Financial crisis and Kerala economy

The study examines the trends in export, foreign remittances, credit availability, and tourism in the context of Kerala economy against the background of global financial crisis and subsequent global recession. Kerala is considered to be highly vulnerable to a crisis like this because of its greater integration with the rest of the world. The study shows that there are some reasons to believe that the financial crisis affected Kerala economy adversely by slowing down export and tourism in the year 2008-09 which witnessed the worst impact of the crisis. JEL Classification: E32, F15, F44 Key Words: Global Financial Crisis, India, Kerala, export,