Kerala Economic Review 1997

Abstract

The GDP growth rate for the Eighth Five Year Plan averaged at 6.5 per cent. For 1996-97, the last year of the plan, GDP growth was 7.5 per cent. But it is disquieting to note that in 1997-98, the first year of the Ninth Plan, there is a significant fall in GDP growth rate. The Central Statistical Organization has estimated that the growth rte in 1997-98 will be only 5 per cent, a steep fall of 33.33 per cent compared to the previous year. The decelaration has been on account of a negative growth in agriculture and a much slower growth in industry.