31.2% of Kerala GDP is contributed by NRK (Non-resident Keralites) in 2011

Hardly a surprise for the people living in Kerala, the state witnessed remittance from Keralites working abroad (NRK) to account for a significant portion of its GDP. In 2011, at Rs 49,965 crore, it touched an all-time high of 31.2 per cent of the state GDP, according to a recent report on Kerala Migration Survey, prepared by Centre For Development Studies (CDS), for Department of Non-resident Keralites Affairs (NORKA) and Ministry of Overseas Indian Affairs. In 2011, there were 34,30,889 NRKs, up from 33,50,538 in 2008.

Most macroeconomic indicators show that NRK remittances in 2011 played a significant part in the economy of the state. “NRK remittances were 1.6 times the revenue receipt (Rs 31,181 crore), 6.2 times the money that the state got from the Centre (`7,982 crore) as revenue transfers and 2.2 times the entire government expenditure (Rs 22,546 crore).

Malappuram topped in overall remittance with Rs 9,040 crore accounting for 18.2 per cent of the state’s total remittance. Close on heels were Ernakulam (12.3 per cent), Kannur (10.4 per cent) and Thiruvananthapuram (9.5 per cent).

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