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
