Summary:
The growth rate of OTR in 2017-18 was 13.96%. THIRUVANANTHAPURAM: The gross state domestic product (GSDP) of Kerala grew at 7.18% in 2017-18 as against 6.22% growth recorded in 2016-17, says the economic review report of the state planning board.The report, tabled in the assembly by finance minister Thomas Isaac on Wednesday, also claimed an impressive growth rate in agriculture and allied activities. The GSDP for agriculture and allied activities (livestock, forestry and logging and fishing and aquaculture) registered a growth rate of 3.64% in 2017-18 as against 0.02% in 2014-15, -5.10% in 2015-16 and 0.08% in 2016-17. The GSDP growth in the manufacturing sector was 9.2% in 2017-18 as against 7.8% in 2016-17.Kerala ranks first, along with Himachal Pradesh, in achievement of sustainable development goals with a score of 69 against the national average of 57. Receipts from sales tax and VAT (Rs 24,577.81 crore) contributed 52.90% of the total OTR, followed by 25.85% from state goods and services tax (Rs 12,007.69 crore), 7.88% from taxes on vehicles (Rs 3,662.85 crore), 7.43% from stamp duties and registration fees (Rs 3,452.56 crore), 4.82% from state excise duties (Rs 2,240.42 crore), and 0.35% from land revenue (Rs162.16 crore)..