Economy
Although the economic development of the state is low, Kerala's
Human Development Index and standard of living statistics are the nation's best This apparent
paradox arises mainly from Kerala's strong service sector (including tourism, public administration,
banking and finance, transportation, and communications) which, along with the agricultural
and fishing industries dominate Kerala's economy. Nearly half of Kerala's people are dependent
on agriculture alone for income.
Some 600 varieties of rice are harvested from 310,521 ha
of paddy fields; 688,859 tonnes are produced per annum. Other key crops include coconut,
tea, coffee, rubber, cashews, and spices—including pepper, cardamom, vanilla, cinnamon,
and nutmeg.
Around 1.050 million fishermen haul an annual catch of 668,000
tonnes; 222 fishing villages are strung along the 590 km coast, while an additional 113
fishing villages are spread throughout the hinterland.
Traditional industries manufacturing such items as coir,
handlooms, and handicrafts employ around one million people.