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Economy Of Kerala
The economy of Kerala is the 9th largest in India, with an annual gross state product (GSP) of in 2020–2021. 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 primarily based on the concept of "democratic socialist welfare state". Some, such as Financial Express, use the term "Money Order Economy". Kerala is the second-most urbani ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Rupee
The Indian rupee ( symbol: ₹; code: INR) is the official currency in the republic of India. The rupee is subdivided into 100 ''paise'' (singular: ''paisa''), though as of 2022, coins of denomination of 1 rupee are the lowest value in use whereas 2000 rupees is the highest. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. Etymology The immediate precursor of the rupee is the ''rūpiya''—the silver coin weighing 178 grains minted in northern India by first Sher Shah Suri during his brief rule between 1540 and 1545 and adopted and standardized later by the Mughal Empire. The weight remained unchanged well beyond the end of the Mughals until the 20th century. Though Pāṇini mentions (), it is unclear whether he was referring to coinage. ''Arthashastra'', written by Chanakya, prime minister to the first Maurya ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urbanisation In India
Urbanization in India began to accelerate after independence, due to the country's adoption of a mixed economy, which gave rise to the development of the private sector. The population residing in urban areas in India, according to the 1901 census, was 11.4%, increasing to 28.53% by the 2001 census, and is now currently 34% in 2017 according to The World Bank. According to a survey by UN, in 2030 40.76% of country's population is expected to reside in urban areas. As per World Bank, India, along with China, Indonesia, Nigeria, and the United States, will lead the world's urban population surge by 2050. Mumbai saw large-scale rural-urban migration in the 20th century. ee main/sup> Mumbai, in 2018, accommodates 22.1 million people, and is the second-largest metropolis by population in India. Delhi has 28 million inhabitants and witnessed the fastest rate of urbanization in the world, with a 4.1% rise in population as per the 2011 census. History Post-independence, India faced h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kochi
Kochi (), also known as Cochin ( ) ( the official name until 1996) is a major port city on the Malabar Coast of India bordering the Laccadive Sea, which is a part of the Arabian Sea. It is part of the district of Ernakulam in the state of Kerala and is commonly referred to as Ernakulam. Kochi is the most densely populated city in Kerala. As of 2011, it has a corporation limit population of 677,381 within an area of 94.88 km2 and a total urban population of more than of 2.1 million within an area of 440 km2, making it the largest and the most populous metropolitan area in Kerala. Kochi city is also part of the Greater Cochin region and is classified as a Tier-II city by the Government of India. The civic body that governs the city is the Kochi Municipal Corporation, which was constituted in the year 1967, and the statutory bodies that oversee its development are the Greater Cochin Development Authority (GCDA) and the Goshree Islands Development Authority (GIDA). ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kottayam District
Kottayam (), is one of 14 districts in the Indian state of Kerala. Kottayam district comprises six municipal towns: Kottayam, Changanassery, Pala, Erattupetta, Ettumanoor, and Vaikom. It is the only district in Kerala that neither borders the Arabian Sea nor any other states. The district is bordered by hills in the east, and the Vembanad Lake and paddy fields of Kuttanad on the west. The area's geographic features include paddy fields, highlands, and hills. As of the 2011 census, 28.6% of the district's residents live in urban areas, and it reports a 97.2% literacy rate. In 2008, the district became the first tobacco-free district in India. Kottayam registered the lowest Multidimensional Poverty Index (MPI) of zero among all districts of India, indicating no deprivation as per the report published by Oxford Poverty and Human Development Initiative and UNDP for districts across India. The district's headquarters are based in the city of Kottayam. Hindustan Newsprint Limited ... [...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
The workforce or labour force is a concept referring to the Pooling (resource management), pool of human beings either in employment or in unemployment. It is generally used to describe those working for a single types of companies, company or Industry (economics), industry, but can also apply to a geographic region like a city, state, or country. Within a company, its value can be labelled as its "Workforce in Place". The workforce of a country includes both the employed and the unemployed (labour force). Formal and informal Formal labour is any sort of employment that is structured and paid in a formal way.Seager, Joni. 2008. The Penguin Atlas of Women in the World. 4th ed. New York: Penguin Books. Part 5 Unlike the informal sector of the economy, formal labour within a country contributes to that country's gross national product. Informal labour is labour that falls short of being a formal arrangement in law or in practice. It can be paid or unpaid and it is always unstruct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Migrant Labourers In Kerala
Migrant labourers in Kerala, India's southernmost state, are a significant economic force in the state; there were around 2.5 million internal 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 for its welfare schemes and environment, they are often ... [...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 2017 and remittances from India to other countries totalled billion, 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. History Overview Under the Foreign Exchange Management Act (FEMA) of 1999, Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can open and maintain three types of accounts namely, Non-Resident Ordinary Rupee Account (NRO Account), Non-Resident (External) Rupee Account (NRE Account) and Foreign Currency Non Resident (Bank) Account – FCNR (B) Account. NRO Accounts are not repatriable except f ... [...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. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations. [...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. In 2008, they numbered more than 2.5 million. Nearly 80 percent of Indians living in Kuwait are from Kerala according to the 2008 survey commissioned by the Department of Non Resident Keralites Affairs, 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 Gulf Cooperation Council, 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 population of m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Persian Gulf
The Persian Gulf ( fa, خلیج فارس, translit=xalij-e fârs, lit=Gulf of Persis, Fars, ), sometimes called the ( ar, اَلْخَلِيْجُ ٱلْعَرَبِيُّ, Al-Khalīj al-ˁArabī), is a Mediterranean sea (oceanography), mediterranean sea in Western Asia. The body of water is an extension of the 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 October 9, 2010 It is connected to the Gulf of Oman in the east by the Strait of Hormuz. The Shatt al-Arab river delta 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 u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. List of countries by GDP (nominal) per capita, GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation, inflation rates of the countries; therefore, using a basis of List of countries by GDP (PPP) per capita, GDP per capita at purchasing power parity (PPP) may be more useful when comparing standard of living, living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the GDP per capita, p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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