Kerala State GSDP Showed Rise This Year

Published on: 23 Jan, 2014
Published under: Kerala Business News

22 January 2014

Thiruvananthapuram

Though Kerala State have faced challenges from the global and national fronts but the state showed a great progressive increase in total GSDP which grew about 8.24 per cent in 2012-13.

Placed in the assembly today by the state Finance Minister K M Mani, the review said recent nationalization policies implemented in the Gulf would put added pressure on the state economy.The fall in rupee resulted in a jump of NRI deposits in Kerala, especially during April to June 2013 and the total NRI deposits stood at Rs 75,882 crore as on June last year, it added.

According to the current daily status approach, Kerala’s unemployment rate for those aged between 15-59 years was 16.5 per cent as against the national average of 5.8 per cent.The tourism sector in Kerala continued to grow with the industry contributing total revenue of Rs 20,430 crore from direct and indirect sources in 2012.

Foreign tourist arrivals in 2012-13 was 7,93,690, an increase of 8.28 per cent from last year. The number of domestic tourists visiting the state during the period stood at 10,076,854. Kerala Govt has asked center to give assistance for hurdles like challenges such as preserving the environment, aging population, high unemployment among educated people, mounting lifestyle diseases and migration related concerns.

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