Question

Explain Economical features of Kerala?

Answer should be in atleast 5 points

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Answer 1

Explanation:

Kerala, accounts for 2.8% of India's population, but its economy contributes nearly 4% to the Indian economy.

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.[2] Per-capita GSP of Kerala during the same period is ₹205,484 (US$2,917.97), the sixth largest 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.

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Answer 2

Explanation:

Some points about economic fractures of Kerala :-

• Kerala produces 97% of national output of pepper and accounts for 85% of the area under natural rubber in the country.

• Coconut, tea, coffee, cashew, and spices — including cardamom, vanilla, cinnamon, and nutmeg — comprise a critical agricultural sector.

• Kerala is a small, densely crowded state in South India. It is a poor state, even by Indian standards.

• Indian economy is termed as the developing economy of the world. Some features like low per capita income, higher population below poverty line, poor infrastructure, agriculture based economy and lower rate of capital formation, tagged it as a developing economy in the world.

• India's most idyllic State, Kerala is today one of the most sought after tourist destinations in the world.