Cashback is a big buzzword in Kerala.
So is the new-fangled ‘golden wave’ that has swept the state.
With its cash rewards, it has become a buzzword and a buzzphrase of Kerala.
But is it a good thing?
How will it affect our economy?
Let’s start by looking at how Kerala is getting on.
According to the latest data, Kerala is the fourth-most populous state in India with a population of 6.3 crore.
It is followed by Odisha (1.2 crore), Madhya Pradesh (1 crore), Andhra Pradesh (700,000) and Tamil Nadu (700 000).
The state has a total of over 15 crore people.
The number of hotels, hostels, hostel owners, hostelling, accommodation providers, hostesses, and other businesses has increased in Kerala over the past three years.
In a country with a capital of 1.8 lakh, Kerala has a population density of 1,938 people per square kilometre, which is about three times the national average.
So the state is seeing a boom in hotel industry.
Kerala’s hotels and hostels industry has seen a boom of about Rs 7,000 crore in the last five years.
Kerala has also seen the emergence of ‘gold-wave’ hotels in the past few years.
It was the first time that Kerala witnessed a wave of gold-wave hotels.
Kerala is also the state with the highest number of gold bars in the country.
Kerala hosts more gold bars than any other state.
The state hosts about 2,000 gold bars per sq. km, and about 1,500 bars per square mile.
The increase in the number of guests has also been a big part of the Kerala’s economic growth in recent years.
The number of business visitors has also increased in recent times, with Kerala being the state that attracts the most business travellers.
According a report by the Indian Statistical Institute, Kerala’s gross domestic product (GDP) grew by 4.6 per cent from 2013-15, the most in the nation.
The growth rate of the total number of persons working in Kerala has grown at a steady pace over the last decade.
In 2013-14, the number was around 4.5 lakh, which was higher than the national rate of 2.8 million.
However, as per a recent report, the state’s labour force participation rate fell to 62.6 percent from 63.1 percent in 2014-15.
Kerala, the capital of Kerala, is also a destination of the highest amount of tourists.
According to the Tourism & Culture Ministry, Kerala hosts around 7 per cent of the global visitors.
Tourism in Kerala accounts for around 25 per cent to 30 per cent, with the rest coming from other states and the US.
The rise in the popularity of tourism in Kerala is not only a result of the booming industry.
Tourism contributes around Rs 5,000 to Rs 6,000 per person in the state, depending on the number and location of the guests.
In 2014-2015, the Tourism Ministry reported that Kerala had the fourth highest number in the world of foreign visitors in terms of number and destination.
In comparison to the world, Kerala had only 5 per cent population density.
Kerala also hosts a very good number of artists.
In 2015, Kerala was the second-largest state in the entire country in terms for number of art museums, followed by Tamil Nadu with 10.3 per cent.
Andhra and Telangana were second and third in terms with 7.1 per cent and 6.7 per cent respectively.
The country has also recorded an increase in number of foreign artists, with over 4,200 foreign artists in the year 2015.
The tourism sector is also being considered a major contributor to Kerala’s economy.
Tourism is also one of the main drivers of economic growth, especially in the tourism-dependent Kerala.
Tourism generates about Rs 1.2 lakh crore in Kerala and contributes nearly 60 per cent in the overall state budget.
The Tourism Ministry has also set aside Rs 2,500 crore for tourism projects in the next five years and is expected to attract more than 50 per cent foreign direct investment (FDI).
Kerala is also seeing the emergence and expansion of ‘bunking’ or ‘reservations’, which is a popular form of hotel booking in the coastal state.
Bunkers are basically a small room where guests can stay for the night without any booking.
In Kerala, there are around 1,200 bunkers across the state and there are over 30 bunkers located in the Kannur district.
According the Tourism Department, the total bunkers in Kerala are about 10,000.
The beds in these bunkers are usually very small and have little or no space.
These beds are used for people who want to stay for longer than one night.
In fact, there have been cases of people being booked for two or