Kerala, with a positive population growth rate of 3.4%, has the lowest rate in India. Kerala is the area-wise 21st-largest Indian state.The Reserve Bank of India’s 2013 Annual Report says that 47.7% of Kerala’s people live in cities, making it the second-most urbanised major state in the country. It is also the second-least poor state in India.

Kerala has the highest rate of literacy—96.2%.

Kerala’s official language is Malayalam, which is primarily spoken throughout India.

A big part of the country’s total output comes from the production of pepper and natural rubber.Coconut, tea, coffee, cashews, and spices play a significant role in agriculture.Between 1960 and 2020, Kerala’s economy slowly changed from being based on farming to being based on services.
The nominal gross state domestic product (GSDP) for the fiscal year 2018–19 was Rs. 7.82 lakh crore ($98 billion).] GSDP expansion: 11.4% in 2018–2019. In comparison to the national rate of 4.8%, the state saw an increase in businesses of 8.9% between 1998 and 2005.With a gross state domestic product (GSDP) of 8.55 trillion rupees (US$110 billion) and a per-capita net state domestic product of 222,000 rupees (US$2,800), Kerala has India’s eighth-largest economy.

The hospitality industry, tourism, Ayurveda and Medical Services, pilgrimage, information technology, transportation, the financial sector, and education make up the majority of the state’s service sector, which generates around 63% of its revenue.

Kerala made history by being the first state in the nation to have at least one banking facility in every hamlet. As of March 2002, the state of Kerala had the third-highest bank penetration among Indian states, with 3341 local branches serving 10,000 people on average, which is less than the 16,000 national average.

According to estimates, the unemployment rate was 9.4% in 2007. Other persistent problems include youth unemployment, underemployment, and a 13.5% female labor participation rate.

The first technological park in India existed in kerala. The establishment of Technopark in Thiruvananthapuram, one of Kerala’s largest IT employers, has increased the state’s focus on the development of the information technology sector. Software giants like Suntec, Capgemini, UST Global, HCL, and UST Global all have offices in the state.A second significant IT hub for the state is the Infopark, which is based in Kochi and has “spokes” (which serve as the “hub”) in Thrissur and Alleppey.

Kerala is the source of 60% of the white coir fibre produced worldwide. At Alleppey, India, in 1859–1860, a coir industry was established. 97% of the nation’s black pepper production comes from Kerala, which also supplies 85% of the nation’s natural rubber.Over one million people are employed by traditional industries that produce goods, including coir, hand looms, and handcrafts.