Kerala is really at a crossroads in terms of its economic development. The crucial role of public action in the realization of high human development indicators is now widely acknowledged. Despite impressive achievements on the human development front, the state has been struggling to achieve economic progress.This is evident from the low productivity of agricultural and industrial sectors, high levels of educated unemployment, inadequate infrastructure facilities, poor industrial climate, lack of private initiatives in industrial development and a poor state of government finances. No doubt, the state-interventionist approach for economic development has helped in attaining high standards of living, but the inefficiency afflicting the public sector has placed severe constraints on the government s ability to sustain this achievement. In the case of economic reforms, when compared to the center and many other states, Kerala was late in initiating reform measures. Besides the state is at the bottom of the league of reformers. More importantly, Kerala has not benefited much from any of its reforms.
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Kerala Economy: Achievements and Challenges
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ABOUT THE AUTHOR R. Sthanumoorthy
R Sthanumoorthy holds a PhD from Madras School of Economics, Chennai, in the field of public finance. Presently, he is working as a Faculty at IIM Kozhikode. Earlier, he was working as a Faculty Member-Consulting Editor at Icfai Business School Research Center, Chennai. His research interests are in taxation, competition among the governments in setting economic and fiscal policies, new institutional economics, political economy of economic reforms, and Indian software industry. He has around five years of research experience and published research papers and articles in peer-reviewed journals, edited books, business magazines and financial dailies. He has also presented research papers in various national conferences and has conducted seminars.
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Bibliographic information
Title
Kerala Economy: Achievements and Challenges
Author
Edition
1st ed.
Publisher
ISBN
8131405583
Length
444p.
Subjects
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