External Sector

March 13, 2015 | By | Add a Comment


Improved global activity and pick up in world trade volume has revived India’s export performance. The sustainability of the trade performance would depend on pace of economic activity within the country. Kerala is a major contributor to India’s external trade and has an important role in the export prospects of the nation. Tourism sector also plays a key role in the overall economic growth of the state. The direct impact of tourism is visible from the performance of trade, hotels and restaurants sector which contributes a major share of Kerala’s service sector GDP. The contribution of this sector is 17.4 percent of the GSDP during the period under review. Remittances of non resident Keralites and tourism are also very significant drivers of Kerala’s economy

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Source: State Planning Board

Date: 13/March/2015

Filed in: Analysis

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