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Economy Of Kerala
The economy of Kerala is the 11th largest in India, with an annual gross state product (GSP) of ₹13.11 lakh crore (US$157.45 billion) in 2024–2025. Per-capita GSP of Kerala during the same period is , the sixth largest in India. In 2019–20, the tertiary sector contributed around 63% of the state's GSVA, compared to 28% by secondary sector, and 8% by primary sector. Kerala's high GDP and productivity figures with higher development figures is often dubbed the " Kerala Phenomenon" or the "Kerala Model" of development by economists, political scientists, and sociologists. This phenomenon arises mainly from Kerala's land reforms, social upliftment of entire communities initiated from the first democratic government of Kerala led by E. M. S. Namboodiripad and subsequently implemented by various governments ruled the state. Kerala's economy is based on a social democratic welfare state. Some, such as Financial Express, use the term "Money Order Economy". Kerala is the second ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Rupee
The Indian rupee (symbol: ₹; code: INR) is the official currency of India. The rupee is subdivided into 100 '' paise'' (Hindi plural; singular: ''paisa''). The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank derives this role from powers vested to it by the Reserve Bank of India Act, 1934. Etymology Pāṇini (6th to 4th century BCE), the ancient Indian grammarian and logician, writes of the (). While it is unclear whether Panini was referring specifically to coinage, some scholars conclude that he uses the term ''rūpa'' to mean a piece of precious metal (typically silver) used as a coin, and a ''rūpya'' to mean a stamped piece of metal, a coin in the modern sense. The ''Arthashastra'', written by Chanakya, prime minister to the first Maurya emperor Chandragupta Maurya (), mentions silver coins as . Other types of coins, including gold coins (), copper coins (), and lead coins (), are also mentioned. The immediate precursor to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Democracy
Social democracy is a Social philosophy, social, Economic ideology, economic, and political philosophy within socialism that supports Democracy, political and economic democracy and a gradualist, reformist, and democratic approach toward achieving social equality. In modern practice, social democracy has taken the form of predominantly capitalist economies, a robust welfare state, policies promoting social justice, market regulation, and a more Redistribution of income and wealth, equitable distribution of income. Social democracy maintains a commitment to Representative democracy, representative and participatory democracy. Common aims include curbing Social inequality, inequality, eliminating the oppression of Social privilege, underprivileged groups, eradicating poverty, and upholding universally accessible public services such as child care, Universal education, education, elderly care, Universal health care, health care, and workers' compensation. Economically, it support ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unemployment In Kerala
Unemployment in Kerala discusses the causes and measures of Kerala unemployment and strategies for reducing it. Job creation and unemployment are affected by factors such as economic conditions, global competition, education, automation, and demographics. These factors can affect the number of workers, the duration of unemployment, and wage levels. Features Demographic Kerala is a state on the southwestern Malabar Coast of India. It accounts for 1.18% of the total area of India as well as around 2.76% of its total population. With a density of 859 persons per km2, its land is nearly three times as densely settled as the national average of 370 persons per km2. In the state, the rate of population growth is India's lowest, and the decadal growth of 4.9% in 2011 is less than one third of the all-India average of 17.6%. Kerala's population more than doubled between 1951 and 1991 by adding 15.6 million people to reach 29.1 million residents in 1991; the population stood at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Workforce
In macroeconomics, the workforce or labour force is the sum of people either working (i.e., the employed) or looking for work (i.e., the unemployed): \text = \text + \text Those neither working in the marketplace nor looking for work are out of the labour force. The sum of the labour force and out of the labour force results in the noninstitutional civilian population, that is, the number of people who (1) work (i.e., the employed), (2) can work but don't, although they are looking for a job (i.e., the unemployed), or (3) can work but don't, and are not looking for a job (i.e., out of the labour force). Stated otherwise, the noninstitutional civilian population is the total population minus people who cannot or choose not to work (children, retirees, soldiers, and incarcerated people). The noninstitutional civilian population is the number of people potentially available for civilian employment. \begin \text &= \text + \text \\ & ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Migrant Labourers In Kerala
Migrant labourers in Kerala, India's southernmost States and union territories of India, state, are a significant economic force in the state; there were around 2.5 million internal Migrant worker, migrants in Kerala according to a 2013 study by the Gulati Institute of Finance and Taxation. Every year, the migrant worker population in Kerala increases by 2.35 lakh (235,000) people. The study, based on long-distance trains terminating in Kerala, does not cover migrants from the neighbouring states who use other modes of transport. Assuming that the estimation is rigorous and extrapolating it, taking into account the net annual addition, possible growth in migration rate, as well as accounting for the migration from the neighbouring states, Kerala is likely to have 5 to 5.5 million inter-state migrant workers in 2020.https://www.unescogym.org/wp-content/uploads/2017/11/Gods-Own-Workforce-CMID-2017.pdf Despite their importance and despite many of them praising the state f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remittances To India
Remittances to India are money transfers (called remittance) from non-resident Indians (NRIs) employed outside the country to family, friends or relatives residing in India. India is the world's top receiver of remittances, claiming more than 12% of the world's remittances in 2015. Remittances to India stood at billion in 2023, up from billion in 2017. Remittances from India to other countries totalled billion in 2017, for a net inflow of billion in 2017. As per the Ministry of Overseas Indian Affairs (MOIA), remittance is received from the approximately 35 million members of the Indian diaspora. Remittances to India have long been a cornerstone of the nation's economy, significantly contributing to household incomes, economic stability, and overall development. These financial transfers from non-resident Indians (NRIs) are vital not only for the families receiving them but also for the broader economic landscape of the country. As one of the largest recipients of remitt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remittances
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Remittance is more than three times as large as the total global foreign aid. In 2021, $780 billion was sent to 800 million people, while foreign aid totalled $200 billion. Most remittance flows from high-income countries to lower-income countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. A substantial share of remittance ends up in the hands of banks and money-transfer companies due to fees imposed on money transfers. Governments can play a vital role in enabling migrants to support their families more effectively by implementing measures that help reduce transa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kerala Gulf Diaspora
The Kerala Gulf diaspora refers to the people of Kerala living in the West Asian Arab states of the Persian Gulf. A report presented in 2014, estimates that 90 percent of Kerala's 2.36 million-strong diaspora resides in the Middle East. Nearly 80 percent of Indians living in Kuwait are from Kerala according to the 2008 survey commissioned by the Department of Non-resident Keralite Affairs. The Gulf Boom The "Gulf Boom" refers to the mass migration of a large number of people from the Indian state of Kerala to the GCC states from 1972 to 1983. Largely consisting of the migration of Malayalis, the dominant indigenous ethnic group in Kerala, the movement of many migrant workers from Kerala to the GCC states continues to the present day, although in smaller numbers after the 2008 international financial crisis began to affect the GCC region. This initial wave of migration is usually referred to as the ''Kerala Gulf Boom''. In 2010, the GCC states contained a total Keralite populat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Persian Gulf
The Persian Gulf, sometimes called the Arabian Gulf, is a Mediterranean seas, mediterranean sea in West Asia. The body of water is an extension of the Arabian Sea and the larger Indian Ocean located between Iran and the Arabian Peninsula.United Nations Group of Experts on Geographical NameWorking Paper No. 61, 23rd Session, Vienna, 28 March – 4 April 2006. accessed 9 October 2010 It is connected to the Gulf of Oman in the east by the Strait of Hormuz. The river delta of the Shatt al-Arab forms the northwest shoreline. The Persian Gulf has many fishing grounds, extensive reefs (mostly rocky, but also Coral reef, coral), and abundant pearl oysters, however its ecology has been damaged by industrialization and oil spills. The Persian Gulf is in the Persian Gulf Basin, which is of Cenozoic origin and related to the subduction of the Arabian plate under the Zagros Mountains. The current flooding of the basin started 15,000 years ago due to sea level rise, rising sea levels of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market according to the exchange rate. To compare economies over time inflation can be adjus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of India
Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Ministry of Finance, Government of India, Government of the Republic of India, it is responsible for the control, issue, and maintenance of the supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. The RBI, along with the Indian Banks' Association, established the National Payments Corporation of India to promote and regulate the payment and settlement systems in India. Bharatiya Reserve Bank Note Mudran, Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Mysore (Karnataka; Southern India) and Salboni (West Bengal; Eastern India). Depos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
