Keralam budget and economy
Keralam's economy is driven by services, tourism and money sent home by people working abroad, especially in the Gulf. It is India's largest producer of rubber and a major grower of coconut, pepper, cardamom and other spices, and fishing is important along its coast.
Key figures
| GSDP, 2026-27 (budget projection, current prices) | Rs 16.29 lakh crore (14% more than 2025-26) |
|---|---|
| Real growth, 2024-25 (constant prices) | 6 per cent |
| Share of the economy, 2024-25 | agriculture 9%, industry 24%, services 67% |
| Per capita GSDP, 2024-25 (current prices) | Rs 3,46,437 |
GSDP (gross state domestic product) is the value of all goods and services produced in the state in a year. Real growth leaves out the effect of rising prices.
Sources
Figures: the Keralam budget for 2026-27 and MoSPI estimates, as summarised by PRS Legislative Research (linked below).
Reference links
- PRS Legislative Research: Keralam Budget Analysis 2026-27: summary of the state budget
- Ministry of Statistics and Programme Implementation: official GDP and state GSDP estimates
- Reserve Bank of India: Handbook of Statistics on Indian States: official state-wise economic data