Kerala economy posts strong recovery in 2021-22

Thiruvananthapuram: Kerala's economy has posted a strong recovery in 2021-22 with Gross State Domestic Product at constant prices recording a robust growth of 12.01%, compared to (-) 8.43% in 2020-21.

According to the Economic Review tabled in the state assembly by finance minister KN Balagopal on Thursday, this is the highest growth recorded since 2012-13 and gave the credit to the stimulus packages, along with other policy interventions of the state government, augmented growth, particularly at a time when economic activities were severely constrained, for the achievement.

It said in 2021-22, the sectoral composition of GSDP reveals positive developments across sectors.