Kerala Economic Review 2007

Abstract

The gross State Domestic Product of the state in real terms increased by 8.1 percent in 2006-07, which is marginally higher than the 8 percent of the previous year. But high growth rates in themselves do not signify much. They may be accompanied by, and for most states of late have been accomplished by, increasing distress for significant segments of the population. What was notable in Kerala during 2007 was that the high growth rate came together with reduced rural distress.