Overview
Kerala, with a GSDP of ₹12.96 lakh crore in 2023–24, recorded a growth rate of 8.2%. The state’s per capita income stands at ₹2,65,586, reflecting a well-developed economy focused on high-quality services, tourism, and remittances. Kochi and Thiruvananthapuram are key commercial and administrative hubs, while the state benefits significantly from its thriving tourism sector and large expatriate population contributing to its economic growth.
Why Invest in Kerala
- Tourism Hub: A leading destination for medical tourism, eco-tourism, and leisure travel.
- Services Sector: Strong presence in education, healthcare, and information technology.
- Sustainable Development: Focus on renewable energy, green technologies, and sustainable industries.
- Government Support: Proactive industrial policies and incentives to boost investment in diverse sectors.
Incentives & Schemes
- Tourism Promotion: Special incentives for investments in tourism infrastructure and services.
- Industrial Investment Policy:: Fiscal incentives for manufacturing, especially in electronics and food processing.
- Renewable Energy: Focus on solar energy and waste-to-energy projects for sustainable growth.
Key Economic Data: Kerala
| Category |
Details |
| Capital |
Thiruvananthapuram |
| GSDP (2023–24) |
₹12.96 lakh crore |
| Growth Rate |
8.2% |
| Per Capita Income |
₹2,65,586 |
| Top Sectors |
Services, Tourism, Healthcare |
| FDI Share in India |
2.3% |
| Top FDI Sources |
Top FDI Sources |
| Cumulative FDI (FY2024) |
₹3,500 crore (Q1) |
| Policy Impact |
Focus on sustainability, tourism, and services |
| Recent FDI |
₹1,000 crore (2020–21) |
Latest Insights
- Kerala attracted ₹3,500 crore in cumulative FDI by Q1 FY2024.
- Tourism continues to be a major economic driver, with a strong focus on eco-tourism.
- Government initiatives are bolstering sectors like healthcare, renewable energy, and infrastructure development.
