Home / Knowledge / News / Service sector drives Kerala GDP
Service sector drives Kerala GDP
Jan '08
Kerala has made rapid strides in its core competent areas namely, tourism services and also in social development. The contribution of the service sector to the state GDP is substantial (60%).

Employment Generation in this sector is about 67% and taxes revenue receipt is about 62%. However, it is found that there are many issues hampering the growth of the commercial sector.

The efforts of the Government to concentrate on manufacturing sectors and other related activities have not succeeded to the desired level in spite of many Govt initiatives.

Though manufacturing has a comparatively adverse effect on environment and ecology more encouragement seem to be given to the manufacturing sector.

The new Industrial policy 2007, recognizes the untapped potential of the commerce sector. Hence, Government proposes to study in detail issues, hampering the growth of commerce sector.

The Grand Kerala Shopping (GKS) festival is one of the major initiatives of the Govt to encourage trade and commerce. GKS also focuses on creating infrastructure development and policy initiatives to convert Kerala into a World class commercial hub.

Govt of Kerala has constituted a Committee to study the issues hampering the growth of Commercial sector in Kerala and to suggest practical solutions for the faster growth of the sector.

Smt. Lida Jacob IAS (Rtd), former Secretary (Social Welfare), Govt. of Kerala, will be the Chairperson of the committee. In the past she was Secretary in Govt Departments like PWD & Higher Education.

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search