Kerala Economic Survey 2026: GSDP Grows 6.19%; Debt-to-GSDP Ratio Falls to 34.87%

The Kerala Economic Survey 2026 revealed the state's GSDP grew 6.19% in real terms in 2024-25, with the debt-to-GSDP ratio declining from 38.87% (2020-21) to 34.87% (2024-25), indicating easing fiscal stress. Per capita income rose to Rs 1.90 lakh, significantly above the national average of Rs 1.33 lakh. However, the revenue deficit widened to 2.49% of GSDP due to stagnant revenue growth and reduced central transfers.