As of 2011 India census, Koratty had a population of 17,618. Males constitute 49% of the population and females 51%. Koratty has an average literacy rate of 96.72%, higher than the national average of 74%: male literacy is 97.94%, and female literacy is 95.58%. In Koratty, 9% of the population is under 6 years of age.
- Shrine of Our Lady with Poovan Bananas Koratty is one of the biggest Marian/Christian/Catholic pilgrimage travel destination of Kerala in India. Korattymuthy Shrine is a Pilgrimage centre in Kerala. It is also known as the Lourdes of Kerala. Korattymuthy- Our Lady with Poovan Bananas is the well known name for Holy Mary or Mother Mary here. Devotees from all over the world visit Koratty annually. Every year the Feast of Koratty Muthy will commence on 1st Sunday after 10 October. The flag for the feast will be hosted on the previous Wednesday.
Industry
Koratty is also famous for its industrial units. Vaigai Thread Processors Ltd.. Another major industry is in Public Sector under the control of Government of India - Government of India Press, Koratty. It is the one and onlyIndian Government controlled press in Kerala. Earlier it has been proposed to convert it into a security press for the printing of Stamp Papers and Postal Stamps etc. On modernization drive, lately Govt of India UM has decided to shut down its operation due to non-feasibility. the Other industries like Carborandum Universal, Kerala Chemicals & Proteins Ltd are also located here. Sri. Panampilly Govinda Menon, former Chief Minister of Kerala and former Central Cabinet Minister for Railways, was the frontrunner in bringing these industries to Koratty and nearby areas as he was a native of Kathikudam near Koratty. Koratty have their own news portal name . One of the global software companies, , is located at Koratty Infopark. MVS Info Tech are ais headquartered in Koratty. MVS Group is also planning to set up their IT campus by 2014 at Koratty
Another industrial area situated in Koratty is Kinfra Small Industries Promotion Park, lot of small scale industrial units are situated inside the park. It is located 0.5 km east of Koratty Jn. on Konoor Rd. A new venture for manufacturing and quality control of Ayurvedic medicines promoted jointly by Kinfra & and major Ayurvedic Medicine manufactures namely Confederation of Ayurvedic Renaissance-Keralam Pvt Ltd, is also upcoming in of land near Koratty Kinfra Park.
An IT park is started functioning in this town from 10 October 2009 -known as Infopark Thrissur. More than 30 companies are functioning in this park. Infopark Thrissur is considered to provide direct employment to 3,000 people and may boost the real estate sector in this area. The new upcoming campus consisting of a multistory building, with more than one lakh square feet built up area got Special_economic_zone status from government of India in July 2014. and will be known as 'INFOPARK -Koratty'
