Annual Employment - Unemployment Survey for 2015-16' prepared by the Labour Bureau of the Union ministry of Labour and Employment indicates that Tripura had the highest unemployment rate of 19.7% in India, followed by Sikkim (18.1%) and Kerala (12.5%). In 2020 with unemployment rate around 5% , Kerala has managed to turn its fate around despite the corona virus pandemic affecting all sectors of the economy. The state's poverty rate is exceptionally lowest in the country at 0.71%; and it houses the Kottayam district which is the only one in the country with zero poor residents. Macro-economic trend This is a chart of trend of gross state domestic product of Kerala at market prices estimated by Ministry of Statistics and Programme Implementation with figures in millions of Indian Rupees. Kerala had recorded a growth rate of 6.49 per cent in 2013, which was above the national average (4.04) and the second highest among South Indian States. The state's growth rate was above that of Karnataka (5.79 per cent) and Andhra Pradesh (5.97 per cent). During the period between 1960 and 2020, Kerala's economy was gradually shifting from an agrarian economy into a service-based economy as shown below: Sources: Economic Review, Kerala (2016 and 2020) In 2009, Kerala was the 8th greatest debt burden in India. In 2013, the state's debt was estimated at 35.53 per cent of GSP. State's debt liability recorded an increase of 14.4 per cent and rose from in 2013–14 to in 2014–15. This liability as a percentage of GSDP was 31.4 per cent, which is higher than the target of 29.8 per cent fixed in the Kerala Fiscal Responsibility Act. The GDP growth rate that continuously stood above the national average, began to show a declining trend from 2012 to 2013, and it further slid to 8.59% in 2015–16, when the national average stood at 9.94%. The tax growth rate, which was 23.24% in 2010–11, fell to 10.68% in 2015–16. Sectors The state's service sector which accounts for around 65% of its revenue is mainly based upon its Hospitality industry, Tourism, Ayurveda and Medical Services, Pilgrimage, Information technology, Transportation, Financial sector, and Education. Major initiatives under the industrial sector include Cochin Shipyard, Oil refinery, Shipbuilding, Software Industry, Coastal mineral industries, food processing, marine products processing, and Rubber based products. The primary sector of the state is mainly based upon Cash crops. Kerala produces a significant amount