Premium
This is an archive article published on May 27, 2006

But UDF had contrasting figures

Thomas Isaac’s SOS comes barely three months after the ruling benches in the Kerala Assembly had thumped desks to welcome the state economic review report.

.

Thomas Isaac’s SOS comes barely three months after the ruling benches in the Kerala Assembly had thumped desks to welcome the state economic review report. Excerpts:

Kerala economy notched an impressive 9.2 per cent growth in 2004-05, buoyed largely by a 13.8 per cent growth in the services sector – the primary and secondary sectors had logged only 2.5 per cent and 1.3 per cent.

State income grew by 11.7 per cent, and per capita income had gone up to Rs 27,048 from the Rs 24,942 in the previous year.

Story continues below this ad

Industrial growth rate, which was negative in 2002-2003, had increased to 7.14 per cent in 2003-04, before sliding to 5.77 per cent in 2004-2005.

The report had said the IT sector too had made substantial progress in terms of investments, infrastructure and employment generation.

Foreign tourist arrivals had increased by 17.28 per cent and more than one out of every 10 tourists coming to India were in Kerala.

Kerala recorded 28.82 per cent growth in forex remittances last year.

Story continues below this ad

On the flip side, 37.56 lakh people still hoped to find a job through Employment Exchanges, and 1.76 professionals and technically qualified persons were jobless in the state, the report said.

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement