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Kerala's Economy
When a
prominent leader of Kerala's Communists once was asked how he felt
about industrialization his response was very frank : he was keen
only for labor-intensive production.
"It was good luck that the Communists were genuine Gandhian. That
is, they were genuinely interested in the poorest people,"
states an American Academic. Kerala features a quality of life
matching Western Standards in literacy, life expectancy and other
benchmarks. An extraordinary achievement for an economy clearly
dominated by agriculture. The Co-operative movement played a
significant role in financing, marketing products and housing. Land
Reform achieved that 90% of people live on their own land.
But things become more difficult in The Global World. Remittances
from the more than 2 million Keralites working abroad in recent
years have been the most important stimulant for the economy.
Investing their savings they will help to build a base for the
future.
Economic Highlights !
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Population |
33,000,000 |
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Area |
38.864 sq. km |
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State Domestic Product |
Rupees 62556 Crore (14619.30 Million Euros) |
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Per Capita Income |
Rupees 19,461 (454.80 Euros) |
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India as a whole is the world's 3rd largest exporter of spices.
75 % of all spices exported from India in fact come from Kerala
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90
% of India's rubber production comes from Kerala.
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Kerala was stated to be one of the 50 Top Tourist Destinations
of the World by National Geographics Magazine.
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There
are tremendous opportunities in Kerala's economy - barely touched by
the global business community. The state's infrastructure may be
less than ideal but is reasonably well developed. So the route to
future is wide open !
Kerala has a long tradition providing its people with good
education. A century ago some of the Grand-Grand-fathers of today's
generations got in touch with the ideals of communism. They were
successful in confronting caste discrimination and autocratic
powers. Organizing themselves they brought land reforms, good
governance and distribution of wealth. Public protest to hold public
officials accountable is a vital part of Keralan life. Like their
forefathers did the right things by emphasizing social values,
today's generations discover " The Spirit of Free Enterprise " !
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