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GSDP Stood at Rs KERALA VADAKKUMNATHAN TEMPLE IN THRISSUR, KERALA June 2021 For updated information, please visit www.ibef.org Table of Contents Executive Summary 3 Introduction 5 Economic Snapshot 10 Physical Infrastructure 16 Social Infrastructure 24 Industrial Infrastructure 27 Key Sectors 33 Key Procedures & Policies 39 Appendix 49 2 Executive summary (1/2) Cultural diversity and well-developed tourism sector . Kerala is known as God’s own country. It is one of the few states to have marketed its natural beauty successfully 1 to the leisure tourism sector. The state’s unique heritage and cultural diversity have helped attract tourists from the world over. Highest literacy and sex ratio . In December 2020, the ‘e-Keralam’ project was launched to increase internet awareness and achieve cent 2 percent e-literacy in the state. Development projects . In December 2020, Kerala Government announced that development projects worth Rs. 10,000 crore (US$ 1.36 billion) will either be completed or launched in the state in the next 100 days. Of these, a total of 5,526 projects 3 will be completed or inaugurated, amounting to Rs. 5700 crore (US$ 774.89 million), and 646 projects worth Rs. 4,300 crore (US$ 584.57 million) will be launched. Source: Economic Review of Kerala 2014-15 and 2017-18, Kerala IT Policy, TEU’s = Twenty-foot Equivalent Unit, Ministry of Commerce and Industry, New Indian Express, State budget 2018-19, Migration And Development Brief 27 by World Bank, Indian Port Trust. 3 Executive summary (2/2) First international container transshipment terminal . Kerala has the first international transhipment terminal in India, having a design capacity of around 4 million 4 TEUs & providing better connectivity between Kerala & other ports in India. Presence of world class technology park . Kerala has been promoting knowledge-based industries such as IT/ITeS, computer hardware & biotechnology. It 5 is the first state having a technology park with CMMI level 4 quality certification & a world-class IT campus in Thiruvananthapuram. Cargo Traffic in Cochin Port 6 . Cargo traffic handled by the Cochin port stood at 5,171 thousand tonnes between April and May 2021. Source: Economic Review of Kerala 2014-15 and 2017-18, Kerala IT Policy, TEU’s = Twenty-foot Equivalent Unit, Ministry of Commerce and Industry, New Indian Express, State budget 2018-19, Migration And Development Brief 27 by World Bank, Indian Port Trust. 4 INTRODUCTION 5 Kerala fact file Thiruvananthapuram Capital 860 persons per sq km 33.41 million Population density total population 38,863 sq.km. geographical area 17.38 million 16.02 million female population male population 1,084 administrative districts: Sex ratio 93.91% (females per 1,000 males) literacy rate 14 Key Insights . Kerala is located along the coastline to the extreme south-west of the Indian peninsula, flanked by the Arabian Sea on the west and the mountains of the Western Ghats on the east. The state has a 580 km long coastline. Malayalam is the most commonly spoken language. Hindi, English and Tamil are the other languages used. Kochi, Kozhikode, Kollam, Thrissur, Alappuzha, Palakkad, Thalassery, Ponnani and Manjeri are some of the key cities in the state. eThere ar 44 rivers flowing through Kerala, the major ones being Periyar (244 km), Bharathapuzha (209 km) and Pamba (176 km). Out of these 44 rivers 41 are west flowing and 3 are east flowing. Source: Kerala at a glance, Economic Review of Kerala,2014-15, Government of Kerala website, Census 2011, Central Statistics Office 6 Advantage: Kerala Leader in tourism Policy and . In 2019(P), 18.30 million domestic tourists infrastructure support and 1.18 million foreign tourists arrived in . Kerala has a wide range of fiscal and policy incentives for Kerala. businesses under the Industrial and Commercial Policy and . BBC Travel survey has rated Kerala as the has well-drafted sector-specific policies. top favourite tourist destination among . In October 2020, Kerala's first and nation's foreign travellers. twentieth mega food park was inaugurated in Palakkad district. The park is expected to create ~5,000 direct and indirect jobs and benefit ~25,000 farmers. High economic growth • At current prices, Kerala’s total Rich pool of skilled labour GSDP stood at Rs. 876,283 • Kerala has a large base of skilled crore (US$ 119.93 billion) in labour, making it an ideal 2021-22, an increase of 1% over destination for knowledge-intensive FY20. sectors. • Kerala is the leader in rubber • The state has the highest literacy production; high demand of rate in the country. rubber has opened up immense • It has a large pool of semi-skilled opportunities for the state in the and unskilled labourers. rubber industry. Source: Ministry of Statistics and Programme Implementation, News articles 7 State vision 2030 6 Agriculture & 1 Industry . Increase the share of manufacturing to livestock 10% of the GSDP by 2030. Shift from subsistence farming to . Sustained increase in employment in highly knowledge intensive, manufacturing. competitive farming. Self sufficiency in supply of fish, 1 6 meat, milk and other dairy products to the local market. 2 Transport 5 Health . Green, sustainable and . Increase health expenditure to safe transport. GSDP ratio from 0.6% in 2012 to 4- 2 5 5% by 2027−31. Set up three medical cities by 2030. Provide health insurance cover to all. 3 Energy . Affordable and clean power to all. 3 4 4 Education . Exploit the full potential of hydro- . Provide high quality education electric generation. at affordable rates. 100 % electrified households with . Create a global brand name in 24*7 availability. education and develop into a knowledge hub by 2030. 8 Kerala in figures Kerala’s Contribution to Indian Economy (2018-19) Physical Infrastructure in Kerala GSDP GSDP as a percentage of all states’ GSDP Installed power capacity (MW) (April 2021) India: 100.0 | Kerala: 4.02 India: 382,730.02 | Kerala: 5,836.95 GSDP growth rate** (%) Wireless subscribers (million) (as of February 2021) India: 11.5 | Kerala: 11.72 India: 1,167.71 | Kerala: 44.99 Per capita GSDP* (US$) Internet subscribers (million) (as of December India: 1,877.36 | Kerala: 3,329.12 2020) India: 795.18 | Kerala: 29.64 Social Indicators National highway length (kms) (as of FY21) India: 136,440 | Kerala: 1,781.57 Literacy rate (%) India: 77.7 | Kerala: 96.2 Major and minor ports (No.) India: 13+187 | Kerala: 1+17 Birth rate (per 1,000 population) (2018) India: 20 | Kerala: 13.9 Airports (No.) Industrial Infrastructure India: 153 | Kerala: 4 Operational PPP projects (No.) (December 2019) Investments (as of March 2021) India: 1824 Kerala: 33 Cumulative FDI equity inflow between October 2019 and March 2021 Exporting SEZs (No.) (as of October 2020) India: US$ 83.516 billion | Kerala : US$ 269.61 million India: 426 | Kerala: 29 PPP: Public-Private Partnership, SEZ: Special Economic Zone, SRS: Sample Registration System, * - Including Lakshadweep 9 ECONOMIC SNAPSHOT 10 Economic snapshot – GSDP GSDP of Kerala at current prices Per Capita GSDP of Kerala at current prices 140.0 CAGR 11.72% 12 3,500 300000 CAGR (in Rs.) 10.50% 120.0 10 3,000 250000 132.7 3,329 3,234 125.3 3,156 100.0 9.8 2,500 8 110.6 8.8 200000 2,757 108.7 245,323 2,514 80.0 94.6 7.7 2,000 227,979 85.9 7.0 6 150000 203,399 60.0 6.3 1,500 184,979 5.6 4 164,554 100000 40.0 1,000 20.0 2 500 50000 0.0 0 0 0 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21E 2015-16 2016-17 2017-18 2018-19 2019-20 US$ billion Rs. trillion US$ Rs. At current prices, Kerala’s Gross State Domestic Product . The state’s per capita GSDP stood at Rs. 245,323 (US$ 3,329) (GSDP) was about Rs. 9.78 trillion (US$ 132.7 billion) in 2020- in 2019-20. 21. Per capita GSDP increased at a CAGR of 10.50% between . The state’s GSDP recorded a CAGR of 11.72% between 2015- 2015-16 and. 2019-20. 16 and 2020-21. Note: E - Estimate Source: Directorate of Economics and Statistics of Kerala, Per Capita GSDP^ - calculated using GSDP million US$/Population in million 11 Economic snapshot – NSDP NSDP of Kerala at current prices NSDP per capita of Kerala at current prices 120.00 CAGR (in Rs.) 11.18% 9 3,500.00 250,000 CAGR (in Rs.) 10.63% 8 100.00 3,000.00 7 200,000 7.73 2,500.00 104.91 7.13 221904 80.00 98.08 6 101.14 3,011.31 205,657 2,917.54 6.32 150,000 2,843.32 85.05 5 2,000.00 5.71 60.00 183,252 77.29 2,477.95 5.06 4 1,500.00 166,246 2,262.95 100,000 40.00 3 148,133 1,000.00 2 20.00 50,000 1 500.00 0.00 0 0.00 0 2015-16 2016-17 2017-18 2018-19 2019-20 2015-16 2016-17 2017-18 2018-19 2019-20 US$ billion Rs. trillion US$ Rs. At current prices, Kerala’s net state domestic product (NSDP) . Kerala’s per capita NSDP was Rs. 221,904 (US$ 3,011) in was ~Rs. 7.73 trillion (US$ 104.91 billion) in 2019-20. 2019-20. The state’s NSDP increased at a CAGR of 11.18% between . Per capita NSDP of the state expanded a CAGR of 10.63% 2015-16 and 2019-20. between 2015-16 and 2019-20.
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