Introduction
Kerala has quietly emerged as a strong hub for information technology. According to a recent study by the MSME Export Promotion Council, the number of IT professionals in the state jumped to 2.50 lakh in 2023, from around 78,000 in 2016 — a growth of approximately 31% in six years. TechGig+2Dev Weekly+2
What does this mean for you — especially if you’re working in IT in Kerala, thinking ahead to retirement? In this post, we explore the implications and why now is the time to plan your retirement income smartly.
Section 1: Kerala’s IT Growth Story
- The study shows that Kerala’s digital ecosystem is supported by strong government commitment, a well-educated workforce, and a growing start-up scene. India Today+2TechGig+2
- From 78,000 IT professionals in 2016 to 2.50 lakh in 2023 — the state has shown impressive growth. TechGig+1
- Increased investment flows: for example between 2018-19 to 2022-23, new projects worth Rs 91,575 crore were reported. Dev Weekly+1
- All this means more job opportunities, higher incomes — but also more competition and rapidly changing job patterns.
Section 2: Why IT Professionals in Kerala Need Retirement Planning
- With better-paying jobs and strong upward mobility, IT professionals often delay retirement planning.
- Technology roles can be high paying — but they can also involve project cycles, skill obsolescence or career transitions.
- If you’re earning well now in Kerala’s IT sector, the question is: What happens 15-20 years from now? Will your income continue? Will your savings last?
- That’s why retirement planning cannot wait — a private pension plan becomes essential.
Section 3: The Gap Between Income and Retirement Security
- Despite growing incomes, many IT professionals underestimate how much they’ll need for a comfortable retirement.
- Rising cost of living in Kerala (housing, health, living) means you’ll need a solid monthly income after retirement, not just a lump sum.
- Government pension systems may not cover private sector professionals. So your retirement income depends on the plan you build today.
Section 4: How to Use Private Pension / Guaranteed Income Plans
- Choose a retirement plan that offers guaranteed monthly income, preferably for life or for a fixed long term.
- Start early while your earning potential is high. The growth in your earnings (thanks to the IT boom) can help fund a better retirement plan.
- Align the plan with realistic retirement age (say 60 or earlier), expected monthly expenses, growth in costs.
- For IT professionals in Kerala: you may wish to include contingencies for relocation, health care, upskilling-later etc.
Section 5: Why This IT Momentum in Kerala Works in Your Favor
- Because the IT sector is booming in Kerala, if you’re part of it you have more earning potential now than earlier generations.
- This gives you an opportunity to allocate a portion of your income into a high-quality retirement plan.
- The faster growth means the job market is dynamic — so you can ride this momentum to build your long-term financial security.
Section 6: The Call to Action
If you’re working in IT in Kerala or any private sector job and want to ensure your retirement years are comfortable and worry-free, it’s time to act. At Golden Retire, we specialise in helping professionals like you choose the right retirement plan with good returns and guaranteed monthly income.
Schedule a free consultation now and let our experts tailor a plan that aligns with your Kerala IT career, lifestyle ambitions and retirement goals.
Conclusion
Kerala’s IT sector growth is more than just a statistic — it’s a personal opportunity. If you capitalise on it today by planning your retirement income, you’ll set yourself up for stability and freedom later. Don’t wait for uncertainty to arrive. Plan smart. Plan early.
