Kerala's Ambitious Economic Journey: Balancing Growth Amid Challenges

Kerala is striving to boost its economy by attracting significant investments without overburdening its citizens. Despite challenges from the central government in securing adequate financial support, the state has made impressive strides, hosting a successful investor summit and seeing growth in GSDP and per capita income.

In a determined push to bolster its economy, Kerala is continuously seeking innovative ways to generate revenue without overtaxing its population, Chief Minister Pinarayi Vijayan has stated. The state's recent endeavors highlight a vigorous economic journey, despite challenges with the central government.

The state recently hosted the Investor Kerala Global Summit, attracting substantial investment commitments amounting to Rs 1.53 lakh crore. The Kerala government emphasized efforts to eliminate procedural delays, illustrating its commitment to fostering a business-friendly environment.

Despite contributing significantly to the national GDP, Kerala faces financial hurdles from decreased central fund devolution. Nevertheless, its GSDP growth remains robust, with the state asserting its fiscal independence amid ongoing dialogues for fair central support.

(With inputs from agencies.)