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Economy of Malappuram


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A major driver of the local economy is the remittances of the migrants residing in the middle east countries,by which banking sector in Malappuram has a huge NRI Deposits. City has strong trader community in which Hotels and bakery business out numbers, followed by Textile and Medical sector. Tourism is the major crowd puller of the city. Places like kottakkunnu, Shanthitheeram etc. attracts lakhs of people from all over the state. According to Industries department of kerala, visitors in the kottakkunnu during festive season are more than 9 to 10 lakh. General Engineering, Cloth Manufacturing, Timber oriented business etc are the commonly found industrial enterprises in City. Almost 60 percent of employees in the city are part of service sector. Being the district head quarters, people working in different Government offices contributes a major part in the commerce and the economy
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