THIRUVANANTHAPURAM: The state's economic growth rate is reported to be low. The growth rate slowed to 3.45 per cent from the previous year’s 6.49 per cent. This was in the economic survey tabled in the Assembly.

The tourism sector suffered a major setback in the state. The loss during the nine months of 2020 was Rs 25,000 crore. The state was affected by natural disasters. There is a shortfall of Rs 2629 crore in revenue. Agricultural sector growth continues to be negative (–6.62%).

Debt also rose in the state. Salary, interest and pension expenses increased. The Economic Survey has mentioned in the report that unemployment rate is nine percent.