Kerala on track to become $1 trillion economy by 2047, say experts

Kochi: Strategic investments, sustainable development and a thriving business ecosystem are set to propel Kerala to a Rs 88 lakh crore ($1 trillion) economy by 2047, said experts at Invest Kerala Global Summit (IKGS 2025).During a session "Kerala Towards $1 Trillion Economy," panelists outlined the state's growth journey and its potential to become India's first sustainable trillion-dollar economy. KSIDC chairman C Balagopal said that Kerala's gross state domestic product doubled every 6-7 years since 2000 and attributed this growth to strategic investments, sustainable initiatives in major sectors, enhanced connectivity and a vibrant entrepreneurial ecosystem.Balagopal traced Kerala's progress from the equitable land reforms of 1950-70, through building a productive workforce and high human development index in the 1980s, to embracing IT in the 1990s with the establishment of IT parks and Kerala Startup Mission.IBS Software founder and executive chairman VK Mathews said Kerala's economy expanded from Rs 0.97 lakh crore in 2004-05 to a projected Rs 13.1 lakh crore this financial year with a 13.7% compound annual growth rate over 20 years.The session was moderated by The Economics Times executive editor Sruthijith KK.
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