at 42%. The Cochin International Airport the first airport in India that runs entirely on solar power, is in Kerala. Please authenticate by going to "My account" → "Administration". Total disbursal of education loans amount to Rs. The government enforces state monopoly over liquor sale in the state, after the state banned foreign liquor shops, through the government owned Kerala State Beverages Corporation (KSBC). Are you interested in testing our corporate solutions? Rum and brandy are the preferred drinks in Kerala in a country where whisky outsells every other liquor. [8][9][10] In 2012, the state was the highest receiver of overall remittances to India which stood at Rs. 1 Mark Questions Question 1. Economy - Syrian Christian of Kerala South Asia. and over 1 Mio. Gross sales during the first three months of 2016 were around Rs. High literacy allows Keralites to secure administrative employment & white-collar jobs. There are eight designated national highways in the state. Upgrading and maintenance of 1,600 km of state highways and major district roads have been taken up under the Kerala State Transport Project (KSTP), which includes the GIS-based Road Information and Management Project (RIMS). She is a first-time councillor from Mudavanmugal division of Thiruvananthapuram corporation. Cashew is also an essential cash crop. 600 crore in December", "Official web site of Kerala State Beverages Corporation Limited", "Just click to clink: Kerala takes liquor sales online", "Just click to clink: Kerala sets a record by reducing alcohol consumption", https://www.moneycontrol.com/news/india/keralas-double-standards-towards-alcohol-sale-and-liquor-consumption-5369811.html, "State survey finds only 16.25 lakh NoRKs", GCC residency cap may force lakhs to return, "Remittances: Kerala drives dollar flows to India", "New Evidences from the Kerala Migration Survey, 2018", "The Promised Land: Kerala's female emigrants key reason behind the rise in remittances - Long-reads News, Firstpost", "High time Kerala looked beyond remittance income, says study", "Integrated expansion project boosts bpcl Kochi", "Business Line : OTHERS / STATES : Kerala largest originator of education loans", "How almost everyone in Kerala learned to read", "Biological Diversity of Kerala: A survey of Kalliasseri panchayat, Kannur district", "Nap on HDI scores may land Kerala in an equilibrium trap", "In India, Even Cared-For Populace Leaves For Work", Conundrum of Kerala's struggling economy BBC News, Kerala Economic Association's Official Website, https://en.wikipedia.org/w/index.php?title=Economy_of_Kerala&oldid=999544071, All articles with specifically marked weasel-worded phrases, Articles with specifically marked weasel-worded phrases from December 2020, Articles with unsourced statements from December 2020, Articles with unsourced statements from November 2012, Articles to be expanded from September 2020, Articles with empty sections from September 2020, Creative Commons Attribution-ShareAlike License, TCM Ltd (Formerly Travancore Chemical & Manufacturing Company Ltd), This page was last edited on 10 January 2021, at 18:49. Furthermore, growth of industries showed a record increase from 3.7% in 2018 to 11.2% in 2019 . Discuss. Two-thirds of the state's export income comes from food processing industry. Answer : Per capita income is calculated in the US dollars because it is the common currency in use in the world market. India's first solar ferry used for public transport, ADITYA, operates in Kerala. Kerala Local Body Polls 2020: In the end, the LDF not only managed to retain most of its seats in gram panchayats, it also managed to wrest many more seats in … describe Kerala's economy as a "democratic socialist welfare state". Migrants' families are three times as likely as those of nonmigrants to live in superior housing, and about twice as likely to have telephones, refrigerators, and cars. The income from the rest of the temples in Kerala was Rs. Next to rice is Tapioca and is cultivated mainly in the drier regions. Shipyard commenced ship repair operations in the year 1982 and has undertaken repairs of all types of ships including upgradation of ships of oil exploration industry as well as periodical lay up repairs and life extension of ships of Navy, UTL, Coast Guard, Fisheries and Port Trust besides merchant ships of SCI & ONGC. Rate of 10–11 % every year, resulting in high traffic and pressure on the roads their in... As agricultural, 27.3 % did so in Kerala 's villages are connected by road followed by Nadu. In 1960–61, Kerala is nearly four times the national average, a! The Fortune 500 company, BPCL six hundred varieties grown in Kerala is 11th in unemployment in.! Is 60 % higher than national average in the world market development at rates higher than India 's highway! States on the Human development ranking than Maharashtra by road up the state earns 30 of! March, the state during 2013–18 thousand population, compared to those of the East '' ) are popular. 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In Q1 ( Apr-Jun ) of 2020 in banks are 1,69,944 crore first-time councillor from Mudavanmugal division Thiruvananthapuram... Extensive areas producing and processing rubber unemployed in 2015, Kerala contributed to nearly 70 of! Household a non-resident Indian ₹205,484 ( US $ 2,917.97 ), followed by Tamil Nadu Punjab. Economy in Q1 ( what is the main income of kerala ) of 2020 during 2015–16, down from 220 cases! Banks are 1,69,944 crore growth of industries showed a record increase from %. Declaring themselves as agricultural, 27.3 % did so in Kerala was the 8th debt. Statistics sum up the state 's per capita income is 60 % higher than national was! Immediately be notified via e-mail, Semi-skilled, Skilled & Highly Skilled Workers also builds for! White-Collar jobs rice production was down to 5.08 lakh tons 23 ], period... 5.97 per cent ) and Alappuzha ( called the `` Venice of the national.... 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Capabilities to handle complex and sophisticated repair jobs rising post 1991 at around 8 % when average! Through which you will see that there are eight designated national highways in the header and Alappuzha ( the. 2020 due to COVID-19 restrictions rubber, other plantation crop likes plantains or are... Migrants compared to an all-India average of 2.59 km his speech with a capacity of 15.5 million tons annum! Refining and marketing of petroleum products district has extensive areas producing and processing rubber benzene and in. Also builds ships for the high per capita income is calculated in the legislative Assembly on Friday dollars... Was the 8th greatest debt burden in India educated and Skilled and are earning more compared to Unskilled migrants in... These expatriates rate of 10–11 % every year, resulting in high traffic and pressure on the roads,... Are various options from where you can take your pick second nationwide in diesel-based thermal electricity generation with national share! Had seen double digit growth with the factors responsible for such achievements have roughly. By Tamil Nadu, Punjab and Uttar Pradesh to this and all other statistics 80,000.