Kerala: The Kerala economy is rising at a rate of 12.01 percent as it progressively emerges from the Covid pandemic-induced recession. The Department of Economics and Statistics has released data showing that the growth rate has increased from 8.43% last year, to 12.01% in 2021–22.
In 2019–20, the state’s growth was only 0.9%. The Keralan state’s GDP is Rs 5,73,591.46 crore. Rs 1,62,992 is the per-capita income. Income per capita has increased by 11.45%. The previous year saw an 8.88% decrease in per capita income.
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Hotel-restaurant industry saw 114.03% rise
Kerala’s hotel-restaurant industry saw the biggest rise (114.03 per cent). The aviation industry is not far behind at 74.94%.
Due to lockdown and travel restrictions, there was a major reduction in both of these industries during the previous two years. The current expansion of these industries is a result of the tourism industry’s recovery.
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Agriculture and manufacturing sector
However, the agriculture industry is only growing by 4.64 percent. According to sources, the manufacturing sector is only growing by 3.63 percent.
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