Kerala registered a growth rate of 6.20 per cent in 2014-15, lower than 6.82 per cent recorded in 2013-14.
The Net State Domestic Product at current prices grew by 12.55 per cent during the year compared to 12.56 per cent in 2013-14, the Economic Review 2015 tabled in the state assembly today said.
The report said agriculture sector registered a negative growth, mainly because of decrease in production of some cash crops like pepper, turmeric, cashew, tea, coffee and rubber.
Total debt of the state stood at Rs 1,35,440.24 crore as of 2014-15, the report said.
The total bank deposits in the state increased by 15.14 per cent and touched Rs 3,20,010 crore during 2015, up from Rs 2,77,940 crore in 2014.
Inflow of NRI deposits increased by 17 per cent from Rs 93,883 crore in March 2014 to Rs 1,09,603 crore in March 2015.
The report said to improve infrastructure in the state, more efforts are required to attract private sector participation.
