When compared to other southern capitals, Thiruvananthapuram has the lowest level of industry. Overzealous unionism had a chilling effect on business and industry for decades, but now that things have changed, the city’s and state’s economies are eager to seize the opportunities that lie ahead.
In the 1990s, tourism was a driving force in recovering economic activity, and it remains at the forefront today alongside other service industries, especially the information technology sector. Traditional remittances from expats, especially those working in the Gulf, also have made significant contributions to the economy.
Thiruvananthapuram’s economy has been given a boost and many people have found work thanks to the proliferation of medium and large-scale companies in and around the city. The once vital role played by the coconut, rubber, pepper, and tea plantations located on the outskirts of the city is now in steady decline.
Because of its coastal location, the fishing industry also contributes significantly to the city’s economy. In addition, once Vizhinjam’s deep water port is operational, the economy will receive a boost.