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ECONOMIC REVIEW 2018

GOVERNMENT OF KERALA

Volume One

Economic Review 2018

Economic Review 2018

FOREWORD

Economic Review 2018

Economic Review 2018

Economic Review 2018

K

ERALA AT A GLANCE

K ERALA"S ECONOMIC AND SOCIAL INDICATORS - A QUICK LOOK DI S TRICT S - A

N OVERVIEW

L I S

T OF TABLES

L I S

T OF BOXES

L I S

T OF FIGURES

CH A P TER 1 K

ERALA ECONOMY 01

18 21
28
CH A P TER 2 AGRIC U

LTURE AND ALLIED SECTORS47

102
CH A P TER 3 M

ANUFACTURING SECTOR 110

111
CH A P TER 4

SERVICE SECTOR 169

HealthͳͻͲ

ϐ211

CH A P TER 5 L A B O U

R AND EMPLOYMENT271

CH A P TER 6 I

NITIATIVE

S

FOR SOCIAL INCLUSION305

CH A P TER 7 A

RT, CULTURE AND SPORTS353

CH A P TER 8 K

ERALA DIASPORA365

CH A P

TER 9INFRASTRUCTURE375

CH A P

TER 10

L

OCAL GOVERNMENTS AND DECENTRALISED PLANNING451

CH A P

TER 11KERALA"S FOUR MISSIONS FOR DEVELOPMENT477

CH A P

TER 12BUILDING A NEW KERALA487

G LO SS AR Y499 ABB

REVIATION

S503

Economic Review 2018

KERALA AT A GLANCE

Economic Review 2018

1 2 K

ERALA"S ECONOMIC AND

S

OCIAL INDICATORS - A QUICK LOOK

Economic Review 2018

20

ͳ͵ͳ͵ͳͷ18ͳͻ21

͵ͻ‘000 tonnes18ͳ͵22ͳ͹͵22

Forest

Health

ͳͻ͹ͲǦ͹ͳͳͻͺͲǦͺͳ ͳͻͻͲǦͻͳ2001ʹͲͲͻ20102011ʹͲͳ͹

͸͹Death Rate ͳͲͲͲͻ͸͸͹͹͹͹8 #Modern Medicine and Ayush included: ##SRS 2017 September *Base year 2011-12 ** excludes LSGD non pucca roads

Economic Review 2018

2

DISTRICTS - AN OVERVIEW

8 11 12 * open forest included , ** excludes LSGD non pucca roads

Economic Review 2018

2

DISTRICTS - AN OVERVIEW

8 11 * open forest included , ** excludes LSGD non pucca roads

Economic Review 2018

LIST OF TABLES

Economic Review 2018

Economic Review 2018

Economic Review 2018

LIST OF BOXES

Economic Review 2018

Economic Review 2018

8

LIST OF FIG

U RES

Economic Review 2018

Economic Review 2018

“In conceptual terms, gross domestic product is a product, although in mathematical terms it is actually a sum total. The idea of GDP is based on the supposition that one can grasp all the goods produced and services provided in a country as a single aggregate asset, the monetary value of which can be calculated. This also explains why the term is used in the singular and one never talks of a country"s “gross domestic products"

Global Economic Scenario

ibid ibid et. al 01

CHAPTER

“Private debt

has exploded, especially in emerging markets and developing countries, whose share of global debt stock increased from 7 per cent in 2007 to 26 per cent in 2017, while the ratio of credit to non- economies increased from 56 per cent in 2008 to become more volatile but turned negative for emerging and developing countries as a group in the second quarter of 2018"

The Indian Context

Trends in Kerala"s Economic Growth

Table 1.1

Sl.

NoItem At 2011-12 PricesAt Current Prices

2015-16 2016-17 2017-18 (PE)2015-16 2016-17 2017-18 (PE)

Note

Figure 1.1

Source

Table 1.2

Sl.

NoItemȋീȌȋΨȌ

2015-162016-17 (P)2017-18 (Q)2016-17 (P)2017-18 (Q)

1Gross State Domestic Product

2Net State Domestic Product

3 Per

Capita

GSDP 4 Per

Capita

NSDP

Source

Per Capita State Income

Sectoral Distribution of Gross State Value Added (GSVA)

Figure 1.2

Source

Table 1.3

Source

Figure 1.3

Source

District-Wise GSVA

District-Wise Per Capita Income (GSVA)

Inflation - Recent Trends

All India

Table 1.4

State1,23,9601,30,6775.42

Source

Box 1.1

Source

Price Level in Kerala

Consumer Price Index (CPI)

Table.1.5

Commodity2016-172017-18Aug.2018Sep.2018

Source

Retail Prices

Parity Index

Wages

Figure 1.4

Source

Interventions in the Market for Price

Control

Population Profile of the State

Child Population

Urbanisation

Literacy

Figure 1.5

Source

Sex Ratio

Child Sex Ratio (0-6 Years)

Density of Population

Age Group Distribution 1961-2011

District-Wise Age Group Distribution

Figure 1.6

Source

Table 1.6

Source

Table 1.7

YearKeralaIndia

UrbanTotalUrbanTotal

Source

SDG ItemAimKerala"s Score All India Score

Box 1.2

Sourcewww.niti.gov.in

The Spread of Banking - All India and State Level

Deposits

Table 1.8

Sl. No

Semi-urban UrbanTotalPer cent

Source

Deposits in Scheduled Commercial

Banks

NRI Deposits

Figure 1.7

Source

Advances

Advances for Agricultural Purposes

Advances to SCs/STs and Weaker

Sections

Housing Loans

Educational Loans

Table 1.9

Sl.

NoSC Advances ST Advances

Number AmountNumber Amount

Source

Micro Finance

Credit-Deposit Ratio

District-Wise Analysis of Banking

Statistics

The Co-operative Banking Sector in Kerala

Box 1.3

Source

Non-Banking Financial Institutions/Companies

Kerala State Financial Enterprises Ltd.

(KSFE)

Figure 1.8

Source

chitty chitty

Kerala Financial Corporation (KFC)

Table 1.10

Sl.

No.ParameterʹͲͳͺco-operative to ȋΨȌCo-operative SectorCommercial and Co-operative

Source

Table 1.11

Source

PeriodȀȀȀȀ

“The masses which eventually acquired greater

power in the state saw themselves cheated of their prize when they got not the rich state but the poor one. The poor State can calmly be allowed to fall into the hands of the people, which thereby acquire nothing but empty coffers." (Goldscheid 1967)

Brief Background since the 1990s

Table 1.12

2011-122012-132013-142014-152015-162016-172017-18 2017-18 Actuals2018-19 BE

2011-122012-132013-142014-152015-162016-172017-18 2017-18 Actuals2018-19 BE

Source

Revenue Receipts

Own Tax Revenue (OTR)

Table 1.13

YearCentral TaxCentral Grants

Source

Figure 1.9

22.65
16.12 11.42 17.84 19.13 9.53 9.8 0 5 10 15 20 25

Growth Rate (%)

Source

Table 1.14

YearȋീȌȋΨȌ

Source

Non-Tax Revenues

Source

Box 1.4

Table 1.15

Source

ʹͲͳ͸Ǧͳ͹Ȁ2017-18

Central Resource Transfer

Figure 1.10

0.71 1.02 1.2 1.42 1.5 1.57 1.71

0.36 0.37

0.38 0.36 0.38 0.39 0.41 0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8

ONTR/GSDP

ONTR-Lotteries/GSDP

Source

Table 1.17

YearFlexible Tied

Source

Table 1.16

Source

YearTax

DevolutionFC grants

(general)FC grants

ȋϐȌNon-Plan

grants

FC State

Plan grantsȀCentral

Transfer

Figure 1.11

Source

Source

Box 1.5

Table 1.18

YearGeneral ServicesSocial ServicesEconomic Services Grants in Aid

Source

Revenue Expenditure

Source

Year

Expenditure Expenditure Plan ExpenditurePlan

Expenditure

Non-Plan

ExpenditureNon-Plan Expenditure

Figure 1.12

Source

Committed Revenue Expenditure

Table 1.21

SalariesPensionInterestTotal

Source

Figure 1.13

Source:

Table1.20

YearDevelopment

Source

Table 1.22

YearFoodPowerTotalȀΨ

Source

YearCapital

Expenditure

DisbursementsGeneralSocial Economic

Source

Explicit Subsidies -

Components and Trends

Capital Expenditure

Table 1.25

YearȀ

Source

Source

Debt Stock

Borrowings and Liabilities as a

Proportion of Revenue Receipts

Table 1.24

YearȀ

Expenditure

Source

YearGuarantee OutstandingGuarantee Ceiling

Source

“Interest payments as a percentage of revenue

receipt showed a decreasing trend during the last two years, which indicated that State"s interest liability was not growing with increase in debt liability."

Changing Composition of Borrowings

and Liabilities

Guarantees given by the Government

of Kerala

Table 1.26

YearSmall savings and

PF

Source

Stationarity Test for Borrowings and Liabilities - An Analysis

The Way Ahead

Box 1.6

Digitalisation of Monitoring

Mechanism

Plan Space -District Roll out

Table 1.28

No.Sector2017-182018-19Ψ

increase over

References

‘Principles of Public Finance

‘Classics in the Theory of Public Finance"

www.goldmansachs.com/insights/ www.imf.org/en/ economic-outlook-october-2018, updated January

2, 2019

http://documents.worldbank.org/curated/ en/504081539872309936/text/dcs2018-0061-

10132018-636754107315160275.txt

The Power of a Single

Number, A Political History of GDP

www.thenextrecession.

Trends in Growth Rate

Monsoon 2018

02

CHAPTER

Table 2.1

Sl.NoYearShare of Agriculture and allied

sectors in Total GVA (India)Share of Agriculture and allied sectors in GSVA (Kerala)

Source:

Figure 2.1

0 500
1000
1500
2000
2500
3000
3500
4000

Rainfall in mm

District

Actual rainfall (mm)

quotesdbs_dbs47.pdfusesText_47

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