Vallakam
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Set in the backdrop of the state's famed backwaters, the economy of Vallakam used to be based on rice and coconut cultivation. This has changed significantly in recent decades. Rice cultivation has been largely abandoned due to economic unviability, while coconut cultivation has declined owing to parasitic diseases such as Mandari and falling market prices. As of now, Vallakam's economy is based on what is left of coconut cultivation, newly introduced cash crops like nutmeg (Myristica fragrans), cacao (Theobroma cacao) and remittances sent by people from the village working in other Indian states and abroad and trade.