thomas-isaac

THIRUVANANTHAPURAM: Finance minister Thomas Isaac clarified that the rate of financial growth of Kerala has increased in this financial year. The growth rate has become 7.18%. However, poverty threshold is still in a low level. All these details are clarified in the financial evaluation report of 2018. The report was submitted in the assembly. He also said that the state is trying to recover the recession following the floods. The per capita income has increased to Rs. 1.48,927. This is higher than the national average. Though there is an increase in the expat deposits, growth rate has declined. The growth rate of expat deposits was 12.34% in March, 2017 and it was decreased to 11.55% this year. The report also states that there is a deposit of Rs. 4,45,401 crore in banks in Kerala.